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 7,398 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
91% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 11
48% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 31
6% more funds holding
Funds holding: 117 [Q3] → 124 (+7) [Q4]
2.66% more ownership
Funds ownership: 23.49% [Q3] → 26.15% (+2.66%) [Q4]
1% more capital invested
Capital invested by funds: $195M [Q3] → $196M (+$1.05M) [Q4]
100% less funds holding in top 10
Funds holding in top 10: 1 [Q3] → 0 (-1) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for ACP.
Financial journalist opinion
Based on 3 articles about ACP published over the past 30 days
Neutral
Seeking Alpha
4 days ago
ACP: Turning Point Could Be Approaching But I'm Still Cautious (Rating Upgrade)
ACP has continued to experience price declines amidst the higher interest rate environment. However, we are at a turning point where things can start to improve. ACP trades at a significant discount to NAV; concerns remain about credit market outlook and sustainability of distributions. The fund's portfolio is diverse but lacks tech exposure and relies heavily on consumer-facing investments, posing risks in high inflation and tariff uncertainty.
Neutral
Accesswire
3 weeks ago
abrdn U.S. Closed-End Funds Announce Distribution Payment Details
PHILADELPHIA, PA / ACCESS Newswire / March 11, 2025 / 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 March 31, 2025 to all shareholders of record as of March 25, 2025 (ex-dividend date March 25, 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 $ 0.1900 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 FCO's shares are currently trading at a premium to net asset value.
Neutral
Seeking Alpha
3 weeks ago
CEF Distribution Coverage: What To Worry About And What Not To Worry About
Closed-end funds are ideal for investors prioritizing steady cash income over capital gains, benefiting from buying at discounts and institutional leverage terms. Distribution "coverage" is critical. But it can be complicated trying to determine what is actually sufficient versus insufficient coverage.
Neutral
Accesswire
1 month ago
abrdn U.S. Closed-End Funds Announce Distribution Payment Details
PHILADELPHIA, PA / ACCESS Newswire / February 11, 2025 / 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 February 28, 2025 to all shareholders of record as of February 21, 2025 (ex-dividend date February 21, 2025). 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 March 31, 2025 to all shareholders of record as of February 21, 2025 (ex-dividend date February 21, 2025).
Positive
Forbes
2 months ago
Wall Street Is Missing The Boat On These Monthly Dividends
What's better than monthly dividends that add up to 7.2% to 15.4% yearly yields?
Neutral
Seeking Alpha
2 months ago
Aberdeen Or 'abrdn' - Either Way The Coverage Looks A Bit Thin
Closed-end funds offer unique advantages, like buying at discounts and leveraging with institutionally priced debt, making them ideal income-generating vehicles. Cash distributions are key contributors to total return, but it is essential to be sure they are actually covered by fund earnings. Some investors overly prioritize distribution yields, neglecting the importance of considering total return as a whole.
Neutral
Seeking Alpha
2 months 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
2 months 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
2 months 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 months 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.
Charts implemented using Lightweight Charts™