abrdn Income Credit Strategies Fund (ACP) Announces Change to Monthly Distribution Expected to be Maintained for at Least the Next 12 Months
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abrdn Income Credit Strategies Fund (ACP) has announced a reduction in its monthly distribution from 10 cents to 7.75 cents per share, effective January 2025. This change lowers the annualized distribution rate from 18% to 14% based on the NAV as of December 9, 2024.
December 10, 2024 | 9:30 pm
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abrdn Income Credit Strategies Fund (ACP) has reduced its monthly distribution from 10 cents to 7.75 cents per share, effective January 2025. This change decreases the annualized distribution rate from 18% to 14% based on NAV as of December 9, 2024.
The reduction in monthly distribution indicates a decrease in the yield for investors, which may lead to a negative short-term impact on ACP's stock price as income-focused investors may seek higher yields elsewhere.
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IMPORTANCE 80
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