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| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL DECLARATION OF BENEFICIAL OWNER OF THE SECURITIES Filed under Section 16(a) of the Securities Exchange Act of 1934 |
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1. Name and address of reporting person
(Street) |
2. Date of the event requiring a report (month/day/year) 01/20/2022 |
3. Issuer name Aberdeen Income Credit Strategies Fund [ ACP ] |
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4. Relationship between the reporting person(s) and the issuer (Check all that apply)
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5. In case of modification, date of filing of the original (month/day/year) | ||||||||||||
6. Individual or joint/group filing (check the applicable row)
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| Table I – Beneficial Ownership Non-Derivative Securities | |||
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| 1. Collateral Title (Instr. 4) | 2. Amount of beneficial ownership (Instr. 4) | 3. Form of ownership: direct (D) or indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Table II – Derivative Beneficial Ownership Securities (for example, puts, calls, warrants, options, convertible securities) |
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| 1. Derived Title Title (Instr. 4) | 2. Exercise date and expiry date (month/day/year) | 3. Title and amount of the securities underlying the derivative securities (Instr. 4) | 4. Conversion or exercise price of the derivative security | 5. Form of ownership: direct (D) or indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Exercise date | Expiration date | Title | Amount or number of shares | ||||
| Explanation of answers: |
| Remarks: |
| List of supporting documents: Exhibit 24 – Power of attorney |
| /s/ Lucia Sitar as a lawyer in fact | 01/31/2022 | |
| ** Signature of the declarant | Dated | |
| Reminder: Declare on a separate line for each category of securities of which you are the direct or indirect beneficial owner. | ||
| * If the form is completed by more than one declarant, see Section 4 (b)(v). |
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| ** Intentional inaccuracies or omissions of facts are federal criminal offenses See 18 USC 1001 and 15 USC 78ff(a). |
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| Note: Submit three copies of this form, one of which must be manually signed. If space is insufficient, see Instruction 6 for the procedure. |
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| Persons responding to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. | ||
POWER OF ATTORNEY Know all by these presents, that the undersigned hereby constitutes and appoints the individuals named on Schedule A attached hereto and as may be amended from time to time, or any of them signing singly, with full power of substitution and resubstitution, as the undersigned's true and lawful attorneys- in-fact to: 1. as may be required, prepare, execute in the undersigned's name and on the undersigned's behalf, and submit to the United States Securities and Exchange Commission (the "SEC") a Form ID, including amendments thereto, and any other documents necessary or appropriate to obtain codes and passwords enabling the undersigned to make electronic filings with the SEC of reports required by Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or any rule or regulation of the SEC; 2. execute for and on behalf of the undersigned, in the undersigned's capacity as a reporting person pursuant to Section 16 of the Exchange Act, and the rules thereunder of the applicable registered investment companies (and any successor companies) listed on Schedule A attached hereto, as amended from time to time, and any other registered investment company affiliated with or established by abrdn Inc., Aberdeen Asset Managers Limited, abrdn Asia Limited or their affiliates, for which the undersigned becomes a Section 16 reporting person (each, a "Fund"), Forms 3, 4 and 5 in accordance with Section 16(a) of the Exchange Act; 3. do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete and execute any such Form 3, 4 or 5 and timely file such form with the SEC and any stock exchange or similar authority; and 4. take any other action of any type whatsoever in connection with the foregoing that, in the opinion of any of such attorneys-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by any of such attorneys-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as any of such attorneys-in-fact may approve in the discretion of any of such attorneys-in-fact. The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that any of such attorneys-in-fact, or the substitute or substitutes of any of such attorneys-in-fact, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is any Fund assuming, any of the undersigned's responsibilities to comply with Section 16 of the Exchange Act. This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned's holdings of and transactions in securities issued by any Fund, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact. IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 12th day of January 2022. Signature: /s/ Brian Kordeck Name: Brian Kordeck SCHEDULE A FUND NAME AND TICKER SYMBOL 1. ABERDEEN AUSTRALIA EQUITY FUND, INC. (IAF) 2. ABERDEEN ASIA-PACIFIC INCOME FUND, INC. (FAX) 3. ABERDEEN GLOBAL INCOME FUND, INC. (FCO) 4. ABERDEEN EMERGING MARKETS EQUITY INCOME FUND, INC. (AEF) 5. THE INDIA FUND, INC. (IFN) 6. ABERDEEN JAPAN EQUITY FUND, INC. (JEQ) 7. FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND (FAM) 8. FIRST TRUST/ABERDEEN EMERGING OPPORTUNITY FUND (FEO) 9. ABERDEEN INCOME CREDIT STRATEGIES FUND (ACP) 10. ABERDEEN ASIA-PACIFIC INCOME INVESTMENT COMPANY LIMITED (FAP) 11. ABERDEEN GLOBAL PREMIER PROPERTIES FUND (AWP) 12. ABERDEEN GLOBAL DYNAMIC DIVIDEND FUND (AGD) 13. ABERDEEN TOTAL DYNAMIC DIVIDEND FUND (AOD) 14. ABERDEEN STANDARD GLOBAL INFRASTRUCTURE INCOME FUND (ASGI) INDIVIDUALS APPOINTED AS ATTORNEY-IN-FACT, WITH FULL POWER OF SUBSTITUTION AND RESUBSTITUTION 1. Jennifer Nichols 2. Lucia Sitar 3. Megan Kennedy 4. Alan Goodson 5. Katherine Corey
