Abrdn Income Credit Strategies Fund Announces Quarterly Dividend for Series A Perpetual Preferred Shares

The Board of Trustees of abrdn Income Credit Strategies Fund has declared a quarterly cash distribution for its 5.250% Series A Perpetual Preferred Shares. Shareholders of record as of March 22, 2024, will receive a distribution of $0.328125 per share on April 1, 2024. The ex-dividend date is set for March 21, 2024. These shares, trading under the symbol "ACP PRA" on the NYSE and rated "A2" by Moody's, were issued at $25.00 per share in May 2021.

Distributions might include income beyond ordinary income, such as different types of capital gains or return of capital. The exact composition for tax purposes will be clarified with a Form 1099-DIV in January 2025. This announcement does not reflect the Fund's overall investment performance. Abrdn operates in the United States under several registered investment advisers, focusing on various investment opportunities.

Closed-end funds like the abrdn Income Credit Strategies Fund offer investors potential returns through market-traded shares. However, the value of these shares can fluctuate, sometimes trading at a premium or discount relative to the fund's net asset value.