Angel Oak Financial Strategies Income Term Trust

FINS: 8-K · proxy statement

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) reported certified voting results from its September 25, 2026 Annual Meeting, with approximately 92% of outstanding shares represented, up from about 72% at the 2025 meeting. Shareholders elected Keith M. Schappert and Andrea N. Mullins as Class II Trustees and Ira P. Cohen as Class III Trustee, and ratified Cohen & Company, Ltd. as independent auditor for the fiscal year ending January 31, 2027. Shareholders also approved an amendment to the Declaration of Trust lowering the threshold for shareholders and Trustees to remove a Trustee for Cause from 75% to 66.67%, a governance enhancement passed with roughly 95% of votes cast.

SEC 8-K•25d ago

Angel Oak Financial Strategies Income Term Trust Declares October 2026 Distribution

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) declared its October 2026 distribution of $0.115 per share. The record date and ex-distribution date are October 16, 2026, with payment on October 30, 2026. The fund cautioned that a portion of distributions may come from capital gain or return of capital rather than net investment income, to be detailed in a Section 19(a) notice and year-end Form 1099-DIV.

•25d ago

Angel Oak Financial Strategies Income Term Trust Announces Results of 2026 Annual Meeting of Shareholders

Angel Oak Financial Strategies Income Term Trust (FINS) announced certified voting results from its September 25, 2026 annual meeting, with approximately 92% of outstanding shares represented. Shareholders elected Keith M. Schappert and Andrea N. Mullins as Class II Trustees and Ira P. Cohen as a Class III Trustee, and approved reducing the cause-removal threshold for Trustees from 75% to 66.67%. Shareholders also ratified Cohen & Company, Ltd. as independent auditor for the fiscal year ending January 31, 2027. Turnout was up materially from roughly 72% at the 2025 annual meeting, and all proposals received roughly 80% or more of votes cast in favor.

•27d ago

Concerned Investor to Vote Against Angel Oak Financial Strategies Income Term Trust Trustee Nominees

Trevor Montano, a shareholder of Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) and former Chief Investment Officer at the U.S. Department of the Treasury, announced he intends to vote against Class II trustee nominees Keith M. Schappert and Andrea N. Mullins at the fund's September 25, 2026 annual meeting, while stating the communication is not a proxy solicitation. His objections are governance-focused: the two nominees failed to receive sufficient votes at the 2025 annual meeting yet have served as holdover trustees since June 2025, all four independent trustees have served since the fund's 2019 inception, and the governing documents contain classified-board, no-resignation, and 75% supermajority entrenchment provisions. Montano also criticizes the May 2026 first-ever preferred share issuance, at a 5.864% dividend rate to a single investor, which entitles that holder to elect two of the fund's five trustees, and notes the common shares have closed at a discount to net asset value on every trading day since February 27, 2020.

•1mo ago

Angel Oak Financial Strategies Income Term Trust Declares September 2026 Distribution

Angel Oak Financial Strategies Income Term Trust (FINS) declared a distribution of $0.115 per share for the month of September 2026. The record date and ex-distribution date are both set for September 16, 2026, with the payable date following on September 30, 2026. The fund advised that a portion of the distribution may come from sources other than net investment income, such as capital gains or return of capital.

•1mo ago

Angel Oak Financial Strategies Income Term Trust Declares July 2026 Distribution

Angel Oak Financial Strategies Income Term Trust declared a distribution of $0.115 per share for the month of July 2026. The record date and ex-distribution date are July 17, 2026, with a payable date of July 31, 2026. The fund invests predominantly in U.S. financial sector debt and seeks to pay a distribution representative of net investment income.

•3mo ago

Angel Oak Financial Strategies Income Term Trust Declares June 2026 Distribution

Angel Oak Financial Strategies Income Term Trust (FINS) declared a monthly distribution of $0.115 per share for June 2026. The record date is June 16, 2026, with payment on June 30, 2026. The fund will trade ex-distribution on the record date. The release includes standard disclosures that portions of the distribution may be derived from sources other than net investment income, such as return of capital.

•4mo ago

Angel Oak Financial Strategies Income Term Trust Issues Mandatorily Redeemable Preferred Shares and New Notes and Sets Record Date and Date for Annual Meeting of Shareholders

Angel Oak Financial Strategies Income Term Trust (FINS) closed a $50 million private offering of Series A Mandatorily Redeemable Preferred Shares due 2031, rated A3 by Moody's. The Fund also entered into an agreement for a $40 million private offering of Series C Senior Notes due 2030, rated A1 by Moody's, to refinance maturing Series A Notes. Net proceeds will be used for debt refinancing and new portfolio investments, maintaining the Fund's leverage strategy. The Board also set the record date for the annual shareholder meeting on July 10, 2026.

•5mo ago

Angel Oak Financial Strategies Income Term Trust Declares May 2026 Distribution

Angel Oak Financial Strategies Income Term Trust declared a monthly distribution of $0.115 per share for May 2026. The record and ex-distribution dates are set for May 15, 2026, with payment occurring on May 29, 2026. The Trust noted that distributions may include sources other than net investment income, such as capital gains or return of capital.

•5mo ago