Quick Notes On Aberdeen Income Credit Strategies Fund's Rights Offering

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About: Aberdeen Income Credit Strategies Fund (ACP)
by: Stanford Chemist
This article is exclusive for subscribers.
Summary

ACP's offering was massively dilutive.

NAV was adjusted downwards by -4.6% when the new shares were released.

Selling upon the rights offering announcement worked, once again.

Author's note: This article was released to CEF/ETF Income Laboratory members on November 18, 2019.

ACP rights offering oversubscribed

Aberdeen Income Credit Strategies Fund's (ACP) rights offering expired on November 14, 2019.