Aberdeen Income Credit Strategies Fund

abrdn Income Credit Strategies Fund, operates as a global credit, non diversified and closed-end management investment company. It intends to seek risk-adjusted returns with high current income and the potential for capital appreciation. The company was founded on October 12, 2010 and is headquartered in Philadelphia, PA.

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.

ACP: This High Yield Credit CEF Is Starting To Look Interesting After The Recent Distribution Cut

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.

abrdn Income Credit Strategies Fund (ACP) Announces Change to Monthly Distribution Expected to be Maintained for at Least the Next 12 Months

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.

ACP: 18% Yield, 3% Discount

Aberdeen Standard Global Infr Inc Fd

First Trust / Aberdeen Global Opportunity Income Fund

Macquarie/ First Trust Global Infrastructure/ Utilities Dividend & Income Fund

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.

abrdn and First Trust Announce Closing of Reorganizations of Certain First Trust Advised Funds With abrdn U.S. Closed-End Funds

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.

abrdn Global Infrastructure Income Fund ("ASGI") and abrdn Income Credit Strategies Fund ("ACP") Announce Distribution Payment Details

ACP offers a high yield of 18.7%, but its historical performance shows significant capital erosion and multiple distribution cuts since inception. The fund's portfolio, mainly below investment grade debt, is highly vulnerable to interest rate changes, leading to inconsistent earnings and increased default risk. Despite trading at a discount to NAV, ACP's poor long-term performance and reliance on return of capital make it an unattractive investment.

ACP: Massive Yield Is Tempting, But Not Worth The Tradeoff

Aberdeen Asia-Pacific Income Fund Inc

Nuveen Preferred & Income Term Fund

We review the CEF market valuation and performance through the fourth week of August and highlight recent market action. CEFs had a strong week, with most sectors finishing in the green, supported by lower Treasury yields. PIMCO Muni CEF coverage has increased - an expected outcome of its ARPS retirement. However, the size of the boost looks overdone.

CEF Weekly Review: Reverse Splits Are Never A Good Sign

PHILADELPHIA, PA / ACCESSWIRE / August 22, 2024 / The Board of Trustees of abrdn Income Credit Strategies Fund (NYSE:ACP) ("ACP" or the "Acquiring Fund"), previously announced that shareholders of First Trust/abrdn Global Opportunity Income Fund (NYSE:FAM) ("FAM" or the "Acquired Fund"), advised by First Trust Advisors L.P., have approved the proposed reorganization into ACP ("Reorganization") and today announces that the Reorganization is expected to close at the close of business on September 20, 2024, or as soon as practicable thereafter, subject to the satisfaction of customary closing conditions.

abrdn Income Credit Strategies Fund Announces Closing Date for Acquisition of Assets From First Trust/abrdn Global Opportunity Income Fund

Aberdeen Japan Equity Fund Inc

Vanguard Total World Stock ETF

Few people pay much attention to the management team of a closed-end fund (CEF). But it's becoming a much more critical factor driving CEF upside (and downside!

Steer Clear Of These 16 High Yield CEFs

PHILADELPHIA, PA / ACCESSWIRE / July 26, 2024 / The Board of Trustees of abrdn Income Credit Strategies Fund (NYSE:ACP), announces today that shareholders of First Trust/abrdn Global Opportunity Income Fund (NYSE:FAM) ("FAM" or the "Acquired Fund") advised by First Trust Advisors L.P. have approved the proposed reorganization into ACP ("Reorganization") which is targeted to be completed before the end of September or as soon as practicable thereafter, subject to the satisfaction of customary closing conditions.

abrdn Income Credit Strategies Fund Announces Update and Tentative Closing Date for Acquisition of Assets From First Trust/abrdn Global Opportunity Income Fund

First Trust High Income Long/Short Fund

PHILADELPHIA & WHEATON, Ill.--(BUSINESS WIRE)--abrdn Income Credit Strategies Fund (NYSE: ACP) (“ACP” or the “Acquiring Fund”) and First Trust High Income Long/Short Fund (NYSE: FSD) (“FSD” or the “Acquired Fund”) announce today the completed reorganization of the Acquired Fund with the Acquiring Fund after close of regular business on July 19, 2024. In the reorganization, common shareholders of FSD received an amount of ACP common shares with a net asset value equal to the aggregate net asset.

abrdn Income Credit Strategies Fund (ACP) and First Trust High Income Long/short Fund (FSD) Announce Closing of Reorganization

PHILADELPHIA, PA and WHEATON, IL / ACCESSWIRE / July 22, 2024 / abrdn Income Credit Strategies Fund (NYSE:ACP) ("ACP" or the "Acquiring Fund") and First Trust High Income Long/Short Fund (NSYE:FSD) ("FSD" or the "Acquired Fund") announce today the completed reorganization of the Acquired Fund with the Acquiring Fund after close of regular business on July 19, 2024. In the reorganization, common shareholders of FSD received an amount of ACP common shares with a net asset value equal to the aggregate net asset value of their holdings of FSD common shares, as determined at the close of regular business on July 19, 2024.

abrdn Income Credit Strategies Fund (ACP) and First Trust High Income Long/Short Fund (FSD) Announce Closing of Reorganization

PHILADELPHIA, PA / ACCESSWIRE / July 9, 2024 / The Board of Trustees of abrdn Income Credit Strategies Fund (NYSE:ACP) ("ACP" or the "Acquiring Fund") previously announced that shareholders of First Trust High Income Long/Short Fund (NYSE:FSD) ("FSD" or the "Acquired Fund"), advised by First Trust Advisors L.P., have approved the proposed reorganization into ACP ("Reorganization") and today announces that the Reorganization is expected to close at the close of business on July 19, 2024, subject to the satisfaction of customary closing conditions.

abrdn Income Credit Strategies Fund Announces Closing Date for Acquisition of Assets From First Trust High Income Long/Short Fund and Announces Distribution Payment Details

ACP offers one of the highest annual yields in my Income Compounder portfolio, trading near par with an 18% yield. Bank disintermediation is creating opportunities in private credit, benefiting global credit markets and ACP shareholders. ACP's distribution history is consistent, with potential mergers and reorganizations expected to benefit shareholders in terms of scale and liquidity.

ACP: I Love This 18% Yielding Global Credit Fund, And It's About To Get Even Better

AGNC Investment

ARMOUR Residential REIT

Franklin Resources

Chevron

Eagle Point Credit

EPR Properties

Yieldmax Meta Option Income Strategy Etf

Oxford Lane Capital

Pfizer

Ready Capital Corp

Sirius XM Holdings Inc

AT&T

Triplepoint Venture Growth BDC

TotalEnergies SE

Verizon

Prior to May 31, 2024, my Readers mentioned 37 equities in their comments on my articles. Some bad-news investments (Rogues) mixed with (mostly) Favorites. Thus, readers commented about the ReFa/Ro. Ten analyst-target-estimated top net gain ReFa/Ro: T, VZ, PFE, BEN, EPR, CVX, FBY, TTE, ORC, and RC averaged 23.58% net gains from reader data collected 6/14/24. Ten analyst-target-augured May top price upside reader faves & rogues (ReFa/Ro) were: O, ORI, EPR, T, VZ, PFE, BEN, RC, CVX & TTE, boasting a 16.05% average target price upside estimate.

Readers Identify 29 Ideal May Dividend Buys

WILMINGTON, N.C.--(BUSINESS WIRE)-- #ACP--The Alliance of Comprehensive Planners (ACP), a community of tax-focused, fiduciary financial advisors who provide comprehensive wealth building strategies for their clients on a commission-free retainer basis, recently shared additional details of their upcoming 2024 ACP Annual Conference, which will take place October 8th-11th, 2024 at Hyatt Regency's Riverfront Hotel in Savannah, Georgia. The ACP expects over 100 members to attend this year's conference – i.

Alliance of Comprehensive Planners (ACP) Shares Details on 2024 Annual Conference

The abrdn Income Credit Strategies Fund has one of the highest yields among fixed-income funds, leading to speculation about the sustainability of its distribution. The fund's performance compared to the global bond index suggests potential concerns about its ability to sustain its distribution. The fund's asset allocation and leverage ratio are in line with its strategy and peers, and its geographic diversification is a bit better than most global funds.

ACP: Strained Distribution, But Okay If You Can Handle The Risk

PHILADELPHIA, PA / ACCESSWIRE / May 31, 2024 / The Board of Trustees of abrdn Income Credit Strategies Fund (NYSE:ACP), announces today that shareholders of First Trust High Income Long/Short Fund (NYSE:FSD) ("FSD" or the "Acquired Fund") advised by First Trust Advisors L.P. have approved the proposed reorganization into ACP ("Reorganization") which is targeted to be completed before the end of July or as soon as practicable thereafter, subject to the satisfaction of customary closing conditions.

abrdn Income Credit Strategies Fund Announces Update and Tentative Closing Date for Acquisition of Assets From First Trust High Income Long/Short Fund

Diana Shipping

Invesco Mortgage Capital

Medical Properties Trust

Orchid Island Capital

TCP Capital

TPG RE Finance Trust

Dividends provide a regular cash flow from your investments beyond just stock growth.

Want $3,000 In Passive Income? Invest $2,000 Into These 8 Dividend Stocks

AFC Gamma

Berry Petroleum Corp.

Fidus Investment

Gladstone Investment

Global Net Lease

CVR Partners

Dividend stocks are super important for wealth building. They offer two benefits: cash payouts from company profits (dividends) and stock growth.

Want $3,000 In Passive Income? Invest $1,000 Into These 15 Dividend Stocks

Comcast

PHILADELPHIA--(BUSINESS WIRE)--Comcast Launches NOW – a New Brand and Product Portfolio that Redefines Low-Cost Internet, Mobile and TV.

Comcast Launches NOW – a New Brand and Product Portfolio that Redefines Low-Cost Internet, Mobile and TV

Ares Commercial Real Estate

CION Investment Corp

Ellington Financial

Granite Point Mortgage Trust

KKR Real Estate Finance Trust

Two Harbors Investment

CVR Partners, LP (NYSE: UAN) manufactures and supplies nitrogen fertilizer products like ammonia and urea ammonium nitrate for agricultural and industrial uses.

Want 3000 In Passive Income? Invest 750 Into These 22 Dividend Stocks

BlackRock Energy and Resources Trust

Many dividend stocks have a high yield, allowing you to make substantial income.

Want 6000 In Passive Income? Invest 3000 Into These 12 Dividend Stocks

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.

ACP: Credit As Good As It Gets (Rating Downgrade)

Goldman Sachs BDC

To reach this amount of income, it's important to invest in ultra-yield dividends.

News for Aberdeen Income Credit Strategies Fund ETF (ACP)