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The latest update is out from Aberdeen Income Credit Strategies Fund of Benef Interest ( (ACP) ).
On December 18, 2025, abrdn Income Credit Strategies Fund entered into a securities purchase agreement for a private placement of 4,000,000 Series A Mandatorily Redeemable Preferred Shares, each with a $25 liquidation preference and maturing on December 18, 2030, generating gross proceeds of $100 million for the fund. On the same date, the fund adopted a Statement of Preferences that formally established and fixed the rights and preferences of these preferred shares, authorizing the full 4,000,000-share issuance, a step that strengthens its capital structure and provides additional financing capacity for its income-focused credit investment strategy.
More about Aberdeen Income Credit Strategies Fund of Benef Interest
abrdn Income Credit Strategies Fund is a closed-end management investment company listed on the NYSE under the ticker ACP, focused on income-oriented credit strategies through a diversified portfolio of fixed-income and credit securities.
Average Trading Volume: 630,421
See more insights into ACP stock on TipRanks’ Stock Analysis page.