abrdn Income Credit Strategies Fund cuts monthly distribution to $0.055 a share - ACP News | Ralliesabrdn Income Credit Strategies Fund cuts monthly distribution to $0.055 a share
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ACP• Fund lowers monthly payout
- abrdn Income Credit Strategies Fund cut its monthly distribution to USD 0.055 a share from USD 0.0775.
- New rate starts with the distribution payable Sept. 30, 2026.
- Shareholders of record Sept. 22, 2026 receive the payout; ex-dividend date is Sept. 22, 2026.
- Revised payout implies an annualized distribution rate of about 12.5% of NAV as of Sept. 10, 2026.
- Fund expects to keep the new monthly distribution level for at least 12 months.
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