abrdn Income Credit Strategies Fund common shares

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ABRDN INCOME CREDIT STRATEGIES FUND ANNOUNCES "AT-THE-MARKET" EQUITY OFFERING PROGRAM
Prnewswireยท 2025-08-01 20:47
Group 1 - The abrdn Income Credit Strategies Fund has filed a prospectus supplement with the SEC to potentially offer and sell common shares with an aggregate offering price of up to $75 million through at-the-market offerings [1] - The Fund will not sell shares below the current net asset value (NAV) and proceeds from any sales are anticipated to be used for investment purposes [2] - The Fund is a diversified, closed-end management investment company that seeks a high level of current income with a secondary objective of capital appreciation [7] Group 2 - The Fund's shares may be offered directly or through designated agents, underwriters, or dealers, with specific terms outlined in the prospectus supplement [3] - Investors can access the Fund's documents for free on the Fund's website or the SEC's website [4] - The NAV of the Fund will fluctuate with the value of underlying securities, and closed-end funds often trade at a discount to their NAV [6][9]