Avenue Income Credit Strategies Fund (ACP)
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KIO Looks Appealing At A Fully Covered 7.60% Yield
Aberdeen Income Credit Strategies Fund Declares Quarterly Dividend for Its 5.25% Series a Perpetual Preferred Shares2021-09-10 16:24
PHILADELPHIA, PA / ACCESSWIRE / September 10, 2021 / The Board of Trustees of Aberdeen Income Credit Strategies Fund (the "Fund"), has declared a cash distribution of $0.328125 per share of the Fund's 5.250% Series A Perpetual Preferred Shares (NYSE: ACP PRA) ("Series A Preferred Shares"). The distribution is payable on September 30, 2021 to holders of Series A Preferred Shares of record on September 20, 2021 (ex-dividend date September 17, 2021).
Only funds with yields over 7%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.
ACP is a closed end fund that invests in global high yield.
Only funds with yields over 6.50%, coverage higher than 80% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.
Imagine a stock or fund that paid out its dividends once a month! Instead of quarterly, semi-annually, or (ugh) annually, your anticipatory-angst waiting for money is reduced by 300% or more. The August U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net gains include 1. Stocks by-yield (89); 2. Stocks by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by-yield >6.70% (80).
The major equity indices had their worst week since early January - mostly on inflation concerns and a hawkish FOMC that signaled an increase in rates may come sooner than expected. On Friday, stocks took another leg lower after St. Louis Fed President James Bullard said that he expects the Fed's first rate hike in late 2022.
ACP's rights offering concludes in a success for managers.
Aberdeen Standard Investments Inc. Announces Director Appointment and Director Resignation for US Funds2021-06-23 18:00
PHILADELPHIA, PA / ACCESSWIRE / June 23, 2021 / Aberdeen Standard Investments Inc.: ABERDEEN ASIA-PACIFIC INCOME FUND, INC. (NYSE AMERICAN:FAX) ABERDEEN AUSTRALIA EQUITY FUND, INC.
Aberdeen Income Credit Strategies Fund Announces Issuance of Shares After Completion of Rights Offering2021-06-23 16:47
PHILADELPHIA, PA / ACCESSWIRE / June 23, 2021 / Aberdeen Income Credit Strategies Fund (NYSE:ACP) (the 'Fund'), a closed-end fund, announced today, in furtherance to its press release dated June 17, 2021, the issuance of shares in connection with the successful completion of its transferable rights offering (the 'Offer'). The Offer commenced on May 20, 2021 and expired on June 16, 2021 (the 'Expiration Date').