abrdn U.S. Closed-End Funds Announce Results of Special Shareholder Meetings Relating to Proposed Reorganizations with Delaware Management Company-Advised Closed-End Funds
abrdn Income Credit Strategies Fund (NYSE:ACP) and abrdn Global Dynamic Dividend Fund (NYSE:AGD) (each an "Acquiring Fund") announced that they each held a special meeting of shareholders on November 9, 2022 (each, a "Meeting") at which shareholders of the respective Acquiring Fund voted to approve the issuance of additional shares of such Fund in connection with the proposed reorganization of the applicable Delaware Management Company-advised closed-end fund, as noted below, with and into the Acquiring Fund
PHILADELPHIA, PA / ACCESSWIRE / November 9, 2022 / abrdn Income Credit Strategies Fund (NYSE:ACP) and abrdn Global Dynamic Dividend Fund (NYSE:AGD) (each an "Acquiring Fund") announced that they each held a special meeting of shareholders on November 9, 2022 (each, a "Meeting") at which shareholders of the respective Acquiring Fund voted to approve the issuance of additional shares of such Fund in connection with the proposed reorganization of the applicable Delaware Management Company-advised closed-end fund, as noted below, with and into the Acquiring Fund.
abrdn Income Credit Strategies Fund ("ACP")
As of the record date, August 11, 2022, ACP had outstanding 24,509,752 shares of common stock and 1,600,000 shares of outstanding preferred stock. 57.22% of outstanding common stock were voted, representing a quorum.
Proposal: To approve the issuance of additional shares of beneficial interest of ACP in connection with the reorganization of Delaware Ivy High Income Opportunities Fund ("IVH"), another closed-end fund, with and into ACP.
