abrdn Income Credit Strategies Fund has announced the entry into a new distribution agreement with ALPS Distributors, Inc. The agreement allows the Fund to offer and sell up to $75 million worth of common shares of beneficial interest through the Distributor in transactions considered "at the market" under the Securities Act of 1933. This offer will not sell any shares below the current net asset value, excluding any distributing commission or discount. Additionally, a sub-placement agent agreement has been established with UBS Securities LLC. The offering is supported by a prospectus supplement and the Fund's effective shelf registration, aligning with compliance requirements.
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