Angel Oak Financial Strategies Income Term Trust (FINS) reports developments for a non-diversified closed-end management investment company focused on current income and total return. The Fund invests predominantly in U.S. financial sector debt and may also hold selective financial sector preferred and common equity, with a stated emphasis on investment-grade debt or comparable unrated investments under normal conditions.
Recurring news for FINS centers on fund governance, shareholder votes, advisory-agreement matters, capital actions and NAV-related commentary. Recent company updates also cover the completed change of control at the parent of Angel Oak Capital Advisors, LLC, the Fund’s investment adviser, and the shareholder-approved advisory agreement related to that adviser-level change.
Angel Oak Financial Strategies Income Term Trust (FINS) has declared a distribution of $0.109 per share for August 2024. The record date is August 16, 2024, and the payable date is August 30, 2024. The Fund aims to pay distributions reflecting actual net investment income earned, but a portion may come from other sources. FINS invests primarily in U.S. financial sector debt, with at least 50% of its portfolio in investment-grade securities.
Angel Oak Capital Advisors, the Fund's investment adviser, focuses on delivering attractive, risk-adjusted returns through stable income and price appreciation. The firm specializes in mortgage-backed securities and structured credit. Investors should consider the Fund's objectives, risks, charges, and expenses before investing.
Angel Oak Financial Strategies Income Term Trust (FINS), a closed-end fund on the NYSE, declared a $0.109/share distribution for July 2024. The record date is July 17, 2024, with a payable date of July 31, 2024. The fund will trade ex-distribution on the same day. Distributions may include net investment income, short-term or long-term capital gains, or return of capital. Shareholders will receive a notice per Section 19(a) of the Investment Company Act if distributions come from sources other than net investment income. Final tax characteristics will be determined post-fiscal year-end and outlined in Form 1099-DIV. Managed by Angel Oak Capital Advisors, FINS invests primarily in U.S. financial sector debt, maintaining at least 50% investment-grade quality. Angel Oak Capital Advisors specializes in mortgage-backed securities and structured credit.
Angel Oak Financial Strategies Income Term Trust (FINS), a closed-end fund traded on the NYSE, declared a June 2024 distribution of $0.109 per share. The record date is June 14, 2024, and payment is due on June 28, 2024. FINS aims to distribute net investment income, but portions may come from other sources like capital gains or return of capital. Detailed tax characteristics will be provided on Form 1099-DIV post fiscal year-end. FINS invests mainly in U.S. financial sector debt, with at least 50% of its portfolio rated investment grade. Investors should consider all investment aspects before investing.
Angel Oak Financial Strategies Income Term Trust (FINS) declared a distribution of $0.109 per share for May 2024. The record date is May 17, 2024, and payable date is May 31, 2024. The Fund aims to pay distributions reflecting net investment income earned.
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