Aberdeen Income Credit Strategies Fund (NYSE: ACP)
Aims to seek a high level of current income with a secondary objective of capital appreciation.
The Fund seeks to achieve its investment objectives by opportunistically investing primarily in loan and debt instruments (and loan-related or debt-related instruments, including repurchase and reverse repurchase agreements and derivative instruments) of issues that operate in a variety of industries and geographic regions.
Ticker symbol ACP (NYSE)
Gross Expense Ratio* 3.49%
Net Expense Ratio* 2.24%
*as of 10/31/2018
** as of 01/31/2019
*** as of 05/09/2019
Gross assets** $234.8 Million
Net assets** $168.0 Million
Shares outstanding** 13,074,072
Fiscal year endedOctober 31
Market Distribution Rate*** 11.63%
NAV Distribution Rate*** 10.95%
If a Fund estimates that it has distributed more than its income and capital gains in the current fiscal year, a portion of its distribution may be a return of capital. A return of capital may occur, for example, when some or all of a shareholder’s investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect a Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. Although the character of income will not be determined until the end of the Fund’s fiscal year, please refer to the Announcements section of the Closed End Fund website for Section 19 notices that provide estimated amounts and sources of the Fund’s distributions, which should not be relied upon for tax reporting purposes. A Form 1099-div for the calendar year will be sent to shareholders to illustrate how the Fund’s distributions should be reported for federal income tax purposes. Distribution rates are not guaranteed and will fluctuate with market conditions. Distribution Rates represent the latest declared regular distribution, annualized, relative to the market price and NAV as of ex-dividend date. Special distributions, including special capital gains distributions, are not included in the calculation.
International investing entails special risk considerations, including currency fluctuations, lower liquidity, economic and political risks, and differences in accounting methods; these risks are generally heightened for emerging market investments. Fixed income securities are subject to certain risks including, but not limited to: interest rate (changes in interest rates may cause a decline in the market value of an investment), credit (changes in the financial condition of the issuer, borrower, counterparty, or underlying collateral), prepayment (debt issuers may repay or refinance their loans or obligations earlier than anticipated), and extension (principal repayments may not occur as quickly as anticipated, causing the expected maturity of a security to increase).