Reit Todd Buys 2,000 Shares in abrdn Income Credit Strategies Fund at $5.82/Share.

Thursday, Sep 25, 2025 1:29 pm ET1min read

The abrdn Income Credit Strategies Fund (ACP) has recently announced a transaction involving Director Reit Todd. On September 23, 2025, Todd acquired 2,000 shares of the fund at a price of $5.82 per share.

The abrdn Income Credit Strategies Fund (ACP) has declared a quarterly dividend of $0.328125 per share for its 5.250% Series A Perpetual Preferred Shares, payable on September 30, 2025. The distribution is for shares of record as of September 22, 2025, and the ex-dividend date is also September 22, 2025 ABRDN INCOME CREDIT STRATEGIES FUND 5.25% SERIES A PERPETUAL PREFERRED SHARES DECLARE QUARTERLY DIVIDEND[1].

The Series A Preferred Shares, traded under the symbol "ACP PRA" on the NYSE, have an annual dividend rate of $1.3125 per share and were issued on May 10, 2021, at $25.00 per share. These shares are rated "A2" by Moody's Investors Service and pay distributions quarterly. The actual amounts and sources of distributions may vary depending on the Fund's investment experience and tax regulations. A Form 1099-DIV will be sent to shareholders in January 2026, detailing the distributions and their tax treatment for the 2025 calendar year ABRDN INCOME CREDIT STRATEGIES FUND 5.25% SERIES A PERPETUAL PREFERRED SHARES DECLARE QUARTERLY DIVIDEND[1].

In related news, Director Reit Todd acquired 2,000 shares of the fund on September 23, 2025, at a price of $5.82 per share. This acquisition is a strategic move by Todd, who is likely seeking to capitalize on the fund's steady dividend performance and the potential for future capital appreciation ABRDN INCOME CREDIT STRATEGIES FUND 5.25% SERIES A PERPETUAL PREFERRED SHARES DECLARE QUARTERLY DIVIDEND[1].

Investors are reminded that the value of shares in closed-end funds can fluctuate, and there is no guarantee that the fund will achieve its investment objectives. Past performance does not guarantee future results ABRDN INCOME CREDIT STRATEGIES FUND 5.25% SERIES A PERPETUAL PREFERRED SHARES DECLARE QUARTERLY DIVIDEND[1].

Reit Todd Buys 2,000 Shares in abrdn Income Credit Strategies Fund at $5.82/Share.

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