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abrdn Income Credit Strategies Fund (ACP) Announces Change to Monthly Distribution Expected to Be Maintained for at Least the Next 12 Months

ACP
  • abrdn Income Credit Strategies Fund (NYSE: ACP) reduced its monthly distribution from $0.0775 to $0.055 per common share.
  • The revised distribution begins with the payment due September 30, 2026, for shareholders of record on September 22, 2026.
  • The new distribution rate represents an annualized yield of approximately 12.5% based on the Fund's net asset value as of September 10, 2026.
  • The Fund intends to maintain this distribution level for at least the next 12 months unless significant unforeseen market changes occur.
  • The Board of Trustees approved the reduction to align shareholder payments with current credit market opportunities, noting that tighter credit spreads have moderated prospective total returns.
  • The investment adviser remains optimistic about near-term & long-term prospects for the high yield market despite the lower distribution rate.
  • The adjustment provides the portfolio management team with greater flexibility to allocate capital toward attractive risk-adjusted opportunities.
  • Form 1099-DIV documents detailing the amount & tax treatment of distributions will be sent to shareholders at the end of each calendar year.
  • The distribution policy is subject to modification by the Board at any time, & past performance does not guarantee future results.
  • Aberdeen Investments manages 28 closed-end funds totaling $28.3 billion as of June 30, 2026.