ACP
Abrdn Income Credit Strategies Fund5.42
+0.04+0.74%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
680.05MP/E (TTM)
15.94Basic EPS (TTM)
0.34Dividend Yield
0.2%Recent Filings
8-K
Fund approves defaulted investments
abrdn Income Credit Strategies Fund announced on September 9, 2025, that its board approved a shift in non-fundamental investment strategy, effective November 10, 2025, allowing up to 5% of the portfolio in defaulted credit obligations while maintaining investments in likely-to-default ones. This tweak boosts flexibility in chasing high-yield opportunities amid stressed markets, potentially lifting income but amplifying default risks. Change approved.
8-K
ACP launches $75M share offering
abrdn Income Credit Strategies Fund launched an at-the-market offering on August 1, 2025, allowing sales of up to $75 million in common shares through ALPS Distributors and UBS Securities. Shares will trade above net asset value, excluding commissions, to bolster liquidity without fixed pricing. This flexible capital raise supports portfolio adjustments amid credit market shifts. Yet risks linger if sales dilute value.
8-K
ACP launches $100M share offering
Aberdeen Income Credit Strategies Fund entered a distribution agreement on February 11, 2022, to sell up to $100 million in common shares at the market through ALPS Distributors and UBS Securities. This at-the-market offering, filed under its effective shelf registration, allows sales only above net asset value to raise capital flexibly. The move bolsters liquidity amid credit market dynamics. Yet, execution hinges on market conditions.
8-K
ACP launches rights offering
Aberdeen Income Credit Strategies Fund launched a rights offering on May 20, 2021, distributing one transferable right per common share to record holders, allowing subscription for up to 5,812,247 new common shares at a 1-for-3 ratio. The offer expires June 16, 2021, with shares priced at 92% of the five-day average NYSE closing price ending on that date; full primary exercises qualify record holders for oversubscription privileges, subject to availability. This boosts capital for investments while diluting non-participants. Subscriptions close soon.
8-K
ACP issues preferred shares
Aberdeen Income Credit Strategies Fund completed the issuance of 1,600,000 5.250% Series A Perpetual Preferred Shares at $25.00 each on May 3, 2021, raising $40 million to bolster its capital base. The fund adopted a Statement of Preferences fixing rights and a $25.00 liquidation preference, while amending its transfer agency agreement effective May 10 for handling the new shares. This perpetual offering locks in fixed dividends. Yet market volatility could pressure yields.
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