OXLC - ACP: I Love This 18% Yielding Global Credit Fund And It's About To Get Even Better
2024-06-26 12:29:44 ET
Summary
- ACP offers one of the highest annual yields in my Income Compounder portfolio, trading near par with an 18% yield.
- Bank disintermediation is creating opportunities in private credit, benefiting global credit markets and ACP shareholders.
- ACP's distribution history is consistent, with potential mergers and reorganizations expected to benefit shareholders in terms of scale and liquidity.
One of my high yield income holdings in my Income Compounder portfolio that currently offers one of the highest annual yields in my Fidelity portfolio next to Oxford Lane Capital ( OXLC ) and several of the YieldMax ETFs, is a global fixed income fund, abrdn Income Credit Strategies Fund ( ACP ). With its current monthly distribution of $0.10, ACP trades near par (close to its NAV) and offers an annual yield of nearly 18% at the current market price. That very high yield has generated several sell ratings from other SA analysts....
ACP: I Love This 18% Yielding Global Credit Fund, And It's About To Get Even Better