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

The Board of Trustees of abrdn Income Credit Strategies Fund has declared a cash distribution of $0.328125 per share for its 5.250% Series A Perpetual Preferred Shares (NYSE: ACP PRA). This dividend is payable on July 1, 2024, to shareholders of record on June 21, 2024, with the ex-dividend date set for the same day.

Trading under the symbol "ACP PRA" on the NYSE, these shares are rated "A2" by Moody's and offer an annual dividend rate of $1.3125 per share. Issued on May 10, 2021, at $25.00 per share, they disburse dividends quarterly.

Distributions may derive from various income sources, including net realized short-term capital gains, long-term capital gains, and return of capital. Actual amounts will be detailed in Form 1099-DIV to be sent to shareholders in January 2025, reflecting 2024 tax implications.

Investors are advised that the distribution amount does not indicate the Fund's investment performance. Additionally, closed-end funds like this one are subject to market fluctuations and may trade at a premium or discount to their net asset value.