Aberdeen Income Credit Strategies Fund Declares Quarterly Dividend for Its 5.25% Series A Perpetual Preferred Shares

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PHILADELPHIA, PA /ACCESSWIRE/December 9, 2021/ The Board of Directors of Aberdeen Income Credit Strategies Fund (the “Fund”) has declared a cash distribution of $0.328125 per share of the 5.250% Series A Perpetual Preferred Shares of the Fund. (NYSE: ACP PRA) (“Series A Preferred Shares”). The distribution is payable on December 31, 2021 to holders of Series A Preferred Shares of record on December 20, 2021 (ex-dividend date December 17, 2021).

Press release

The Series A Preferred Shares trade on the NYSE under the symbol “ACP PRA”, are rated “A2” by Moody’s Investors Service and have an annual dividend rate of $1.3125 per share. The Series A Preferred Shares were issued on May 10, 2021 at a price of $25.00 per share and pay quarterly distributions.

Distributions may be made from sources of income other than ordinary income, such as short-term net realized capital gains, long-term net realized capital gains and returns of capital. Actual amounts and sources of amounts for tax reporting purposes will depend on the Fund’s investment experience over the remainder of its financial year and may be subject to change as a result of tax regulations. In January 2022, a Form 1099-DIV will be sent to shareholders, which will indicate the amount and composition of the distributions and provide information on their appropriate tax treatment for calendar year 2021.

You should not draw any conclusions about the investment performance of the Fund from the amount of this distribution.

In the United States, abrdn is the trading name of the following affiliated and registered investment advisers: Aberdeen Standard Investments Inc., Aberdeen Asset Managers Ltd., abrdn Australia Limited, abrdn Asia Ltd., Aberdeen Capital Management, LLC, Aberdeen Standard Investments ETFs Advisors LLC and Aberdeen Standard Alternative Funds Limited.

Closed-end funds are traded on the secondary market through one of the exchanges. The return on investment and the value of the principal of the Fund will fluctuate so that an investor’s shares may be worth more or less than the original cost. Closed-end fund shares may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund’s portfolio. There can be no assurance that the Fund will achieve its investment objective.

If you would like to receive this information electronically, please contact Investor.Relations@abrn.com

For more information contact:
Aberdeen Standard Investments Inc.
Investor Relations
1-800-522-5465
Investor.Relations@abrn.com

THE SOURCE: Aberdeen Income Credit Strategies Fund

See the source version on accesswire.com:
https://www.accesswire.com/676926/Aberdeen-Income-Credit-Strategies-Fund-Declares-Quarterly-Dividend-for-Its-525-Series-a-Perpetual-Preferred-Shares


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