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ACP divy cut PHILADELPHIA, Sept. 10, 2020 /PRNewswire/

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Scotttrader80   Sunday, 09/13/20 01:00:38 PM
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ACP divy cut PHILADELPHIA, Sept. 10, 2020 /PRNewswire/ -- Aberdeen Income Credit Strategies Fund (NYSE: ACP) (the "Fund"), a closed-end fund, announced today that it has reduced its monthly distribution from US $0.12 per share to $0.10 per share, commencing with the distribution payable on September 30, 2020 to shareholders of record as of September 21, 2020 (ex-dividend date September 18, 2020). The Fund believes this remains an attractive distribution yield on the share price as of August 31, 2020 of 11.96% in comparison with other peer group high yield closed end funds and global high yield index yield of 5.40%.

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