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Today's post rolls out the inaugural Risk Review column for the major asset classes, a monthly update that's the companion piece to the monthly performance report and risk-premia estimates. Risk analysis is a broad and deep subject and so this monthly update will be no one's idea of a...
Aberdeen Income Credit Strategies Fund Prices Public Offering Of Preferred Shares PR Newswire PHILADELPHIA , May 3, 2021 /PRNewswire/ -- Aberdeen Income Credit Strategies Fund ( NYSE: ACP) (the "Fund"), today announced that it has priced an underwritt...
There has been much commentary suggesting bonds have gotten overvalued due to historically low rates. At current rates, economic growth will likely very quickly return to sub-2% growth by 2022. Are bonds overvalued? No. But stocks are, and the bond market is ringing alarm bells wa...
22 out of 23 CEF sectors positive on price and 20 out of 23 sectors positive on NAV last week. Commodities lead while senior loans lag. A small distribution boost from NMZ, a Taxable Income portfolio holding. For further details see: Weekly Closed-End Fund Roundup: April...
The underlying quality mix in the high yield market is at an all-time high. The high yield market has benefited in recent years from reduced levels in two key drivers of ratings downgrades and default triggers. High yield new issuance set a record during 2020. For further de...
Aberdeen Income Credit Strategies Fund ([[ACP]] +0.4%) plans to offer Series A Perpetual Preferred Shares in an underwritten public offering. The Fund has applied to list the Preferred Shares on the NYSE under the ticker symbol "ACP.P''The fund intends to use the net proceeds from the of...
Aberdeen Income Credit Strategies Fund Launches Preferred Shares Offering PR Newswire PHILADELPHIA , April 28, 2021 /PRNewswire/ -- Aberdeen Income Credit Strategies Fund ( NYSE : ACP) (the "Fund"), today announced that it plans to offer shar...
ACP has a current yield of 7.72% after cutting the monthly distribution 17% in late 2020. I continue a series where I examine CEFs beyond the yield with a look at ACP which invests in debt instruments. While NAV is declining, ACP also outperforms its benchmark. For further d...
The average CCC-or-below rated junk bonds have yielded between 7.09% and 7.16% over the past two weeks, a new all-time record low. AMC Entertainment, which has been talking about how it is trying to stave off a bankruptcy filing, issued $500 million of secured notes in April 2020 to g...
Shares of Aberdeen Income Credit Strategies Fund (NYSE:ACP) traded today at $12.63, eclipsing its 52-week high. Approximately 105,000 shares have changed hands today, as compared to an average 30-day volume of 122,000 shares. The Funds primary investment objective is to seek a high level...
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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...