abrdn Income Credit Strategies Fund Declares Quarterly Dividend

On June 10, 2025, the Board of Trustees of the abrdn Income Credit Strategies Fund announced a cash distribution of $0.328125 per share for its 5.250% Series A Perpetual Preferred Shares, which are traded on the New York Stock Exchange under the symbol “ACP PRA.” This distribution is scheduled to be payable on June 30, 2025, to shareholders of record as of June 20, 2025, with the ex-dividend date set for June 20, 2025.

The Series A Preferred Shares maintain a strong credit rating of “A2” from Moody’s Investors Service, reflecting their high credit quality. These shares offer a stable annual dividend yield of 5.25%, with distributions potentially sourced from various income streams, including net realized short-term and long-term capital gains, as well as return of capital. However, the final tax treatment of these distributions remains uncertain until the end of the fiscal year.

The Series A Preferred Shares were initially issued on May 10, 2021, at a price of $25.00 per share and have consistently paid quarterly distributions. As of June 8, 2025, the close price of the fund was $20.84, with a 52-week high of $25.00 on December 11, 2024, and a 52-week low of $20.21 on April 8, 2025. The fund’s market capitalization stands at $682,560,000 USD, and it has a price-to-earnings ratio of 9.88.

In addition to the abrdn Income Credit Strategies Fund, several other Aberdeen Investments U.S. Closed-End Funds announced their distribution payments for June 30, 2025. These include:

  • abrdn Global Infrastructure Income Fund (ASGI): $0.2100 per share
  • abrdn Global Premier Properties Fund (AWP): $0.0400 per share
  • abrdn Global Income Fund, Inc. (FCO): $0.0700 per share
  • abrdn Healthcare Opportunities Fund (THQ): $0.1800 per share
  • abrdn World Healthcare Fund (THW): $0.1800 per share

These distributions are payable to shareholders of record as of June 23, 2025, with the ex-dividend date on June 23, 2025. The abrdn Income Credit Strategies Fund continues to be a key player in the investment landscape, offering consistent returns to its investors.