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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) has declared a monthly distribution of $0.115 per share for October 2025. The distribution will be payable on October 31, 2025, with a record date of October 17, 2025.

FINS, managed by Angel Oak Capital Advisors, focuses on U.S. financial sector debt investments, with at least 50% of its portfolio maintaining investment-grade quality. The fund notes that distributions may come from various sources, including net investment income, capital gains, or return of capital, with final tax characteristics to be determined at fiscal year-end.

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) announced that shareholders have approved a new investment advisory agreement with Angel Oak Capital Advisors, LLC during a special meeting held on September 26, 2025. The approval relates to the combination of Angel Oak and Brookfield Asset Management.

Board Chair Ira P. Cohen expressed gratitude for shareholder approval and indicated the Board's commitment to enhancing Fund governance, with future updates to be provided when concrete developments emerge.

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) has filed an investor presentation regarding its new investment advisory agreement with Brookfield Asset Management. The Fund's Board unanimously recommends shareholders vote "FOR" the new agreement at the Special Meeting on September 26, 2025.

The new agreement maintains the Fund's existing strategy, management team, and fee structure while leveraging Brookfield's global resources. Key performance highlights include outperformance of its benchmark over 1-, 3-, and 5-year periods, with an initial NAV investment of $20 now worth $24.07. The Fund's trading discount has narrowed to 3.9% as of August 31, 2025.

Shareholders of record as of August 20, 2025, are eligible to vote on the proposals, which include the new agreement approval and potential meeting adjournments.

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) has declared a monthly distribution of $0.115 per share for September 2025. The distribution has a record date of September 16, 2025, and will be payable on September 30, 2025.

FINS, managed by Angel Oak Capital Advisors, focuses on U.S. financial sector debt investments, with at least 50% of its portfolio maintained at investment grade quality. The fund may distribute from various sources including net investment income, short-term capital gains, long-term capital gains, or return of capital, with final tax characteristics to be determined at fiscal year-end.

Trevor Montano, a concerned shareholder of Angel Oak Financial Strategies Income Term Trust (NYSE: FINS), has issued a letter urging fellow shareholders to vote AGAINST a new investment advisory agreement with Angel Oak Capital Advisors, LLC at an upcoming Special Meeting. The letter highlights significant concerns, including FINS' share price decline of over 35% since inception in 2019 and poor performance relative to peers.

Key issues include the fund's underperformance in 3- and 5-year returns, Angel Oak receiving more in advisory fees ($20.0M) than net income generated ($9.0M) over FY 2023-2025, and governance concerns regarding unelected trustees. The fund has traded at a persistent discount to NAV since February 2020, with a median discount of 9.4%, more than double the peer median.

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) has filed a definitive proxy statement for a special shareholder meeting on September 26, 2025. The Fund's Board unanimously recommends shareholders vote "FOR" a new investment advisory agreement following Brookfield Asset Management's proposed majority investment in Angel Oak Capital Advisors.

The new agreement maintains identical terms to the existing one, with no changes to fees or daily operations. The Fund has demonstrated strong performance, with outperformance against its benchmark over 1-, 3-, and 5-year periods. Recently, FINS increased its monthly distribution from $0.109 to $0.115 per share and maintains a distribution yield over 10%, with a NAV discount of 4.8% as of August 22, 2025.

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) has declared a monthly distribution of $0.115 per share for August 2025, representing an increase from the previous $0.109 and equating to approximately 10% distribution on NAV. The distribution will be payable on August 29, 2025, with a record date of August 15, 2025.

Following a recent Rights Offering, Angel Oak Capital Advisors has successfully deployed approximately half of the proceeds into higher-yielding community bank bonds with an average coupon of 7.68% (range: 7.00%-9.00%), significantly above the Fund's average coupon of 6.51% as of June 30, 2025. The Fund benefits from strong banking sector fundamentals, upcoming fixed-to-floating rate transitions in its portfolio, and increased M&A activity in 2025.

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.