abrdn Fund Declares $0.328125 Preferred and $0.0775 Common Dividends
abrdn Income Credit Strategies Fund declared a $0.328125 distribution on 5.25% Series A perpetual preferred shares, payable March 31 to shareholders of record March 20. It also set a $0.0775 per share dividend on common fund units, payable March 31 to record shareholders March 24.
1. Preferred Share Distribution
The Board of Trustees approved a cash distribution of $0.328125 per share on its 5.25% Series A perpetual preferred shares, maintaining the annual dividend rate of $1.3125. The payment date is March 31, with shareholders of record as of the ex-dividend date on March 20 eligible for the distribution.
2. Common Share Distribution
The Fund’s common closed-end units will receive a $0.0775 per share dividend, payable March 31 to shareholders of record March 24. Distribution sources may include net investment income, realized capital gains or return of capital, with final tax characterization determined at fiscal year end.