Abrdn Income Credit Strategies Fund lends to companies through a portfolio dominated by lower-rated corporate debt. Borrower interest is its main income engine, while credit losses and borrowing costs can change what reaches common shareholders.
Business
High-yield credit CEF
Listing
ACP · New York Stock Exchange
Reporting period
2026-04-30
Dividend schedule
Monthly
How the business works
The six-month report shows recurring net investment income from credit holdings after fund costs. Leverage can add earning assets, but it also brings financing expense and magnifies losses when loans weaken.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.22
Nov 1, 2025 to Apr 30, 2026
$0.00$0.22
Distribution yield14.19%Sourced distributions divided by dated market priceReported annual income yield8.80%Reported net investment income $0.4900 per share for 2024-11-01 to 2025-10-31, divided by approved 2025-10-31 market price $5.5700. Excludes capital gains; historical, not a current yield or forecast.Reported annual investment income$0.49Per share for 2025 FY. Excludes investment gains.Annual dividend$0.66Current regular payment annualized per share
Dividend payment history
Date or month
Per share
Sep 30, 2026
$0.055
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
How to read ACP income
Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.
Watch defaults, interest-rate changes and expenses. Income can hold up while falling bond or loan values reduce NAV.
Income and distributions
Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.
Fund net investment income per common share; actual reporting period, not annualized$0.2200
$0.00$0.30
For the six months ended April 30, 2026, ACP reported $0.22 of net investment income per common share and $0.47 of common distributions. The matching-period gap means income alone did not account for all cash paid. Read realized results and NAV alongside it.
Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
The portfolio information checked September 11, 2026 reports effective leverage of 32.53%.
Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.
Abrdn Income Credit Strategies Fund reported $0.2200 per share for 2025-11-01 through 2026-04-30, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Losses or weaker cash generation in below-investment-grade corporate debt can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Check the next like-for-like income and distribution totals, then look at borrower credit, financing costs and NAV for what changed.
Net asset value (NAV)
NAV per share$5.08Sep 29, 2026Market price$4.50Sep 29, 2026PREMIUM / DISCOUNT TO NAV11.42% discountCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
Check the next like-for-like income and distribution totals, then look at borrower credit, financing costs and NAV for what changed.
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U.S. federal · Tax year 2025
Dividend tax treatment
The company classifies $0.93 per common share for tax year 2025: $0.47430 ordinary nonqualified dividends and $0.45570 return of capital. No qualified dividends or capital-gain distributions are reported.
Ordinary, nonqualified
51%
Qualified dividends
0%
Capital-gain distributions
0%
Return of capital
49%
Tax year: 2025. Total distributions: $0.93 per share.
Tax details and source
Total ordinary dividends (includes qualified)
51%
Section 199A portion (within ordinary dividends)
0%
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
2026-01-22
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
