Aberdeen Income Credit Strategies Fund : 2021 Tax Form 8937

share or as a percentage of old basis

Form 8937			Report of Organizational Actions
						Affecting Basis of Securities			OMB No. 1545-0123
(December 2017)
Department of the Treasury							See separate instructions.
Internal Revenue Service
Part I	Reporting	Issuer
1 Issuer's name								2 Issuer's employer identification number (EIN)
ABERDEEN INCOME CREDIT STRATEGIES FUND		80-0660749
3 Name of contact for additional information		4 Telephone No. of contact	5 Email address of contact
ABERDEEN STANDARD INVESTMENTS INC.		215-405-5700
6 Number and street (or P.O. box if mail is not delivered to street address) of contact	7 City, town, or post office, state, and ZIP code of contact
C/O ABERDEEN STANDARD INVESTMENTS INC., 1900 MARKET STREET, SUITE 200	PHILADELPHIA, PA 19103
8 Date of action						9 Classification and description
1/21/21, 2/18/21, 3/23/21, 4/22/21, 5/20/21,
6/3/21, 7/22/21, 8/19/21, 9/17/21, 10/21/21				COMMON STOCK - REGULATED INVESTMENT COMPANY
10 CUSIP number		11 Serial number(s)			12 Ticker symbol	13	Account number(s)
003057106							ACP

Part II

Organizational Action Attach additional statements if needed. See back of form for additional questions.

14 Describe the organizational action and, if applicable, the date of the action or the date against which shareholders' ownership is measured for

the action	A PERCENTAGE OF THE DISTRIBUTIONS PAID IN JANUARY, FEBRUARY, MARCH, APRIL, MAY, JUNE, JULY, AUGUST,

SEPTEMBER, AND OCTOBER 2021 WERE RETURN OF CAPITAL DISTRIBUTIONS AND NOT DISTRIBUTIONS OF DIVIDEND INCOME AS

DEFINED UNDER INTERNAL REVENUE CODE SECTIONS 301(c)(2) AND 316. SEE ATTACHMENT.

15 Describe the quantitative effect of the organizational action on the basis of the security in the hands of a U.S. taxpayer as an adjustment per

SEE ATTACHMENT. THE RETURN OF CAPITAL DISTRIBUTIONS WILL REDUCE THE TAX BASIS OF THE SHAREHOLDERS' SHARES IN THE ABERDEEN INCOME CREDIT STRATEGIES FUND.

16 Describe the calculation of the change in basis and the data that supports the calculation, such as the market values of securities and the

valuation dates	SEE ATTACHMENT.

For Paperwork Reduction Act Notice, see the separate Instructions.

Cat. No. 37752P

Form 8937 (12-2017)

Form 8937 (12-2017)	Page 2
Part II	Organizational Action (continued)

17 List the applicable Internal Revenue Code section(s) and subsection(s) upon which the tax treatment is based

INTERNAL REVENUE CODE SECTIONS 316, 301(c)(1), AND 301(c)(2).

18 Can any resulting loss be recognized? NO LOSS WILL BE RECOGNIZED AS A RESULT OF THE RETURN OF CAPITAL DISTRIBUTIONS.

THE RETURN OF CAPITAL DISTRIBUTIONS WILL REDUCE THE TAX BASIS OF THE SHAREHOLDERS' SHARES IN THE ABERDEEN INCOME CREDIT STRATEGIES FUND.

19 Provide any other information necessary to implement the adjustment, such as the reportable tax year

THE RETURN OF CAPITAL DISTRIBUTIONS DESCRIBED ABOVE ARE REPORTABLE IN TAX YEAR 2021.

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.

Sign
Here Signature		/s/ Sharon Ferrari			Date	1/14/22
	Print your name	SHARON FERRARI			Title	ASSISTANT TREASURER
Paid		Print/Type preparer's name	Preparer's signature	Date		Check if	PTIN
	JENNIFER L. CANTRELL	/s/ Jennifer L. Cantrell	1/12/2022	*
Preparer	self-employed
Use Only	Firm's name	KPMG LLP					Firm's EIN	*
		Firm's address	1601 MARKET STREET, PHILADELPHIA, PA 19103-2499			Phone no.	267-256-7000

Send Form 8937 (including accompanying statements) to: Department of the Treasury, Internal Revenue Service, Ogden, UT 84201-0054

*MAINTAINED IN TAXPAYER'S RECORDS

ABERDEEN INCOME CREDIT STRATEGIES FUND

EIN: 80-0660749

FORM 8937 ATTACHMENT

CUSIP (BOX	TICKER				DISTRIBUTION	TAXABLE DIVIDEND	RETURN OF
SYMBOL (BOX	EX-DATE	RECORD DATE	PAYABLE DATE	AMOUNT PER	CAPITAL
10)	PERCENTAGE
12)				SHARE	PERCENTAGE
003057106	ACP	1/21/2021	1/22/2021	1/29/2021	0.1000	93.352%	6.648%
CUSIP (BOX	TICKER				DISTRIBUTION	TAXABLE DIVIDEND	RETURN OF
SYMBOL (BOX	EX-DATE	RECORD DATE	PAYABLE DATE	AMOUNT PER	CAPITAL
10)	PERCENTAGE
12)				SHARE	PERCENTAGE
003057106	ACP	2/18/2021	2/19/2021	2/26/2021	0.1000	93.352%	6.648%
CUSIP (BOX	TICKER				DISTRIBUTION	TAXABLE DIVIDEND	RETURN OF
SYMBOL (BOX	EX-DATE	RECORD DATE	PAYABLE DATE	AMOUNT PER	CAPITAL
10)	PERCENTAGE
12)				SHARE	PERCENTAGE
003057106	ACP	3/23/2021	3/24/2021	3/31/2021	0.1000	93.352%	6.648%
CUSIP (BOX	TICKER				DISTRIBUTION	TAXABLE DIVIDEND	RETURN OF
SYMBOL (BOX	EX-DATE	RECORD DATE	PAYABLE DATE	AMOUNT PER	CAPITAL
10)	PERCENTAGE
12)				SHARE	PERCENTAGE
003057106	ACP	4/22/2021	4/23/2021	4/30/2021	0.1000	93.352%	6.648%
CUSIP (BOX	TICKER				DISTRIBUTION	TAXABLE DIVIDEND	RETURN OF
SYMBOL (BOX	EX-DATE	RECORD DATE	PAYABLE DATE	AMOUNT PER	CAPITAL
10)	PERCENTAGE
12)				SHARE	PERCENTAGE
003057106	ACP	5/20/2021	5/21/2021	5/27/2021	0.1000	93.352%	6.648%
CUSIP (BOX	TICKER				DISTRIBUTION	TAXABLE DIVIDEND	RETURN OF
SYMBOL (BOX	EX-DATE	RECORD DATE	PAYABLE DATE	AMOUNT PER	CAPITAL
10)	PERCENTAGE
12)				SHARE	PERCENTAGE
003057106	ACP	6/3/2021	6/4/2021	6/30/2021	0.1000	93.352%	6.648%
CUSIP (BOX	TICKER				DISTRIBUTION	TAXABLE DIVIDEND	RETURN OF
SYMBOL (BOX	EX-DATE	RECORD DATE	PAYABLE DATE	AMOUNT PER	CAPITAL
10)	PERCENTAGE
12)				SHARE	PERCENTAGE
003057106	ACP	7/22/2021	7/23/2021	7/30/2021	0.1000	93.352%	6.648%
CUSIP (BOX	TICKER				DISTRIBUTION	TAXABLE DIVIDEND	RETURN OF
SYMBOL (BOX	EX-DATE	RECORD DATE	PAYABLE DATE	AMOUNT PER	CAPITAL
10)	PERCENTAGE
12)				SHARE	PERCENTAGE
003057106	ACP	8/19/2021	8/20/2021	8/31/2021	0.1000	93.352%	6.648%
CUSIP (BOX	TICKER				DISTRIBUTION	TAXABLE DIVIDEND	RETURN OF
SYMBOL (BOX	EX-DATE	RECORD DATE	PAYABLE DATE	AMOUNT PER	CAPITAL
10)	PERCENTAGE
12)				SHARE	PERCENTAGE
003057106	ACP	9/17/2021	9/20/2021	9/30/2021	0.1000	93.352%	6.648%
CUSIP (BOX	TICKER				DISTRIBUTION	TAXABLE DIVIDEND	RETURN OF
SYMBOL (BOX	EX-DATE	RECORD DATE	PAYABLE DATE	AMOUNT PER	CAPITAL
10)	PERCENTAGE
12)				SHARE	PERCENTAGE

003057106

ACP

10/21/2021

10/22/2021

10/29/2021

0.1000

93.352%

6.648%