abrdn Income Credit Strategies Fund cuts monthly distribution to $0.055 per share from $0.0775
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ACP• Fund lowers monthly payout
abrdn Income Credit Strategies Fund cut its monthly distribution to $0.055 per share from $0.0775.The new payout starts with the distribution payable Sept. 30, 2026.Shareholders of record Sept. 22, 2026 will receive it; the ex-dividend date is Sept. 22, 2026.The revised payout implies an annualized rate of about 12.5% of net asset value as of Sept. 10, 2026.The fund expects to maintain the new distribution level for at least 12 months, barring significant market changes.•
abrdn Income Credit Strategies Fund cuts monthly distribution to $0.055 per share from $0.0775 - ACP News | Rallies