ACP - abrdn Income Credit Strategies Fund

What this means for you

No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. Nov 3, 2025

   The fund said it may sell new shares.

   Original document →

2. Aug 1, 2025

   The fund said it may sell new shares.

   Original document →

About this fund

• Run by abrdn Investments Limited. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Size: about $709 million of holdings, as of April 30, 2026. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 32% on top of its own money, as of April 30, 2026. Borrowed money makes gains and losses bigger. About 42% of that is money the fund has borrowed by selling preferred shares. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.7% a year in management fees; 3.9% a year in total, including interest on borrowed money. Fiscal year ended Oct 31, 2025. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Oct 31, 2025) the fund paid $0.95 a share. $0.49 of that was income; $0.46 was your own money back, not income. As of Oct 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Oct 31, 2025): $5.89. The shares traded at $5.57, about 5.4% below that. As of Oct 31, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap ranged from 11% below to 2.3% above. As of April 30, 2026, from the fund's annual report. Original document →
• How the holdings did: up 1.6% over the last three months we have (Feb-April 2026), before the share price is taken into account. Over the last 12 months: +14.5%. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Oct 31, 2025): the value of the holdings returned +5.8%. How the share price did: the shares returned +0.7% over the same year, counting payouts and the change in the market price. As of Oct 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 2010.

What the fund holds

Mostly bonds (95%), the rest cash and short-term holdings and loans. About 35% issued in the U.S.

1. Cash and short-term - 3.7%
2. Enquest PLC - 5.7%
3. Very Grp Funding Plc/The, Very Group Funding Plc/The - 3%
4. Project Grand UK PLC - 2.5%
5. 888 Acquisitions - 2.4%
6. Summer Bidco Bv - 2.3%
7. Affinity Interactive - 2.2%
8. Laboratoire Eimer Selas - 2.1%
9. Sherwood Financing PLC - 2.1%
10. Virgin Media O2 Ven Fin, Virgin Media O2 Vendor Financing Notes VIII DAC - 2.1%

As of April 30, 2026, from the fund's quarterly holdings report. Original document →