on Abrdn Income Credit Strategies Fund 5.25% Series A Perpetual Preferred Shares (NASDAQ:ACP)
Quarterly Dividend Announced for Abrdn Series A Preferred Shares
The Board of Trustees of abrdn Income Credit Strategies Fund has announced a cash distribution of $0.328125 per share for its 5.25% Series A Perpetual Preferred Shares (NYSE: ACP PRA). The dividend will be distributed on December 31, 2024, for shareholders on record as of December 20, 2024.
The Series A Preferred Shares, which trade on the NYSE, hold a Moody's rating of "A2", and offer an annual dividend yield of $1.3125 per share. These shares were initially issued at $25.00 each, with quarterly dividend payments.
The dividends may be sourced from varied income channels, including capital gains and return of capital. The detailed tax breakdown for 2024 dividends will be provided to shareholders in January 2025 via Form 1099-DIV.
Investors are reminded not to infer the fund's performance based solely on the distribution amounts, as market values fluctuate and past results are not indicative of future outcomes.
R. E.
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