Abrdn Income Credit Strategies Fund and First Trust High Income Long/Short Fund Complete Reorganization

On July 22, 2024, abrdn Income Credit Strategies Fund (NYSE:ACP) and First Trust High Income Long/Short Fund (NYSE:FSD) announced the completion of their reorganization. The reorganization concluded on July 19, 2024, after the close of regular business hours.

Common shareholders of FSD received ACP common shares at a net asset value equal to their holdings of FSD common shares, finalized at the close of business on the reorganization date. The normal investment objectives, strategies, structure, and policies of the ACP remain unchanged post-reorganization.

abrdn, a global asset manager managing over $472.8 billion in assets as of March 31, 2024, expressed its welcome to FSD shareholders joining the abrdn fund family. Meanwhile, First Trust Advisors, managing approximately $228 billion in assets as of June 30, 2024, continues its role in providing diverse investment services.