ACP

abrdn Income Credit Strategies Fund
ACP

$6.48

0%

Market Cap: 338M

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 6,702 funds

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Analysts bullish %

0

News positive %

of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

18% less funds holding

Funds holding: 51 [Q4 2023] → 42 (-9) [Q1 2024]

20.12% less ownership

Funds ownership: 55.42% [Q4 2023] → 35.3% (-20.12%) [Q1 2024]

37% less capital invested

Capital invested by funds: $49.3M [Q4 2023] → $31.3M (-$18M) [Q1 2024]

41% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 17

60% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 15

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Research analyst outlook

We haven’t received any recent analyst ratings for ACP.

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Financial journalist opinion

Based on 4 articles about ACP published over the past 30 days

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

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

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

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

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

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

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

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

Readers Identify 29 Ideal May Dividend Buys

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

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

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

abrdn U.S. Closed-End Funds Announce Distribution Payment Details

PHILADELPHIA, PA / ACCESSWIRE / June 11, 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 June 28, 2024 to all shareholders of record as of June 21, 2024 (ex-dividend date June 21, 2024). Ticker Exchange Fund Amount ACP NYSE abrdn Income Credit Strategies Fund $ 0.1000 AEF NYSE American Abrdn Emerging Market Equity Income Fund, Inc. $ 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 $ 0.2100 AWP NYSE abrdn Global Premier Properties Fund $ 0.0400 FAX NYSE American Abrdn Asia-Pacific Income Fund, Inc. $ 0.0275 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 $ 0.0450 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.

abrdn U.S. Closed-End Funds Announce Distribution Payment Details

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

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

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

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

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