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Summary 0 out of 23 CEF sectors positive on price and 1 out of 23 sectors positive on NAV last week. OPP rights offering results. FEO will liquidate. Author's note: This article was released to CEF/ETF Income Laboratory members on September 29, 2022. Please check l...
Summary 0 out of 23 CEF sectors positive on price and 1 out of 23 sectors positive on NAV last week. Real estate CEFs lag. OPP rights offering expires. Author’s note: This article was released to CEF/ETF Income Laboratory members on September 21, 2022. Pleas...
Summary ACP is a fixed income closed end fund. The vehicle focuses on the riskiest part of the high yield market, namely CCC credits. The fund pays a very high dividend, reflective of the substantial increases in effective yields for the riskiest bonds. ACP currently offer...
Summary 0 out of 23 CEF sectors positive on price and 0 out of 23 sectors positive on NAV last week. U.S. equities were the worst-performing CEF sector. SMM will be merged with SMLPX. Author’s note: This article was released to CEF/ETF Income Laboratory memb...
PHILADELPHIA, PA / ACCESSWIRE / September 9, 2022 / The Board of Trustees of abrdn 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"). Th...
Summary 1 out of 23 CEF sectors positive on price and 1 out of 23 sectors positive on NAV last week. MLPs lead while commodities lag. MLPs are the most discounted CEF sector. Author’s note: This article was released to CEF/ETF Income Laboratory members on Au...
19 out of 23 CEF sectors positive on price and 17 out of 23 sectors positive on NAV last week. SMM will pay a "Saba special distribution", funded by management. ZTR rights offering is now live. Author’s note: This article was released to CEF/ETF Income Laborator...
On August 11 the Delaware Ivy High Income Opportunities Fund IVH announced that its Board of Trustees approved the reorganization of the fund into Aberdeen Income Credit Strategies Fund ACP. The merger is subject to approval by shareholders in both funds. IVH had changed mana...
Today, Delaware Ivy High Income Opportunities Fund (the “Acquired Fund”), a New York Stock Exchange-listed closed-end fund trading under the symbol “IVH”, announced that its Board of Trustees (the “Board”) approved the reorganization of the Acqu...
PHILADELPHIA, PA / ACCESSWIRE / August 11, 2022 / The Board of Trustees of each of the Acquiring Funds, listed below, announces the proposed reorganization of several closed-end investment companies advised by one or more affiliates of Delaware Management Company into the respective Acquirin...
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Aberdeen Income Credit Strategies Fund Company Name:
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PHILADELPHIA, PA / ACCESSWIRE / July 26, 2024 / The Board of Trustees of abrdn Income Credit Strategies Fund (NYSE:ACP) , announces today that shareholders of First Trust/abrdn Global Opportunity Income Fund (NYSE:FAM) ("FAM" or the "Acquired Fund") advised by First Trust Advisors L.P. have app...
2024-07-25 05:00:37 ET Few people pay much attention to the management team of a closed-end fund (CEF). But it’s becoming a much more critical factor driving CEF upside (and downside!), as well as these funds’ 8%+ dividend payouts. I was reminded of this recently by a ...
abrdn Income Credit Strategies Fund (NYSE: ACP) (“ACP” or the “Acquiring Fund”) and First Trust High Income Long/Short Fund (NYSE: FSD) (“FSD” or the “Acquired Fund”) announce today the completed reorganization of the Acquired Fund wit...