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JQC - Aberdeen Income Credit Strategies - Hardly A 'Senior Loan' Fund
Nuveen Credit Strategies Income Fund Shares of Beneficial Interest
Aberdeen Income Credit Strategies Fund (ACP) has a high distribution yield of 14.36%, sells at a discount to its net asset value ((NAV)) of 3.37%, and has managed to come back from a 50% drop in price back in March to a current total return loss on the year of only about 3%. That's a pretty attractive story.
It stacks up especially well to other funds in the senior secured loan category, where ACP has been listed for many years. Typical senior loan closed-end funds, of which we own several in our "Widow & Orphan"