abrdn Income Credit Strategies Fund — fact timeline

abrdn Income Credit Strategies Fund entered into Securities Purchase Agreement with each purchaser named therein valued at 4,000,000 Series A Mandatorily Redeemable Preferred Shares due December 18, 2030, liquidation prefer (effective 2025-12-18).

“On December 18, 2025, abrdn Income Credit Strategies Fund (NYSE: ACP) (the “Fund”) entered into a securities purchase agreement (the “Purchase Agreement”), by and among the Fund and each purchaser named therein (the “Purchasers”), in connection with the issuance and sale of 4,000,000 shares of the Fund’s Series A Mandatorily Redeemable Preferred Shares due December 18, 2030, liquidation preference of $25.00 (the “MRP Shares”), in a transaction exempt from registration pursuant to Rule 506(c) under the Securities Act of 1933, as amended (the “Preferred Placement”).”

abrdn Income Credit Strategies Fund issued 4,000,000 shares of preferred stock to each purchaser named therein for gross proceeds from the sale of the MRP Shares of $100 million.

“pursuant to Rule 506(c) under the Securities Act of 1933, as amended (the “Preferred Placement”). The Fund received gross proceeds from the sale of the MRP Shares of $100 million. t from registration pursuant to Rule 506(c) under the Securities Act of 1933, as amended (the “Preferred Placement”). The Fund received gross proceeds from the sale of the MRP”