
Taxable Bonds
ACP: 29% Distribution Cut, But Still A Coverage Gap
abrdn Income Credit Strategies Fund cut its monthly distribution by 29%, from $0.0775 to $0.055 per share, and expects to keep the new rate for at least 12 months. Even after the cut, net investment income covers only about 68% of the distribution, up from 48% before. ACP's disco
Seeking Alpha · Oct 5 · 13:03 UTC ↗
ACP · Taxable Bonds
