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ACP is a fixed income CEF focused on global high yield. ACP is focused on the bottom of the credit spectrum with a high concentration in B & CCC debt (41.8%). The fund is down more than -11% since our Sell rating. This article covers CEFs from our suite of products - we fo...
ACP is a closed end fund that invests in global high yield. High-yield CEFs are not created equal - ACP offers a 10% yield by investing predominantly in the riskiest type of debt (high CCC bucket) with leverage on top. The fund has toggled its funding recently by issuing debt via ...
As May 2021 comes to a close, we look back at the new preferred stocks and ETDs introduced during the month, offering annual yields ranging from 4.375 % to 8.75%. Here is a comparison against highest quality preferred stocks in our coverage universe, as ranked by our internal “...
Aberdeen Income Credit Strategies (ACP) - a high-yield corporate bond CEF - is issuing a 5.25% A-rated preferred ACP.P, in part, to refinance its credit facility. A few points to watch are whether the fund will now increase leverage, its historic overdistribution and NAV drag, and its...