Angel Oak Financial Strategies Income Term Trust (FINS) filings document material events and governance records for a closed-end fund advised by Angel Oak Capital Advisors, LLC. The Fund’s regulatory disclosures cover board actions, shareholder meeting procedures, advisory-agreement matters, capital-structure events and other governance topics relevant to its listed fund structure.
Recent Form 8-K disclosures include meeting-timing and advance-notice bylaw matters, as well as references to a completed rights offering, a contested annual meeting and a special shareholder meeting. The filing record also includes material-event reporting tied to fund governance, adviser arrangements and capital actions.
Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC reported shared voting and dispositive power over 11,323,734 shares of Angel Oak Financial Strategies Income Term Trust (FINS) common stock, representing 33.9% of the class for each adviser. The percentage is based on 33,416,851 shares outstanding as of July 31, 2026. The shares are owned by client accounts managed by the advisers; the advisers state they may be deemed beneficial owners through their shared powers but disclaim beneficial ownership.
Angel Oak Financial Strategies Income Term Trust (FINS) President Robert Edward Bortz III purchased 418 shares of common stock at $11.92 per share on October 12, 2026. The purchase was direct, and his reported direct holdings afterward were 1,238 shares. No Rule 10b5-1 plan is reported.
Angel Oak Financial Strategies Income Term Trust (FINS) shareholders approved an amendment to the Declaration of Trust lowering the threshold for shareholders to remove a Trustee for “Cause” from 75% to 66.67%. The amendment also lowers from 75% to 66.67% the threshold for Trustees to remove a Trustee for Cause, as defined in the Declaration of Trust.
Shareholders elected Keith M. Schappert and Andrea N. Mullins as Class II Trustees and Ira P. Cohen as a Class III Trustee, and ratified the Fund’s independent registered public accounting firm for the fiscal year ending January 31, 2027. The approved adjournment to solicit additional proxies or establish a quorum was not needed or made. A combined 32,636,945 common shares and MRPS were voted in person or by proxy, representing 92.15% of shares entitled to vote.
Kevin Parks, portfolio manager of Angel Oak Financial Strategies Income Term Trust, purchased 1,000 shares of common stock for $11.90 per share on September 25, 2026. His directly held position after the purchase was 7,667 shares.
Angel Oak Financial Strategies Income Term Trust (FINS) reported that Portfolio Manager Kevin Parks purchased common shares. On September 14, 2026, he bought 1,000 shares of common stock at $12.53 per share in a direct transaction, bringing his directly held position to 6,667 shares after the trade.
Angel Oak Financial Strategies Income Term Trust faces an activist-led proxy contest for its 2026 annual meeting. Shareholder Trevor Montano, who owns 66,100 common shares as of the July 10, 2026 record date, is soliciting proxies on a GREEN card to (1) elect himself as a Class II Trustee in place of one incumbent and (2) approve a proposal to terminate the Fund’s Investment Advisory Agreement with Angel Oak Capital Advisors, LLC.
The Fund has scheduled five proposals, including electing two Class II trustees, electing a preferred trustee, amending the Declaration of Trust to lower the threshold to remove a trustee for cause from 75% to 66.67%, authorizing adjournments, and ratifying Cohen & Company, Ltd. as auditor. Montano recommends voting for the governance threshold change, against adjournment authority, and makes no recommendation on the preferred trustee or auditor ratification.
There is a procedural dispute over whether Montano’s nomination and advisory-termination proposal are properly before the meeting under the Fund’s bylaws and Rule 14a-8. The Fund has stated they are not; Montano disagrees and reserves rights, including potential relief. Voting power includes 33,416,851.4 common shares and 2,000,000 Series A Mandatorily Redeemable Preferred Shares, for a combined 35,416,851 voting securities.
MetLife Investment Management, LLC, a ten-percent owner of Angel Oak Financial Strategies Income Term Trust, reported an open-market purchase on behalf of its investment-management clients of $40,000,000 aggregate principal amount of the trust’s 5.364% Series C Senior Unsecured Notes due July 8, 2030. MetLife Investment Management disclaims beneficial ownership beyond its pecuniary interest.
Angel Oak Financial Strategies Income Term Trust reports that MetLife Investment Management, LLC beneficially owns 2,000,000 Series A Mandatory Redeemable Preferred Shares, representing 100% of that series as of May 31, 2026. The Reporting Person states it manages these shares on behalf of clients including Metropolitan Tower Life Insurance Company and Metropolitan Life Insurance Company.
MetLife Investment Management, LLC filed an initial ownership report for Angel Oak Financial Strategies Income Term Trust. The filing shows indirect holdings of 2,000,000 Series A Mandatory Redeemable Preferred Shares, held in client accounts it manages, and MetLife Investment Management disclaims beneficial ownership except for its pecuniary interest.