Abrdn Income Credit Strategies Fund (ACP) to Issue Monthly Dividend of $0.08 on January 12th

Abrdn Income Credit Strategies Fund (NYSE:ACP) declared a monthly dividend on Tuesday, December 9th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.0775 per share by the investment management company on Monday, January 12th. This represents a c) annualized dividend and a dividend yield of 17.2%. The ex-dividend date of this dividend is Wednesday, December 31st.

Abrdn Income Credit Strategies Fund Stock Up 0.1%

Abrdn Income Credit Strategies Fund stock opened at $5.41 on Thursday. The stock has a 50-day moving average price of $5.51 and a 200 day moving average price of $5.76. Abrdn Income Credit Strategies Fund has a 52 week low of $4.92 and a 52 week high of $6.28.

Hedge Funds Weigh In On Abrdn Income Credit Strategies Fund

Hedge funds have recently bought and sold shares of the business. WPG Advisers LLC acquired a new position in Abrdn Income Credit Strategies Fund in the 1st quarter valued at $34,000. BNP Paribas Financial Markets purchased a new stake in Abrdn Income Credit Strategies Fund in the 3rd quarter valued at $37,000. Bank of America Corp DE increased its stake in shares of Abrdn Income Credit Strategies Fund by 354.9% in the 3rd quarter. Bank of America Corp DE now owns 6,651 shares of the investment management company’s stock worth $39,000 after acquiring an additional 5,189 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Abrdn Income Credit Strategies Fund in the 2nd quarter worth $40,000. Finally, Advisory Services Network LLC purchased a new position in shares of Abrdn Income Credit Strategies Fund during the 3rd quarter worth $42,000.

About Abrdn Income Credit Strategies Fund

Abrdn Income Credit Strategies Fund is a closed-ended fixed income fund launched and managed by Aberdeen Asset Managers Limited. It is co-managed by Aberdeen Standard Investments Inc The fund invests in fixed income markets across the globe. It seeks to invest primarily in loan and debt instruments. Abrdn Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.