UBS Group AG filed Amendment No. 16 to Schedule 13G on October 29, 2026, disclosing beneficial ownership of 461,313 shares, representing 28.83% of the 5.250% Series A Perpetual Preferred Shares of abrdn Income Credit Strategies Fund, as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: UBS Group AG reported beneficial ownership of 461,313 shares of the 5.250% Series A Perpetual Preferred Shares (CUSIP 003057205).
  • Percent of class: The 461,313 shares represent 28.83% of the class, according to the filing.
  • Shared voting power: UBS Group AG reported shared voting power over 2,543 shares, with sole voting power of 0.
  • Shared dispositive power: The filing states shared dispositive power over 461,313 shares, with sole dispositive power of 0.
  • Filing on behalf of subsidiaries: The statement is filed by UBS Group AG on behalf of itself and wholly owned subsidiaries UBS Financial Services Inc. and UBS Securities LLC.
  • Triggering event date: The date of the event requiring this filing was September 30, 2026.

UBS Group AG Discloses Large Preferred Share Position in abrdn Income Credit Strategies Fund

According to Amendment No. 16 to Schedule 13G filed with the SEC, UBS Group AG, organized in Switzerland and headquartered at Bahnhofstrasse 45, Zurich, reported beneficial ownership of 461,313 shares of the 5.250% Series A Perpetual Preferred Shares issued by abrdn Income Credit Strategies Fund. The issuer's principal executive offices are listed at 1900 Market Street, Philadelphia, Pennsylvania 19103. The triggering event date for this amendment is September 30, 2026.

The filing indicates that UBS Group AG holds no sole voting power and no sole dispositive power over any of the reported shares. Shared voting power extends to 2,543 shares, while shared dispositive power covers the full 461,313 shares. The filing is submitted on behalf of UBS Group AG and its wholly owned subsidiaries UBS Financial Services Inc. and UBS Securities LLC, which are identified as the relevant subsidiaries through which the position is held.

UBS Group AG is classified as a reporting person of type "BK" in the filing. The filer certified that the referenced securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer." The filing was signed by Andrew Johnson, Director, on October 29, 2026.

What Was Disclosed

UBS Group AG filed Amendment No. 16 to Schedule 13G reporting beneficial ownership of 461,313 shares, or 28.83%, of the 5.250% Series A Perpetual Preferred Shares of abrdn Income Credit Strategies Fund, as of September 30, 2026, with the position held through itself and two wholly owned subsidiaries.