abrdn Income Credit Strategies Fund (ACP)
Abrdn Income Credit Strategies Fund is a closed-ended fixed income fund launched and managed by Aberdeen Asset Managers Limited. It is co-managed by Aberdeen Standard Investments Inc. The fund invests in fixed income markets across the globe. It seeks to invest primarily in loan and debt instruments. Abrdn Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.
Industry: Asset Management
Abrdn Income Credit Strategies Fund
NYSE:ACPFinancial Services · Asset Management
-2.59%$4.14
AH Close$4.14+0.00%vs close
AH Close$4.14+0.00%vs close
Mkt Cap$519.45M
Float125.47M
O/S125.47M
Inst Own25.9%
Div Yield21.38%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$57.84M
Net Income$40.56M
Total Assets$1.06B
Free Cash Flow$99.46M
Debt & Equity
Debt 24%
Equity 72%
Preferred 4%
Total Debt$260M
Total Equity$778.75M
Preferred Stock$40M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ACP's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.06B
Liabilities$322.01M
Accounts Receivable$31.7M
Accounts Payable$18.73M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 |
| Revenue | $57.84M | $79.3M | -$19.67M | $32.92M | $30.62M | -$1.2M | -$1.48M | $4.45M | $27.9M | $7.04M | $25.42M | $27.6M | $23.25M |
| YoY Growth | -27.1% | -503.2% | -159.7% | 7.5% | -2647.9% | -18.7% | -133.2% | -84.1% | 296.5% | -72.3% | -7.9% | 18.7% | - |
| Cost of Revenue | $15.38M | $10.79M | $5.76M | $4.73M | $4.64M | $3.62M | $3.41M | $4.01M | $4.05M | $3.66M | $0 | $0 | $0 |
| Gross Profit | $42.46M | $79.3M | -$25.43M | $28.2M | $25.98M | -$4.82M | -$4.88M | $439K | $23.85M | $3.38M | $25.42M | $27.6M | $23.25M |
| Gross Margin | 73.4% | 100.0% | 129.3% | 85.6% | 84.9% | 401.4% | 330.6% | 9.9% | 85.5% | 48.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $3 | $0 | $0 | $2 | $2 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.63M | $2.14M | $6.18M | $1.21M | $1.09M | $969K | $1.05M | $1.08M | $943K | $2 | $4.95M | $5.58M | $4.67M |
| Other | -$722K | -$752K | $0 | -$490K | -$309K | $2.92M | -$260K | -$111K | $79K | $13.68M | $0 | $0 | $0 |
| Total Operating Expenses | $1.9M | $1.39M | $6.18M | $724K | $779K | $3.89M | $785K | $967K | $1.02M | $8.05M | $41.05M | $13.16M | $4.5M |
| Operating Income (EBIT) | $40.56M | $77.91M | $31.51M | -$56.63M | $36.13M | -$2.51M | -$2.26M | $5.87M | $28.6M | $20.37M | $20.47M | $22.02M | $18.57M |
| Operating Margin | 70.1% | 98.2% | -160.2% | -172.0% | 118.0% | 208.8% | 153.1% | 132.0% | 102.5% | 289.5% | 80.5% | 79.8% | 79.9% |
| Interest Expense | $15.38M | $10.79M | $6.77M | $2.51M | $1.36M | $1.65M | $2.71M | $2.39M | $1.73M | $0 | $0 | $0 | $0 |
| Interest Income | $94.52M | $60.23M | $37.47M | $28.46M | $23.31M | $19.36M | $20.09M | $26.96M | $25.53M | $1.22M | $1.13M | $1.19M | $882K |
| Other Income (Expense) | -$16.05M | $0 | -$1.24M | -$3.1M | -$1.14M | -$1.59M | $0 | -$19.18M | $5.69M | -$5.16M | -$37.23M | -$8.77M | $8.29M |
| Income Before Tax (EBT) | $40.56M | $77.91M | $30.27M | -$59.72M | $34.99M | -$4.1M | -$2.26M | $3.48M | $26.88M | $15.21M | -$16.76M | $13.25M | $26.86M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $13.74M | -$161K | -$53K | -$4.5M | $0 | $0 | $0 |
| Net Income | $40.56M | $77.91M | $30.27M | -$59.72M | $34.99M | -$4.1M | -$2.26M | $3.48M | $26.88M | $16.55M | -$16.76M | $13.25M | $26.86M |
| Net Income Margin | 70.1% | 98.2% | -153.9% | -181.4% | 114.3% | 341.3% | 153.1% | 78.3% | 96.3% | 235.2% | -65.9% | 48.0% | 115.5% |
| Supplementary Data | |||||||||||||
| EPS | 0.33 | 1.24 | 1.04 | -2.49 | 1.46 | -0.22 | -0.17 | 0.27 | 2.06 | 1.09 | -1.28 | 1.01 | 2.05 |
| Diluted EPS | 0.31 | 1.24 | 1.04 | -2.49 | 1.46 | -0.22 | -0.17 | 0.27 | 2.06 | 14883543.00 | -1.28 | 1.01 | 2.05 |
| Weighted Average OS | 115.03M | 61.14M | 27.09M | 24.82M | 23.26M | 18.24M | 13.68M | 12.89M | 13.05M | 15.21M | 13.07M | 13.07M | 13.07M |
| EBITDA | $40.56M | $88.64M | $31.04M | -$56.63M | $36.13M | -$2.51M | $16.45M | $22.66M | $26.87M | $15.36M | $20.47M | $22.02M | $18.57M |
| EBITDA Margin | 70.1% | 111.8% | -157.8% | -172.0% | 118.0% | 208.8% | -1113.3% | 509.5% | 96.3% | 218.2% | 80.5% | 79.8% | 79.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $688K | $2.8M | $22K | $1.16M | $0 | $1.59M | $1.03M | $0 | $1.46M | -$14.09M | $26K | $79K | $25K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $15.76M | $6.58M | $6.83M | $17.8M | $0 | $14.09M | $0 | $229K | $0 |
| Cash and Short-Term Investments | $688K | $2.8M | $22K | $1.16M | $15.76M | $8.17M | $7.86M | $0 | $1.46M | $14.09M | $26K | $307K | $25K |
| Accounts Receivable | $31.7M | $23.55M | $10.38M | $6.36M | $9.36M | $5.51M | $8.59M | $6.85M | $7.6M | $6.22M | $6.97M | $13.96M | $18.04M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $24.96M | $0 | $0 | $0 | -$229K | $0 |
| Other Current Assets | $0 | $6.49M | $622K | $0 | -$15.84M | -$13.71M | -$8.01M | $2.4M | $3.58M | $17.38M | $22.67M | $52.06M | $30.75M |
| Total Current Assets | $32.58M | $32.87M | $11.06M | $7.63M | $9.36M | $0 | $8.59M | $6.85M | $9.06M | $23.61M | $29.68M | $66.35M | $48.84M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $7.39M | $1.11B | $475.53M | $294.1M | $399.7M | $256.95M | $233.74M | $260.88M | $273.59M | $266.25M | $257.83M | $281.98M | $316.43M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1.02B | $74K | $485.28M | $299.18M | $398.22M | $0 | $0 | -$260.88M | -$273.59M | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $1.03B | $1.11B | $475.53M | $294.1M | $399.7M | $256.95M | $233.74M | $260.88M | $273.59M | $266.25M | $257.83M | $281.98M | $316.43M |
| Other Assets | $0 | -$6.49M | -$520K | $113K | $79K | $263.97M | $185K | $36K | $3.6M | $0 | $0 | $0 | $0 |
| Total Assets | $1.06B | $1.14B | $486.07M | $300.67M | $409.14M | $263.97M | $242.52M | $267.77M | $286.25M | $289.86M | $287.51M | $348.32M | $365.26M |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $18.73M | $35.62M | $175K | $4.1M | $5.66M | $5.05M | $3.67M | $209K | $1.32M | $13.08M | $0 | $9.55M | $13.97M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $118M | $81.2M | $0 | $0 | $83M | $83M | $91.82M | $100M | $104.9M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$83.9M | -$111.15M | -$75.82M | -$68.33M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $676K | $195K | $85.48M | -$6.65M | -$10.72M | $67.1M | -$520K | -$84.32M | $1.86M | $0 | $2.21M | $2.1M |
| Total Current Liabilities | $18.73M | $37.49M | $852K | $6.02M | $6.85M | $0 | $3.67M | $209K | $3.25M | $98.54M | $92.57M | $112.48M | $121.66M |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $260M | $240M | $105M | $88M | $118M | $81.2M | $72M | $83M | $83M | $83M | $0 | $33K | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $43.27M | $0 | $0 | $0 | $0 | $0 | $0 | -$83M | -$83M | -$83M | $0 | $0 | $0 |
| Total Long-Term Liabilities | $303.27M | $240M | $105M | $88M | $118M | $81.2M | $72M | $83M | $86.87M | $98.54M | $0 | $33K | $0 |
| Other Liabilities | $0 | $277.49M | $373K | $0 | $152.36M | $87.1M | $3.91M | $534K | -$3.25M | -$98.54M | $0 | $0 | $0 |
| Total Liabilities | $322.01M | $277.49M | $106.23M | $94.02M | $166.06M | $87.1M | $79.58M | $83.74M | $86.87M | $98.54M | $92.57M | $112.51M | $121.66M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $40M | $40M | $40M | $40M | $40M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $125K | $125K | $52K | $25K | $23K | $17K | $13K | $13K | $13K | $13K | $13K | $13K | $13K |
| Retained Earnings | -$449.32M | -$425.55M | -$280.24M | -$156.07M | -$67.61M | -$79.64M | -$62.56M | -$41.98M | $990K | -$38K | -$32.82M | $8.05M | $15.84M |
| Comprehensive Income & Other | $0 | $0 | $0 | -$40M | -$40M | $0 | $0 | $0 | -$27.63M | -$34.65M | $0 | $0 | $0 |
| Other Stockholders' Equity | $1.23B | $1.29B | $660.04M | $322.69M | $310.66M | $256.49M | $225.48M | $226M | $198.37M | $191.35M | $227.75M | $227.75M | $227.75M |
| Total Equity | $778.75M | $859.8M | $379.84M | $166.65M | $243.08M | $176.87M | $162.94M | $184.03M | $199.37M | $191.32M | $194.94M | $235.81M | $243.6M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.1B | $1.14B | $486.07M | $260.67M | $409.14M | $263.97M | $242.52M | $267.77M | $286.25M | $289.86M | $287.51M | $348.32M | $365.26M |
| Supplementary Data | |||||||||||||
| Total Debt | $260M | $240M | $105M | $88M | $118M | $81.2M | $72M | $83M | $83M | $83M | $91.82M | $100.03M | $104.9M |
| Net Debt | $259.31M | $237.2M | $104.98M | $86.84M | $118M | $79.72M | $70.97M | $83M | $81.54M | $97.09M | $91.8M | $99.95M | $104.88M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 |
| Operating Activities | |||||||||||||
| Net Income | $40.56M | $77.91M | $30.27M | -$59.72M | $34.99M | -$4.1M | -$2.26M | $3.48M | $26.88M | $15.21M | -$16.76M | $13.25M | $26.86M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | -$4.45M | -$4.18M | $179K | $1.33M | -$2.02M | -$870K | $786K | -$643K | $589K | -$349K | $149K | $1.35M | -$2.24M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | -$11M | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $873K | $643K | $112K | -$83K | $132K | -$10K | $5K | -$35K | $519 | -$27K | $0 | $0 | $0 |
| Other Working Capital | $361K | $262K | $46K | -$19K | $67K | $208K | -$378K | $1.77M | $599K | -$159K | $6.2M | $7.71M | -$13.45M |
| Total Working Capital Change | -$3.22M | -$3.92M | $225K | $1.23M | -$1.82M | -$672K | -$10.59M | $3.04M | $291K | -$535K | $6.35M | $9.06M | -$15.69M |
| Other Non-Cash Items | $1.33M | -$155.3M | -$31.35M | $106.9M | -$143.32M | -$20.97M | $31.48M | $11.15M | -$6.89M | $3.14M | $44.52M | -$6.22M | -$83.33M |
| Net Cash from Operating | $38.67M | -$81.31M | -$855K | $48.4M | -$110.15M | -$25.74M | $18.63M | $17.67M | $20.28M | $17.44M | $34.1M | $16.09M | -$72.16M |
| Investing Activities | |||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$937.85M | -$1B | -$427.41M | -$225.45M | -$316.11M | -$299.65M | -$217.41M | -$268.96M | -$265.17M | -$228.22M | $0 | $0 | $0 |
| Sales of Investments | $912.88M | $953.21M | $413.4M | $222.49M | $199.72M | $265.21M | $215.89M | $280.5M | $254.73M | $231.34M | $0 | $0 | $0 |
| Other Investing Activities | $49.94M | $0 | $46.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $24.97M | -$48.16M | $32.19M | -$2.96M | -$116.39M | -$34.45M | -$1.53M | $11.54M | -$10.45M | $3.11M | $0 | $0 | $0 |
| Financing Activities | |||||||||||||
| Debt Repaid | -$20M | -$135M | -$17M | $30M | -$36.8M | -$9.2M | - | - | - | $7M | $10M | -$5M | -$36M |
| Common Stock Issuance | $0 | $0 | $3.98M | $13.84M | $95.49M | $41.91M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | -$95.49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$121.61M | -$84.39M | -$53.74M | -$30.82M | -$24.27M | -$23.88M | -$18.83M | -$18.83M | -$18.83M | -$18.83M | -$24.11M | -$21.04M | -$16.11M |
| Other Financing Activities | $0 | $0 | $282K | -$259K | $57.87M | -$926K | $926K | $0 | $0 | -$68K | -$44K | $0 | $51.86M |
| Net Cash from Financing | -$101.61M | $50.61M | -$32.47M | -$47.24M | $108.55M | $26.31M | -$17.9M | -$18.83M | -$18.83M | -$25.89M | -$34.16M | -$16.04M | $71.75M |
| Forex Effect | $35.87M | -$45K | -$3K | -$2K | $5K | -$7K | $5K | $2K | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$2.11M | $2.77M | -$1.14M | -$1.8M | -$117.99M | $559K | $736K | -$1.16M | -$8.99M | -$5.36M | -$52K | $54K | -$410K |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $99.46M | -$81.31M | -$855K | $48.4M | -$110.15M | -$25.74M | $18.63M | $17.67M | $20.28M | $17.44M | $34.1M | $16.09M | -$72.16M |
| Capital Expenditure | -$3 | $4 | -$3 | $4 | $4 | $3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $99.46M | -$81.31M | -$855K | $48.4M | -$110.15M | -$25.74M | $18.63M | $17.67M | $20.28M | $17.44M | $34.1M | $16.09M | -$72.16M |
| Cash at Beginning | $2.8M | $22K | $1.16M | $2.96M | $1.59M | $1.03M | $299K | $1.46M | $10.45M | $26K | $79K | $25K | $435K |
| Cash at End | $688K | $2.8M | $22K | $1.16M | -$116.39M | $1.59M | $1.03M | $299K | $1.46M | -$5.34M | $26K | $79K | $25K |