Avenue Income Credit Strategies Fund is a closed-ended fixed income fund launched and managed by Aberdeen Asset Managers Limited. It is co-managed by Aberdeen Standard Investments Inc. The fund invests in fixed income markets across the globe. It seeks to invest primarily in loan and debt instruments. Avenue Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.
IPO Year: 2011
Exchange: NYSE
Website: aberdeenacp.com/
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PHILADELPHIA, PA / ACCESSWIRE / September 10, 2024 / The abrdn Global Infrastructure Income Fund (NYSE:ASGI) and the abrdn Income Credit Strategies Fund (NYSE:ACP), announced today that each closed end fund will pay the distributions indicated in the chart below on a per share basis on September 30, 2024, to all shareholders of record as of September 20, 2024 (ex-dividend date September 20, 2024).TickerExchangeFundAmountACPNYSEabrdn Income Credit Strategies Fund$ 0.1000ASGINYSEabrdn Global Infrastructure Income Fund$ 0.2100Please note that shareholders of the Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) and the First Trust/abrdn Global Opportunity I
PHILADELPHIA, PA / ACCESSWIRE / September 10, 2024 / The Board of Trustees of abrdn Income Credit Strategies Fund (the "Fund"), has declared a cash distribution of $0.328125 per share of the Fund's 5.250% Series A Perpetual Preferred Shares (NYSE:ACP) ("Series A Preferred Shares"). The distribution is payable on September 30, 2024, to holders of Series A Preferred Shares of record on September 20, 2024 (ex-dividend date September 20, 2024).The Series A Preferred Shares trade on the NYSE under the symbol "ACP PRA", are rated "A2" by Moody's Investors Service and have an annual dividend rate of $1.3125 per share. The Series A Preferred Shares were issued on May 10, 2021, at $25.00 per share an
PHILADELPHIA, PA / ACCESSWIRE / August 29, 2024 / The Board of Trustees of abrdn Total Dynamic Dividend Fund (NYSE:AOD) ("AOD"), announces that shareholders of First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) ("FGB"), advised by First Trust Advisors L.P., did not attain a 1940 Act quorum at its adjourned special meeting of shareholders on August 29, 2024 and therefore there were insufficient votes to pass the proposed reorganization proposal.Important InformationIn the United States, abrdn is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited. and abrdn Asia Limited.The information in this press rele
PHILADELPHIA, PA / ACCESSWIRE / August 22, 2024 / The Board of Trustees of abrdn Income Credit Strategies Fund (NYSE:ACP) ("ACP" or the "Acquiring Fund"), previously announced that shareholders of First Trust/abrdn Global Opportunity Income Fund (NYSE:FAM) ("FAM" or the "Acquired Fund"), advised by First Trust Advisors L.P., have approved the proposed reorganization into ACP ("Reorganization") and today announces that the Reorganization is expected to close at the close of business on September 20, 2024, or as soon as practicable thereafter, subject to the satisfaction of customary closing conditions.To facilitate the Reorganization, it is expected that all shares of FAM will cease trading o
PHILADELPHIA, PA / ACCESSWIRE / August 19, 2024 / abrdn Asia-Pacific Income Fund, Inc. (NYSE:FAX) (the "Fund"), a closed-end fund, announced today that the Fund's Board of Directors approved a 1-for-6 reverse stock split of the Fund's common stock.The Fund anticipates completing a 1-for-6 reverse stock split prior to the open of trading on the New York Stock Exchange (the "NYSE") on September 9, 2024, for common stockholders of record as of the close of business on September 6, 2024. Trading in shares of the Fund's common stock on a split-adjusted basis is expected to begin at the open of trading on the NYSE on September 9, 2024. Shares of the Fund's common stock will continue trading on the
PHILADELPHIA, PA / ACCESSWIRE / August 9, 2024 / The following abrdn U.S. Closed-End Funds (NYSE:ACP)(NYSE:ASGI)(NYSE:AWP)(NYSE:HQH)(NYSE:HQL)(NYSE:IFN)(NYSE:JEQ)(NYSE:THQ)(NYSE:THW)(NYSE:FAX)(NYSE:FCO)(NYSE:IAF)(NYSE:VFL), announced today that the closed end funds in the chart directly below will pay the distributions indicated on a per share basis on August 30, 2024 to all shareholders of record as of August 23, 2024 (ex-dividend date August 23, 2024). These dates apply to the Funds listed below with the exception of the abrdn Healthcare Investors (HQH), the abrdn Life Sciences Investors (HQL), the abrdn Australia Equity Fund, Inc. (IAF), the India Fund, Inc. (IFN) and the abrdn Japan Equi
TORONTO, ON / ACCESSWIRE / August 9, 2024 / abrdn Asia-Pacific Income Investment Fund VCC (TSX:FAP)(UEN: T21VC0235H) (the "Company"), a closed-end investment company trading on the Toronto Stock Exchange, announced today that it will pay a monthly distribution of CAD 1.75 cents per share on August 30, 2024 to all shareholders of record as of August 23, 2024 (ex-dividend date August 23, 2024).The policy of the Company's Board of Directors is to maintain a stable monthly distribution. For the 12 months to July 31, 2024, the Company has paid total distributions amounting to CAD 21.0 cents per ordinary share.As a Singapore domiciled company, all distribution payments will be treated as foreign i
PHILADELPHIA, PA / ACCESSWIRE / July 31, 2024 / The abrdn U.S. Closed-End Funds (NYSE:ASGI)(NYSE:THQ)(NYSE:THW), (the "Funds" or individually the "Fund"), today announced that the Funds paid the distributions noted in the table below on July 31, 2024, on a per share basis to all shareholders of record as of July 24, 2024 (ex-dividend date July 24, 2024).TickerExchangeFundAmountASGINYSEabrdn Global Infrastructure Income Fund$0.2000THQNYSEabrdn Healthcare Opportunities Fund$0.1800THWNYSEabrdn World Healthcare Fund$0.1167Each Fund has adopted a distribution policy to provide investors with a stable distribution out of current income, supplemented by realized capital gains and, to the extent nec
PHILADELPHIA, PA / ACCESSWIRE / July 26, 2024 / The Board of Trustees of abrdn Income Credit Strategies Fund (NYSE:ACP), announces today that shareholders of First Trust/abrdn Global Opportunity Income Fund (NYSE:FAM) ("FAM" or the "Acquired Fund") advised by First Trust Advisors L.P. have approved the proposed reorganization into ACP ("Reorganization") which is targeted to be completed before the end of September or as soon as practicable thereafter, subject to the satisfaction of customary closing conditions.To facilitate the Reorganization, all shares of FAM will cease trading on the New York Stock Exchange as of date to be announced in the coming weeks and FAM shareholders will be issued
abrdn Income Credit Strategies Fund (NYSE:ACP) ("ACP" or the "Acquiring Fund") and First Trust High Income Long/Short Fund (NYSE:FSD) ("FSD" or the "Acquired Fund") announce today the completed reorganization of the Acquired Fund with the Acquiring Fund after close of regular business on July 19, 2024. In the reorganization, common shareholders of FSD received an amount of ACP common shares with a net asset value equal to the aggregate net asset value of their holdings of FSD common shares, as determined at the close of regular business on July 19, 2024. Relevant details pertaining to the reorganization are as follows: Acquiring Fund Website for additional informat
PHILADELPHIA, PA / ACCESSWIRE / June 7, 2023 / abrdn Japan Equity Fund, Inc. (the "Fund") (NYSE:JEQ) announced today that William Maher has been appointed to the Board of Directors of the Fund as a Class III Director effective June 6, 2023. William Maher has also been appointed as a member of the Audit Committee and the Nominating and Corporate Governance Committee.As stated in the press release issued on May 25, 2023, Mr. P. Gerald Malone resigned as a Director of the Board of Directors of the Fund effective May 25, 2023. The Board of Directors would like to extend their sincere gratitude to Mr. Malone and acknowledge the valuable contributions he has made to the Fund during his tenure.Impo
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SC 13G/A - Aberdeen Income Credit Strategies Fund (0001503290) (Subject)
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3 - abrdn Income Credit Strategies Fund (0001503290) (Issuer)
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3 - abrdn Income Credit Strategies Fund (0001503290) (Issuer)
3 - abrdn Income Credit Strategies Fund (0001503290) (Issuer)
3 - abrdn Income Credit Strategies Fund (0001503290) (Issuer)
3 - abrdn Income Credit Strategies Fund (0001503290) (Issuer)
3 - abrdn Income Credit Strategies Fund (0001503290) (Issuer)
3 - abrdn Income Credit Strategies Fund (0001503290) (Issuer)
3 - abrdn Income Credit Strategies Fund (0001503290) (Issuer)
PHILADELPHIA, PA / ACCESSWIRE / September 10, 2024 / The abrdn Global Infrastructure Income Fund (NYSE:ASGI) and the abrdn Income Credit Strategies Fund (NYSE:ACP), announced today that each closed end fund will pay the distributions indicated in the chart below on a per share basis on September 30, 2024, to all shareholders of record as of September 20, 2024 (ex-dividend date September 20, 2024).TickerExchangeFundAmountACPNYSEabrdn Income Credit Strategies Fund$ 0.1000ASGINYSEabrdn Global Infrastructure Income Fund$ 0.2100Please note that shareholders of the Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) and the First Trust/abrdn Global Opportunity I
PHILADELPHIA, PA / ACCESSWIRE / September 10, 2024 / The Board of Trustees of abrdn Income Credit Strategies Fund (the "Fund"), has declared a cash distribution of $0.328125 per share of the Fund's 5.250% Series A Perpetual Preferred Shares (NYSE:ACP) ("Series A Preferred Shares"). The distribution is payable on September 30, 2024, to holders of Series A Preferred Shares of record on September 20, 2024 (ex-dividend date September 20, 2024).The Series A Preferred Shares trade on the NYSE under the symbol "ACP PRA", are rated "A2" by Moody's Investors Service and have an annual dividend rate of $1.3125 per share. The Series A Preferred Shares were issued on May 10, 2021, at $25.00 per share an
PHILADELPHIA, PA / ACCESSWIRE / August 29, 2024 / The Board of Trustees of abrdn Total Dynamic Dividend Fund (NYSE:AOD) ("AOD"), announces that shareholders of First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) ("FGB"), advised by First Trust Advisors L.P., did not attain a 1940 Act quorum at its adjourned special meeting of shareholders on August 29, 2024 and therefore there were insufficient votes to pass the proposed reorganization proposal.Important InformationIn the United States, abrdn is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited. and abrdn Asia Limited.The information in this press rele
PHILADELPHIA, PA / ACCESSWIRE / August 9, 2024 / The following abrdn U.S. Closed-End Funds (NYSE:ACP)(NYSE:ASGI)(NYSE:AWP)(NYSE:HQH)(NYSE:HQL)(NYSE:IFN)(NYSE:JEQ)(NYSE:THQ)(NYSE:THW)(NYSE:FAX)(NYSE:FCO)(NYSE:IAF)(NYSE:VFL), announced today that the closed end funds in the chart directly below will pay the distributions indicated on a per share basis on August 30, 2024 to all shareholders of record as of August 23, 2024 (ex-dividend date August 23, 2024). These dates apply to the Funds listed below with the exception of the abrdn Healthcare Investors (HQH), the abrdn Life Sciences Investors (HQL), the abrdn Australia Equity Fund, Inc. (IAF), the India Fund, Inc. (IFN) and the abrdn Japan Equi
TORONTO, ON / ACCESSWIRE / August 9, 2024 / abrdn Asia-Pacific Income Investment Fund VCC (TSX:FAP)(UEN: T21VC0235H) (the "Company"), a closed-end investment company trading on the Toronto Stock Exchange, announced today that it will pay a monthly distribution of CAD 1.75 cents per share on August 30, 2024 to all shareholders of record as of August 23, 2024 (ex-dividend date August 23, 2024).The policy of the Company's Board of Directors is to maintain a stable monthly distribution. For the 12 months to July 31, 2024, the Company has paid total distributions amounting to CAD 21.0 cents per ordinary share.As a Singapore domiciled company, all distribution payments will be treated as foreign i
PHILADELPHIA, PA / ACCESSWIRE / July 31, 2024 / The abrdn U.S. Closed-End Funds (NYSE:ASGI)(NYSE:THQ)(NYSE:THW), (the "Funds" or individually the "Fund"), today announced that the Funds paid the distributions noted in the table below on July 31, 2024, on a per share basis to all shareholders of record as of July 24, 2024 (ex-dividend date July 24, 2024).TickerExchangeFundAmountASGINYSEabrdn Global Infrastructure Income Fund$0.2000THQNYSEabrdn Healthcare Opportunities Fund$0.1800THWNYSEabrdn World Healthcare Fund$0.1167Each Fund has adopted a distribution policy to provide investors with a stable distribution out of current income, supplemented by realized capital gains and, to the extent nec
PHILADELPHIA, PA / ACCESSWIRE / July 9, 2024 / The Board of Trustees of abrdn Income Credit Strategies Fund (NYSE:ACP) ("ACP" or the "Acquiring Fund") previously announced that shareholders of First Trust High Income Long/Short Fund (NYSE:FSD) ("FSD" or the "Acquired Fund"), advised by First Trust Advisors L.P., have approved the proposed reorganization into ACP ("Reorganization") and today announces that the Reorganization is expected to close at the close of business on July 19, 2024, subject to the satisfaction of customary closing conditions.To facilitate the Reorganization, it is expected that all shares of FSD will cease trading on the New York Stock Exchange as of market close on Frid
PHILADELPHIA, PA / ACCESSWIRE / July 5, 2024 / The India Fund, Inc. ("IFN") (the "Fund"), today announced that the Fund paid the distribution noted in the table below on July 5, 2024, on a per share basis to all shareholders of record as of May 30, 2024 (ex-dividend date May 30, 2024).TickerExchangeFundAmountIFNNYSEThe India Fund, Inc.$0.4500The Fund has adopted a distribution policy to provide investors with a stable distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.For the India Fund, Inc. (IFN) the stock distribution was automatically paid in newly issued shares of the Fund unless otherwise instructed by the shareholde
ANNOUNCES MONTHLY DISTRIBUTIONTORONTO, ON / ACCESSWIRE / June 11, 2024 / abrdn Asia-Pacific Income Investment Fund VCC (TSX:FAP) (UEN:T21VC0235H) (the "Company"), a closed-end investment company trading on the Toronto Stock Exchange, announced today that it will pay a monthly distribution of CAD 1.75 cents per share on June 28, 2024 to all shareholders of record as of June 21, 2024 (ex-dividend date June 21, 2024).The policy of the Company's Board of Directors is to maintain a stable monthly distribution. For the 12 months to May 31, 2024, the Company has paid total distributions amounting to CAD 21.0 cents per ordinary share.As a Singapore domiciled company, all distribution payments will b
PHILADELPHIA, PA / ACCESSWIRE / June 11, 2024 / The Board of Trustees of abrdn Income Credit Strategies Fund (the "Fund"), has declared a cash distribution of $0.328125 per share of the Fund's 5.250% Series A Perpetual Preferred Shares (NYSE:ACP) ("Series A Preferred Shares"). The distribution is payable on July 1, 2024, to holders of Series A Preferred Shares of record on June 21, 2024 (ex-dividend date June 21, 2024).The Series A Preferred Shares trade on the NYSE under the symbol "ACP PRA", are rated "A2" by Moody's Investors Service and have an annual dividend rate of $1.3125 per share. The Series A Preferred Shares were issued on May 10, 2021, at $25.00 per share and pay distributions q
Monday marks the last chance for investors to receive the next dividend payout from abrdn Inc Credit Strat (NYSE:ACP). What's Happening The company announced on Wednesday that it would pay shareholders a monthly dividend of 10 cents per share. On Tuesday, abrdn Inc Credit Strat will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 10 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own ACP as of the end of Monday's session are eligible to receive the 10 cents
Wednesday marks the last chance for investors to receive the next dividend payout from abrdn Inc Credit Strat (NYSE:ACP). What's Happening The company announced on Tuesday that it would pay shareholders a monthly dividend of 10 cents per share. On Thursday, abrdn Inc Credit Strat will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 10 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own ACP as of the end of Wednesday's session are eligible to receive the 10
Friday marks the last chance for investors to receive the next dividend payout from abrdn Inc Credit Strat (NYSE:ACP). What's Happening The company announced on Wednesday that it would pay shareholders a monthly dividend of 10 cents per share. On Monday, abrdn Inc Credit Strat will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 10 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own ACP as of the end of Friday's session are eligible to receive the 10 cents d
On Friday morning, 446 companies hit new 52-week lows. Noteworthy Points From Today's 52-Week Lows: Taiwan Semiconductor (NYSE:TSM) was the largest, in terms of market cap, to set a new 52-week low. The smallest company on a market cap basis to set a new 52-week low was SenesTech (NASDAQ:SNES). Kala Pharmaceuticals (NASDAQ:KALA) saw the largest move of the companies, as shares plummetted 3720.0% to hit a new 52-week low. Japan Smaller (NYSE:JOF) was the biggest winner of the bunch, with shares actually trading up 0.0% after it rebounded from its new 52-week low. Stocks dropping to new 52-week lows on Friday: Taiwan Semiconductor (NYSE:TSM) shares made a new 52-week low of $62.
On Tuesday, 456 stocks hit new 52-week lows. Noteable 52-Week Lows: Visa (NYSE:V) was the largest firm on a market cap basis to set a new 52-week low. The company with the smallest market cap to set a new 52-week low was FedNat Holding (NASDAQ:FNHC). InMed Pharmaceuticals (NASDAQ:INM) shares dropped the most, trading down 35.93% to reach its new 52-week low. Tricon Residential (NYSE:TCN)'s shares had the biggest turnaround, impressively rebounding 0.0% after reaching a new 52-week low. The following stocks set new 52-week lows on Tuesday: Visa (NYSE:V) stock drifted up 0.12% on Tuesday morning to hit a new 52-week low of $179.85. JPMorgan Chase (NYSE:JPM) stock drifted down 0
Monday saw 825 companies set new 52-week lows. Key Facts About Today's 52-Week Lows: Visa (NYSE:V) was the largest firm on a market cap basis to set a new 52-week low. The company with the smallest market cap to set a new 52-week low was Mobilicom (NASDAQ:MOB). Color Star Technology (NASDAQ:CSCW) shares dropped the most, trading down 3070.81% to reach its new 52-week low. Skillsoft (NYSE:SKIL) was the biggest winner of the bunch, with shares actually trading up 0.0% after it rebounded from its new 52-week low. On Monday, the following stocks hit new 52-week lows: Visa (NYSE:V) shares made a new 52-week low of $181.63 on Monday. The stock was down 0.94% for the day. Oracle (NY
Wednesday marks the last chance for investors to receive the next dividend payout from abrdn Income Credit (NYSE:ACP). What's Happening The company announced on Tuesday that it would pay shareholders a monthly dividend of 10 per share. On Thursday, abrdn Income Credit will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 10 lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own ACP as of the end of Wednesday's session are eligible to receive the 10 dividend payout f
During Monday's session, 77 companies made new 52-week lows. Noteworthy Mentions In Today's 52-Week Lows: Energy Co of Minas Gerais (NYSE:CIG) was the largest company by market cap to set a new 52-week low. ThermoGenesis Holdings (NASDAQ:THMO) is the smallest company on a market cap basis to set a new 52-week low. Pagaya Technologies (NASDAQ:PGY)'s stock made the biggest move downwards, diving 13.71% to reach a new 52-week low. SeaSpine Holdings (NASDAQ:SPNE) shares were the most resilient of the group, as shares actually moved up 0.02% in response to hitting its 52-week low. Here is a list of stocks that set new 52-week lows on Monday: Pagaya Technologies (NASDAQ:PGY) stock h
Monday marks the last chance for investors to receive the next dividend payout from Aberdeen Income Credit (NYSE:ACP). What's Happening The company announced on Thursday that it would pay shareholders a monthly dividend of 1 cents per share. On Tuesday, Aberdeen Income Credit will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 1 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own ACP as of the end of Monday's session are eligible to receive the 1 cents div
During Monday's trading, 1214 companies set new 52-week lows. Facts of Interest About Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was Microsoft (NASDAQ:MSFT). Quoin Pharmaceuticals (NASDAQ:QNRX) was the smallest company by market cap to set a new 52-week low. DexCom (NASDAQ:DXCM)'s stock fell the most, as it traded down 76.5% to reach a new 52-week low. La Jolla Pharmaceutical (NASDAQ:LJPC)'s stock made the biggest bounce back, actually moving up 0.0% shortly after hitting a new 52-week low. On Monday, the following stocks broke to new 52-week lows: Bank of America (NYSE:BAC) stock hit a yearly low of $31.99. The stock was down 3.01% for th