abrdn Income Credit Strategies Fund Preferred Stock Declares Quarterly Dividend of $0.3281

abrdn Income Credit Strategies Fund 5.250% Series A Perpetual Preferred Stock (ACP.PR.A) has declared a $0.3281/share quarterly dividend, in line with the previous declaration. The forward yield is 6.32%. The dividend is payable on June 30 and will be recorded for shareholders of record on June 20. The stock will be ex-dividend on June 20.

The abrdn Income Credit Strategies Fund has announced a quarterly dividend of $0.328125 per share for its 5.250% Series A Perpetual Preferred Shares (NYSE: ACP PRA). This distribution, payable on June 30, 2025, will be recorded for shareholders of record on June 20, 2025, with the ex-dividend date falling on June 20, 2025 [1].

The Series A Preferred Shares, which are rated "A2" by Moody's Investors Service, offer an annual dividend rate of $1.3125 per share. The fund's forward yield stands at 6.32%, which is in line with the previous declaration. The distributions may be paid from various sources, including net realized short-term and long-term capital gains and return of capital [1].

The dividend declaration follows a pattern of quarterly distributions, with the shares issued on May 10, 2021, at $25.00 per share. Investors should note that the actual amounts and sources of the distributions for tax reporting purposes will be detailed in a Form 1099-DIV sent to shareholders in January 2026 [1].

Investment in closed-end funds involves risks, including the potential for the fund's investment return and principal value to fluctuate. Shares of closed-end funds may trade at a premium or discount to their net asset value (NAV) and there is no assurance that the fund will achieve its investment objectives [1].

References:
[1] https://markets.ft.com/data/announce/detail?dockey=600-202506101617PR_NEWS_USPRX____PH07425-1