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Sell (1.00 out of 4)
100th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, April 19, 5:10 PM
Slide #80. Aberdeen Income Credit Strategies Fund — Preferred Stock Offering
| Company: |
Aberdeen Income Credit Strategies Fund (NYSE:ACP) |
| Date announced: |
5/3/2021 |
| Shares Offered: |
1,600,000 |
| Date of Pricing: |
5/3/2021 |
| Price Per Share: |
$25.00 |
| Preferred Stock Offering Details: |
Aberdeen Income Credit Strategies Fund (NYSE: ACP) (the "Fund"), today announced that it has priced an underwritten public offering of 1,600,000 shares of 5.25% Series A Perpetual Preferred Shares (the "Preferred Shares") at a public offering price of $25 per share, which will result in net proceeds to the Fund of approximately $38.2 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Fund. |
Abrdn Income Credit Strategies Fund is registered as a diversified, closed-end management investment company. The Fund's primary investment objective is to seek a high level of current income, with a secondary objective of capital appreciation. Preferred: ACP.PRA
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