ACP
abrdn Income Credit Strategies FundACP
ACP
About: abrdn Income Credit Strategies Fund is a diversified, closed-end management investment company. Its investment objective is to seek a high level of current income with a secondary objective of capital appreciation. It predominantly invests in debt and loan instruments of issues that operate in a variety of industries and geographic regions.
0
Funds holding %
of 6,815 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
1,460% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 5
1,450% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 2
516% more capital invested
Capital invested by funds: $30.9M [Q2] → $191M (+$160M) [Q3]
170% more funds holding
Funds holding: 43 [Q2] → 116 (+73) [Q3]
14.21% more ownership
Funds ownership: 8.76% [Q2] → 22.97% (+14.21%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for ACP.
Financial journalist opinion
Based on 4 articles about ACP published over the past 30 days
Neutral
Seeking Alpha
1 day ago
ACP: 15%+ Yield, 6% Discount
The abrdn Income Credit Strategies Fund focuses on high current income and capital appreciation by investing in global debt and loan instruments, primarily below investment grade. ACP's dividend cut and underperformance relative to the Morningstar US CEF Senior Loans category, coupled with market pressures, lead to a Sell recommendation at this time. ACP's fiscal year 2024 saw a 63% increase in net investment income, and a 65% reduction in net losses.
Neutral
Accesswire
4 days ago
abrdn U.S. Closed-End Funds Announce Distribution Payment Details
PHILADELPHIA, PA / ACCESSWIRE / January 10, 2025 / The following abrdn U.S. Closed-End Funds (NYSE:ACP, AGD, AOD, ASGI, AWP, THQ, THW)(NYSE American:FAX, FCO, VFL), announced today that the closed end funds in the chart directly below will pay the distributions indicated on a per share basis on January 31, 2025 to all shareholders of record as of January 24, 2025 (ex-dividend date January 24, 2025). Ticker Exchange Fund Amount ACP NYSE abrdn Income Credit Strategies Fund $ 0.0775 AGD NYSE abrdn Global Dynamic Dividend Fund $ 0.1100 AOD NYSE abrdn Total Dynamic Dividend Fund $ 0.1000 ASGI NYSE abrdn Global Infrastructure Income Fund $ 0.2000 AWP NYSE abrdn Global Premier Properties Fund $ 0.0400 FAX NYSE American abrdn Asia-Pacific Income Fund, Inc. $ 0.1650 FCO NYSE American abrdn Global Income Fund, Inc. $ 0.0700 THQ NYSE abrdn Healthcare Opportunities Fund $ 0.1800 THW NYSE abrdn World Healthcare Fund $ 0.1167 VFL NYSE American abrdn National Municipal Income Fund $ 0.0500 At the end of each calendar year, a Form 1099-DIV will be sent to shareholders, which will state the amount and composition of each fund's distributions and provide information with respect to their appropriate tax treatment for the prior calendar year.
Negative
Seeking Alpha
1 week ago
PIMCO Cuts A Couple Of Distributions, Who Could Be Next?
RCS and PCM recently announced distribution cuts, and they were simultaneously trading at some hefty premiums to their NAV per share. We saw the usual outcome, which is a drastic sell-off as is often the case with the dangerous combination of elevated NAV distribution rates and premiums are mixed. We are looking at two more names to warn about in the future, but predicting distribution cuts is incredibly difficult as funds can pay out what they'd like.
Positive
Seeking Alpha
3 weeks ago
ACP: This High Yield Credit CEF Is Starting To Look Interesting After The Recent Distribution Cut
The Fed lowered the target rate on Fed Funds by 25 basis points to 4.25%-4.50%, with modest additional cuts expected next year. High yield spreads widened to 2.85%, making high yield closed-end funds like ACP more attractive as their discounts widen. ACP offers a high level of current income and capital appreciation, with a current discount to NAV of -7.76% and a 15.65% annual distribution rate.
Neutral
Accesswire
1 month ago
abrdn Income Credit Strategies Fund (ACP) Announces Change to Monthly Distribution Expected to be Maintained for at Least the Next 12 Months
PHILADELPHIA, PA / ACCESSWIRE / December 10, 2024 / abrdn Income Credit Strategies Fund (NYSE:ACP) (the "Fund"), a closed-end fund, announced today that it has reduced its monthly distribution from US 10 cents per share to US 7.75 cents per share, commencing with the distribution payable on January 10, 2025 to shareholders of record as of December 30, 2024 (ex-dividend date December 30, 2024). This represents a change in the annualized distribution rate from 18% to 14% based on NAV as of December 9, 2024.
Neutral
Accesswire
2 months ago
abrdn U.S. Closed-End Funds Announce Distribution Payment Details
PHILADELPHIA, PA / ACCESSWIRE / November 11, 2024 / The following abrdn U.S. Closed-End Funds (NYSE:ACP, AGD, AOD, ASGI, AWP, HQH, HQL, IFN, JEQ, THQ, THW)(NYSE American:FAX, FCO, IAF, VFL), announced today that the closed end funds in the chart directly below will pay the distributions indicated on a per share basis on November 29, 2024 to all shareholders of record as of November 21, 2024 (ex-dividend date November 21, 2024). These dates apply to the Funds listed below with the exception of the abrdn Healthcare Investors (HQH), the abrdn Life Sciences Investors (HQL), the abrdn Australia Equity Fund, Inc. (IAF), the India Fund, Inc. (IFN) and the abrdn Japan Equity Fund, Inc. (JEQ) which will pay on January 10, 2025 to all shareholders of record as of November 21, 2024 (ex-dividend date November 21, 2024).
Neutral
Accesswire
3 months ago
abrdn U.S. Closed-End Funds Announce Distribution Payment Details
PHILADELPHIA, PA / ACCESSWIRE / October 9, 2024 / PHILADELPHIA, PA / ACCESSWIRE / October 9, 2024 / The following abrdn U.S. Closed-End Funds (NYSE:ACP, AGD, AOD, ASGI, AWP, THQ, THW and NYSE American:FAX, FCO, VFL), announced today that the closed end funds in the chart directly below will pay the distributions indicated on a per share basis on October 31, 2024 to all shareholders of record as of October 24, 2024 (ex-dividend date October 24, 2024). Ticker Exchange Fund Amount ACP NYSE abrdn Income Credit Strategies Fund $ 0.1000 AGD NYSE abrdn Global Dynamic Dividend Fund $ 0.1200 AOD NYSE abrdn Total Dynamic Dividend Fund $ 0.1000 ASGI NYSE abrdn Global Infrastructure Income Fund $ 0.2100 AWP NYSE abrdn Global Premier Properties Fund $ 0.0400 FAX NYSE American abrdn Asia-Pacific Income Fund, Inc. $ 0.1650 FCO NYSE American abrdn Global Income Fund, Inc. $ 0.0700 THQ NYSE abrdn Healthcare Opportunities Fund $ 0.1800 THW NYSE abrdn World Healthcare Fund $ 0.1167 VFL NYSE American abrdn National Municipal Income Fund $ 0.0500 At the end of each calendar year, a Form 1099-DIV will be sent to shareholders, which will state the amount and composition of each fund's distributions and provide information with respect to their appropriate tax treatment for the prior calendar year.
Positive
Seeking Alpha
3 months ago
ACP: 18% Yield, 3% Discount
The abrdn Income Credit Strategies Fund (ACP) offers an 18.60% yield and trades at a discount to NAV, making it an attractive high-yield investment. ACP primarily invests in below-investment-grade debt across various industries and regions, aiming for high current income and capital appreciation. ACP's recent performance has outpaced its historical averages and benchmark index, with a stable monthly distribution and may offer a favorable tax deferral advantage from ROC.
Neutral
Business Wire
3 months ago
abrdn and First Trust Announce Closing of Reorganizations of Certain First Trust Advised Funds With abrdn U.S. Closed-End Funds
PHILADELPHIA & WHEATON, Ill.--(BUSINESS WIRE)--abrdn Income Credit Strategies Fund (NYSE: ACP) (“ACP”) and abrdn Global Infrastructure Income Fund (NYSE: ASGI) (each, an “Acquiring Fund”) announce today the completed reorganizations, after close of regular business on September 20, 2024, of First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) and Macquarie/First Trust Global Infrastructure/ Utilities Dividend & Income Fund (NYSE: MFD) (each, an “Acquired Fund”). In the reorganizatio.
Neutral
Accesswire
4 months ago
abrdn Global Infrastructure Income Fund ("ASGI") and abrdn Income Credit Strategies Fund ("ACP") Announce Distribution Payment Details
PHILADELPHIA, PA / ACCESSWIRE / September 10, 2024 / The abrdn Global Infrastructure Income Fund (NYSE:ASGI) and the abrdn Income Credit Strategies Fund (NYSE:ACP), announced today that each closed end fund will pay the distributions indicated in the chart below on a per share basis on September 30, 2024, to all shareholders of record as of September 20, 2024 (ex-dividend date September 20, 2024). Ticker Exchange Fund Amount ACP NYSE abrdn Income Credit Strategies Fund $ 0.1000 ASGI NYSE abrdn Global Infrastructure Income Fund $ 0.2100 Please note that shareholders of the Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE: MFD) and the First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) will not be shareholders of record of the ASGI or ACP respectively until September 23, 2024, so those shareholders will not receive this September distribution.
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