News
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COMMUNIQUÉ DE PRESSE
abrdn Income Credit Strategies Fund 5.25% Series A Perpetual Preferred Shares Declares Quarterly Dividend
abrdn Income Credit Strategies Fund declares cash distribution of $0.328125 per share for Series A Preferred Shares. Details on dividend payout and tax implications provided -
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COMMUNIQUÉ DE PRESSE
abrdn Income Credit Strategies Fund (ACP) Announces Results of the Special Shareholder Meeting Relating to Proposed Reorganization with Two First Trust-Advised Closed-End Funds
The press release announces that abrdn Income Credit Strategies Fund (NYSE:ACP) has received shareholder approval for the issuance of additional shares in connection with the proposed reorganization of First Trust-advised closed-end funds. The special meeting of shareholders resulted in a vote in favor of the proposal, and reorganizations are expected to be completed in the first quarter of 2024, subject to customary closing conditions. Closed-end funds are traded on the secondary market through stock exchanges, and past performance does not guarantee future results. -
COMMUNIQUÉ DE PRESSE
abrdn U.S. Closed End Funds Announce Distribution Payment Details
abrdn U.S. Closed-End Funds (NYSE:ACP)(NYSE:AGD)(NYSE:AOD)(NYSE:ASGI)(NYSE:AWP) and (NYSE American:FAX)(NYSE American:FCO)(NYSE American:THQ)(NYSE American:THW)(NYSE American:VFL) announce the distributions to be paid on January 31, 2024, to shareholders of record as of January 24, 2024. These funds have adopted a distribution policy to provide investors with a stable distribution out of current income, supplemented by realized capital gains. Shareholders are reminded that the amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes, and a Form 1099-DIV will be sent to shareholders after year-end. The press release also provides information on the estimated sources of the distributions and the Funds' total return performance based on net asset value (NAV) over various time periods compared to the Funds' annualized and cumulative distribution rates. Shareholders are advised not to draw any conclusions about a Fund's investment performance from the amount of the Fund's current distributions or the terms of the Distribution Policy. The press release also includes a Circular 230 disclosure regarding U.S. tax advice and a disclaimer on closed-end fund investments. For more information, visit the abrdn U.S. Closed-End Funds website.
