Aberdeen Income Credit Price, Forecast, Insider, Ratings, Fundamentals & Signals

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Philadelphia, pa / accesswire / april 9, 2024 / the following abrdn u.s. closed-end funds (nyse:acp, agd, aod, asgi, awp, thq, thw and nyse american:aef, 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 april 30, 2024 to all shareholders of record as of april 23, 2024 (ex-dividend date april 22, 2024). ticker exchange fund amount acp nyse abrdn income credit strategies fund $ 0.1000 agd nyse abrdn global dynamic dividend fund $ 0.0650 aod nyse abrdn total dynamic dividend fund $ 0.0575 asgi nyse abrdn global infrastructure income fund $ 0.1500 awp nyse abrdn global premier properties fund $ 0.0400 fax nyse american abrdn asia-pacific income fund, inc...

Philadelphia, pa / accesswire / march 11, 2024 / the following abrdn u.s. closed-end funds (nyse:acp, agd, aod, asgi, awp, thq, thw)(nyse american:aef, 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 28, 2024 to all shareholders of record as of march 21, 2024 (ex-dividend date march 20, 2024). ticker exchange fund amount acp nyse abrdn income credit strategies fund $ 0.1000 agd nyse abrdn global dynamic dividend fund $ 0.0650 aef nyse american abrdn emerging markets equity income fund, inc. $ 0.0900 aod nyse abrdn total dynamic dividend fund $ 0.0575 asgi nyse abrdn global infrastructure income fund $ 0...

This release provides an update to the performance tables regarding the iaf estimated amounts of current distribution per share and estimated amounts of fiscal year to date cumulative distributions per share philadelphia, pa / accesswire / february 13, 2024 / the following abrdn u.s. closed-end funds (nyse:acp),(nyse:agd),(nyse:aod),(nyse:asgi),(nyse:awp),(nyse:ifn),(nyse:jeq) and (nyse american:fax),(nyse american:fco),(nyse american:iaf),(nyse american:thw),(nyse american: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 29, 2024 to all shareholders of record as of february 22, 2024 (ex-dividend date february 21, 2024)...

Philadelphia, pa / accesswire / january 19, 2024 / abrdn income credit strategies fund (nyse:acp) (the "acquiring fund") announced that it held a special meeting of shareholders on january 19, 2024 (the "meeting") at which shareholders of the acquiring fund voted to approve the issuance of additional shares of acp in connection with the proposed reorganization of the first trust-advised closed-end funds, as noted below. as of the record date, october 23, 2023, acp had outstanding 52,109,950 shares of common stock and 1,600,000 shares of outstanding preferred stock.

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The ACP fund has performed well, delivering 22% in total returns in the past year based on dual tailwinds of tighter credit and lower long-term interest rates. The ACP fund also pays an attractive 17.3% forward yield. However, the sustainability of the fund's distributions is a concern, as it has historically under-earned its distribution, with 2.0% p.a. returns over 10 years.

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I am an income-oriented investor focused on high-yield closed-end funds and ETFs to compound returns in retirement. Income investing requires picking investments that provide a steady distribution, rather than trying to time the market.

We provide an update for the PIMCO CEF suite. Coverage for PIMCO CEFs saw marginal declines for Muni funds and remained nearly flat for taxable funds. Borrowing and leverage levels remained fairly steady.

The abrdn Income Credit Strategies Fund has a high distribution rate of over 17%, but it is not fully covered by income generated from the fund. ACP charges a high management fee and has a history of risk-adjusted underperformance. The fund's current 3.3% discount to NAV is not attractive relative to historical norms and other CEF discounts.

Abrdn Asset Management is acquiring several closed-end investment companies advised by First Trust Advisors, increasing its assets under management. The abrdn Income Credit Strategies Fund is set to acquire the First Trust High Income Long/Short Fund, with the merger subject to shareholder approval. The market currently values ACP more positively than FSD, with ACP trading at a -6% discount to NAV compared to FSD's -13% discount.

The abrdn Income Credit Strategies Fund offers a high level of current income with a 17.14% distribution yield. The fund's net assets have been declining, but it has not altered its distribution and has released a semi-annual report. The fund has been rising in share price over the past three months, indicating improved market perception, but it is no longer trading at a discount on net asset value.

Investors today are desperate for income due to the rapidly rising cost of living in most developed nations. abrdn Income Credit Strategies Fund invests in a portfolio of bonds from around the world in an attempt to provide investors with this high level of income. The fund's portfolio is very nice for American investors that need to increase their foreign exposure.

ACP.PA is a Series A preferred equity from the Abrdn Income Credit Strategies Fund. The CEF preferred equity represents a fixed term funding structure that accounts for leverage in the vehicle. While technically 'equity', preferred shares represent a slice of debt in reality, and benefit from the structural subordination of the common equity.