ACP: Massive Yield Is Tempting, But Not Worth The Tradeoff [Seeking Alpha]
abrdn Income Credit Strategies Fund Common Shares (ACP)
US:NYSE Investor Relations:
aberdeenacp.com
Company Research
Source: Seeking Alpha
Follow Summary ACP offers a high yield of 18.7%, but its historical performance shows significant capital erosion and multiple distribution cuts since inception. The fund's portfolio, mainly below investment grade debt, is highly vulnerable to interest rate changes, leading to inconsistent earnings and increased default risk. Despite trading at a discount to NAV, ACP's poor long-term performance and reliance on return of capital make it an unattractive investment. Net investment income and realized gains have not consistently covered the annual distributions to shareholders. The distribution relies on heavy use of return of capital. J Studios Overview As a dividend investor, it can be difficult not to be tempted by some of those astronomically large yields. The abrdn Income Credit Strategies Fund ( NYSE: ACP ) offers one of those tempting yields that currently sits at 18.7%. However, I've come to learn that these higher yields come at a cost tradeoff that is usually n
Show less
Read more
Impact Snapshot
Event Time:
ACP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ACP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ACP alerts
High impacting abrdn Income Credit Strategies Fund Common Shares news events
Weekly update
A roundup of the hottest topics
ACP
News
- 'Finally Able to Retire' – Dividend Investor Earning $5,130 Per Month on $622K Investment Shares Portfolio: Top 9 Stocks, ETFs [Yahoo! Finance]Yahoo! Finance
- abrdn Asia-Pacific Income Fund VCC Announces Monthly DistributionAccesswire
- abrdn U.S. Closed-End Funds Announce Distribution Payment DetailsAccesswire
- abrdn National Municipal Income Fund Announces the Results of Annual Meeting of ShareholdersAccesswire
- abrdn U.S. Closed-End Funds Announce Distribution Payment DetailsAccesswire
ACP
Sec Filings
- 11/6/24 - Form SC
- 11/1/24 - Form SCHEDULE
- 10/25/24 - Form SC
- ACP's page on the SEC website