Angel Oak Financial Strats Income Term Stock Price, News & Analysis

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) has scheduled a special meeting of shareholders for September 26, 2025, with a record date of August 20, 2025. The meeting will address the proposed new investment advisory agreement following Brookfield Asset Management's planned acquisition of a majority stake in Angel Oak Capital Advisors.

The Fund has demonstrated strong performance, outperforming its index across all timeframes and maintaining a 10% distribution rate with a 5.5% discount as of July 24, 2025. New community bank debt investments are yielding an average coupon of 7.68%, significantly higher than the pre-rights offering average of 6.49%.

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) has announced the certified voting results from its 2025 Annual Meeting of Shareholders held on June 26, 2025. The meeting included three key proposals: a new investment advisory agreement, election of trustees, and auditor ratification.

Despite strong participation with 17,970,576 shares present out of 25,062,638.4 eligible shares, both the new investment advisory agreement and trustee elections failed to meet required vote thresholds. The Fund plans to schedule a special shareholder meeting and will continue engaging with shareholders to evaluate potential fund enhancements.

The Fund highlighted its successful management by Angel Oak Capital Advisors since 2019 and noted strong shareholder support through oversubscription in its May 2025 rights offering.

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) announced preliminary results from its June 26, 2025 Annual Meeting of Shareholders. The meeting included three key proposals: a new investment advisory agreement, trustee elections, and auditor ratification.

While shareholders showed strong support with 63.5% voting in favor of the new advisory agreement and 93.8% supporting auditor ratification, neither the new agreement nor the trustee nominations received enough votes to meet required thresholds. The Fund's two nominated trustees each received over 50% of votes, while a dissident shareholder's self-nomination received significantly less support.

Angel Oak has managed FINS since 2019, with recent success demonstrated by significant oversubscription in its May 2025 rights offering.

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) has declared its monthly distribution of $0.109 per share for July 2025. The distribution will be paid on July 31, 2025, with a record date and ex-distribution date of July 17, 2025.

The Fund, which focuses on U.S. financial sector debt and selective equity opportunities, maintains at least 50% of its portfolio in investment-grade rated securities. The distribution may include sources other than net investment income, such as short-term capital gain, long-term capital gain, or return of capital, with final tax characteristics to be determined at fiscal year-end.

Angel Oak Financial Strategies Income Term Trust (FINS) successfully completed an oversubscribed rights offering, raising $110.4 million in gross proceeds. The Fund has outperformed its index across all time periods and currently offers a 10%+ distribution rate with a narrowed discount of 5.6% as of May 31, 2025. Management is actively deploying capital into higher-coupon bank debt, with new investments averaging 7.65% coupons, significantly higher than the Fund's previous 6.49% average. The Fund has already deployed one-third of the proceeds and sees strong pipeline opportunities with expected coupons of 7.50-8.75%. The portfolio composition shows increased allocation to bank debt (70.3%) while reducing exposure to other sectors. Two equity positions (KINS and PNBK) caused some NAV volatility during the offering period but remain profitable investments.

Angel Oak Financial Strategies Income Term Trust (FINS) has declared a monthly distribution of $0.109 per share for June 2025. The distribution will be payable on June 30, 2025, with a record date of June 16, 2025. The Fund, which trades on NYSE, focuses on U.S. financial sector debt with at least 50% of its portfolio in investment-grade securities. The distribution may include sources other than net investment income, such as short-term capital gain, long-term capital gain, or return of capital. Final tax characteristics will be determined at fiscal year-end and reported to shareholders via Form 1099-DIV.

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) has successfully completed its transferable rights offering, which ran from April 21 to May 14, 2025. The offering was significantly oversubscribed, demonstrating strong investor demand. The Fund will issue 8,354,213 Common Shares at a subscription price of $13.23 per share, set at 90% of the Fund's NAV at closing. The offering is expected to raise approximately $110.4 million in gross proceeds. Due to high demand, over-subscription requests exceeded available shares, requiring pro-rata allocation among fully exercising shareholders. Portfolio Manager Johannes Palsson highlighted opportunities in bank investments, particularly expecting increased debt issuance from community banks and potential benefits from regulatory changes and M&A activity.

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) has announced a Rights Offering and monthly distribution changes. The Fund's Board approved issuing transferable rights to common shareholders as of April 21, 2025, allowing them to subscribe for additional shares at a market discount.

Key benefits include:

• Opportunity to purchase shares below market price
• Management fee reduction from 1.35% to 1.00% for six months starting June 2025
• Potential increased trading volume and liquidity
• Spread of fixed operating costs across larger asset base
• Tax advantages through banking sector equity investments

The Rights offering terms include: one Right per Common Share held, with holders able to purchase one new Common Share for every three Rights. The subscription period runs from April 21 to May 14, 2025. The subscription price will be 94% of the average last reported sales price over five trading days, with a minimum of 90% of NAV. Rights will trade on NYSE under 'FINS RT'.

Angel Oak Financial Strategies Income Term Trust (FINS) has announced its May 2025 monthly distribution of $0.109 per share. The distribution details include a record date of May 2, 2025, and a payable date of May 30, 2025, with ex-distribution trading beginning May 2, 2025.

The Fund primarily invests in U.S. financial sector debt, with selective investments in financial sector preferred and common equity. At least 50% of FINS' portfolio maintains investment-grade ratings or equivalent quality as judged by Angel Oak. The distribution may include sources beyond net investment income, such as short-term capital gain, long-term capital gain, or return of capital, with final tax characteristics to be determined at fiscal year-end.