other material
confidence high
sentiment neutral
materiality 0.40
abrdn Income Credit Strategies Fund to allow up to 5% investment in defaulted obligations starting Nov 10, 2025
abrdn Income Credit Strategies Fund
- Board approved on Sept 9, 2025 to allow up to 5% of portfolio in defaulted credit obligations, effective Nov 10, 2025.
- Previous policy prohibited any investment in defaulted obligations; new policy permits limited exposure.
- Fund may also continue to invest in stressed or likely-to-default obligations without limit.
- Change is non-fundamental and may be amended without shareholder vote with 60 days' notice.