Angel Oak Financial Strategies Income Term Trust (FINS) Form 8-K — May 26, 2026
Angel Oak Financial Strategies Income Term Trust (FINS) closed a $50 million private placement of Series A Mandatorily Redeemable Preferred Shares (MRPS) due April 30, 2031. The shares carry a 5.864% dividend rate, a $25.00 liquidation preference, and an A3 rating from Moody’s. Proceeds will be used primarily to refinance existing debt and make new portfolio investments. Simultaneously, the Fund issued $40 million of 5.364% Series C Senior Notes due July 8, 2030, rated A1 by Moody’s.
Key figures
- Debt Amount
- 40000000
- Interest Rate
- 5.364
- Maturity Date
- 2030-07-08
- Gross Proceeds
- 50000000
- Offering Price
- 25
- Shares Offered
- 2000000
- Moody rating mrps
- A3
- Moody rating notes
- A1
- Preferred maturity
- 2031-04-30
- Series b notes rate
- 2.8
- Series b notes amount
- 45000000
- Preferred dividend rate
- 5.864%
- Series b notes maturity
- 2028-07-08
- Repurchase agreement leverage
- 75500000
- Preferred liquidation preference
- 25
Price after filing
Close on the filing date to close N calendar days later (from $12.70). Historical, not a forecast.
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