Abrdn Income Credit Strategies Fund (ACP-PA) Stock
The Abrdn Income Credit Strategies Fund operates as a closed-end investment vehicle concentrating on fixed-income assets. It was originally established and is managed by Aberdeen Asset Managers Limited, with co-management provided by Aberdeen Standard Investments Inc.
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About Abrdn Income Credit Strategies Fund
The Abrdn Income Credit Strategies Fund operates as a closed-end investment vehicle concentrating on fixed-income assets. It was originally established and is managed by Aberdeen Asset Managers Limited, with co-management provided by Aberdeen Standard Investments Inc. This fund strategically allocates capital across global fixed-income markets, primarily targeting various loan and debt instruments. It commenced operations on October 12, 2010, and is domiciled in the United States.
Abrdn Income Credit Strategies Fund is headquartered in US.
Abrdn Income Credit Strategies Fund (ACP-PA) stock trades at $19.81 with a market capitalization of $2.49B. The stock is valued at a price-to-earnings (P/E) ratio of 58.26, price-to-book of 3.08, price-to-sales of 42.97. Over the past 52 weeks the stock has ranged between $19.45 and $21.81, and currently trades 9.2% below its 52-week high. It pays a dividend yielding 6.61%.
On profitability, Abrdn Income Credit Strategies Fund generates a return on equity (ROE) of 5.32%, return on capital employed of 3.89%, an operating margin of 70.12%, a net profit margin of 70.12%.
Official website: www.aberdeenacp.com