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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., May. 8, 6:51 AM

Slide #6. Aberdeen Income Credit Strategies Fund Secondary 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
Secondary 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.

Aberdeen 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.
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Aberdeen Income Credit Strategies Fund
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