ACP: Credit As Good As It Gets (Rating Downgrade) [Seeking Alpha]
abrdn Income Credit Strategies Fund Common Shares (ACP)
US:NYSE Investor Relations:
aberdeenacp.com
Company Research
Source: Seeking Alpha
The ACP fund also pays an attractive 17.3% forward yield. However, the sustainability of the fund's distributions is a concern, as it has historically under-earned its distribution, with 2.0% p.a. returns over 10 years. I would take advantage of 'as good as it gets' credit conditions and sell the fund here. Back at the end of 2022, I reviewed the abrdn Income Credit Strategies Fund ( NYSE: ACP ). Although the ACP fund paid a very attractive 17%+ distribution yield, I was cautious on the strategy as I worried the fund's distribution was not sustainable given the earnings power of the asset class. However, since my article, the ACP fund has actually performed very well, delivering 22% in total returns and proving me wrong in the past year (Figure 1). What did I get wrong and has my views changed on the ACP fund given its recent performance? Brief Fund Overview First, for those not familiar with the abrdn Income Credit Strategies Fund, the ACP fund has a broad mandate of del
Show less
Read more
Impact Snapshot
Event Time:
ACP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ACP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ACP alerts
High impacting abrdn Income Credit Strategies Fund Common Shares news events
Weekly update
A roundup of the hottest topics
ACP
News
- abrdn Asia-Pacific Income Fund VCC Announces Monthly DistributionAccesswire
- abrdn U.S. Closed-End Funds Announce Distribution Payment DetailsAccesswire
- abrdn Asia-Pacific Income Fund VCC Announces Pricing of 2024 Voluntary Cash RedemptionAccesswire
- abrdn Asia-Pacific Income Fund VCC Announces Monthly DistributionAccesswire
- abrdn Income Credit Strategies Fund 5.25% Series A Perpetual Preferred Shares Declares Quarterly Dividend Accesswire
ACP
Sec Filings
- 4/8/24 - Form DEF
- 3/25/24 - Form NPORT-P
- 3/18/24 - Form NPORT-P/A
- ACP's page on the SEC website