ACP: 15%+ Yield, 6% Discount
Portfolio Pulse from
The abrdn Income Credit Strategies Fund (ACP) is facing a Sell recommendation due to its dividend cut, underperformance compared to peers, and market pressures, despite a significant increase in net investment income and reduction in net losses.
January 13, 2025 | 2:30 pm
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ACP is recommended as a Sell due to its dividend cut and underperformance relative to peers, despite a 63% increase in net investment income and a 65% reduction in net losses.
The Sell recommendation is driven by ACP's dividend cut and underperformance compared to the Morningstar US CEF Senior Loans category. These factors outweigh the positive news of increased net investment income and reduced net losses, suggesting potential short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100