Aberdeen Income Credit Strategies Fund: Recent Weakness Represents A Buying Opportunity [Seeking Alpha]
abrdn Income Credit Strategies Fund Common Shares (ACP)
US:NYSE Investor Relations:
aberdeenacp.com
Company Research
Source: Seeking Alpha
Aberdeen Income Credit Strategies Fund: Recent Weakness Represents A Buying Opportunity Summary ACP is a leveraged closed end fund that invests in high-yield debt securities with a focus on generating a high level of income. Discount to NAV has widened in recent weeks based on dynamics from rights offering announcement but now represents better value for potential investors. Fund pays a monthly distribution and the current yield is 12.7%. Outlook for corporate credit is discussed. Aberdeen Credit Strategies Fund Source: Finviz.com Fund Background There are a number of moving parts to the fund strategy that is largely focused on high-yield bonds otherwise known as "junk bonds." While the term may sound condescending, it includes debt holdings from well-known publicly traded firms like Royal Bank of Scotland (NYSE: RBS GM RAD NFLX We like the sector diversification of ACP although the portfolio is relatively concentrated among 100 issuers. The fund has a 24.5% weighting towards financi
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News
- abrdn Income Credit Strategies Fund (ACP) Announces Change to Monthly Distribution Expected to be Maintained for at Least the Next 12 Months [Yahoo! Finance]Yahoo! Finance
- Abrdn Income Credit Strategies Fund 5.25% Series A Perpetual Preferred Shares Declare Quarterly Dividend Accesswire
- abrdn Income Credit Strategies Fund (ACP) Announces Change to Monthly Distribution Expected to be Maintained for at Least the Next 12 MonthsAccesswire
- abrdn U.S. Closed-End Funds Announce Distribution Payment DetailsAccesswire
- 'Finally Able to Retire' – Dividend Investor Earning $5,130 Per Month on $622K Investment Shares Portfolio: Top 9 Stocks, ETFs [Yahoo! Finance]Yahoo! Finance
ACP
Sec Filings
- 12/20/24 - Form 3
- 12/20/24 - Form 3
- 11/6/24 - Form SC
- ACP's page on the SEC website