MetLife clients buy $40M Angel Oak FINS 5.364% notes

Rhea-AI Filing Summary

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.

Insights

Credit markets analyst

Institutional clients bought $40M of FINS 5.364% notes via MetLife.

MetLife Investment Management, LLC reported an open-market purchase of $40,000,000 aggregate principal amount of Angel Oak Financial Strategies Income Term Trust 5.364% Series C Senior Unsecured Notes due July 8, 2030. The filing specifies these securities are held directly by clients for whom MetLife acts as investment manager.

This makes the transaction an institutional allocation into FINS’s debt, rather than a proprietary bet by MetLife itself. MetLife also disclaims beneficial ownership except to the extent of its pecuniary interest, which is standard language for asset managers reporting under Section 16.

Insider Trade Summary

Net Buyer: 40,000,000 shares

Net Buy 1 txn

Insider MetLife Investment Management, LLC

Role 10% Owner

Bought 40,000,000 shs

Type	Security	Shares	Price	Value
Purchase	5.364% Series C Senior Unsecured Notes due July 8, 2030 F1, F2, F3	40,000,000	$40,000,000.00 as filed	--

• Price shown as filed: $40,000,000.00 per share is far above the $12.95 close on Jul 8, 2026, so no transaction value is shown.

Holdings After Transaction: 5.364% Series C Senior Unsecured Notes due July 8, 2030 — 0 shares (Indirect, See Footnotes)

Footnotes (3)

1. F1. This price reflects the aggregate principal amount of the 5.364% Series C Senior Unsecured Notes due July 8, 2030 purchased.
2. F2. These securities are held directly by clients for whom the Reporting Person serves as investment manager.
3. F3. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Key Figures

Aggregate principal amount purchased: $40,000,000 Coupon rate: 5.364% Maturity date: July 8, 2030 +1 more

4 metrics

Aggregate principal amount purchased $40,000,000 Open-market purchase of 5.364% Series C Senior Unsecured Notes due July 8, 2030

Coupon rate 5.364% Interest rate on Series C Senior Unsecured Notes of Angel Oak Financial Strategies Income Term Trust

Maturity date July 8, 2030 Maturity of 5.364% Series C Senior Unsecured Notes purchased for client accounts

Net buy direction 40,000,000 units Net-buy transaction summary for non-derivative securities reported on this Form 4

Key Terms

Series C Senior Unsecured Notes, aggregate principal amount, investment manager, pecuniary interest, +1 more

5 terms

Series C Senior Unsecured Notes financial

"5.364% Series C Senior Unsecured Notes due July 8, 2030"

aggregate principal amount financial

"This price reflects the aggregate principal amount of the 5.364% Series C"

The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.

investment manager financial

"securities are held directly by clients for whom the Reporting Person serves as investment manager"

pecuniary interest financial

"disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest"

Section 16 of the Securities Exchange Act of 1934 regulatory

"beneficial owner of such securities for purposes of Section 16 of the Securities"

A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did MetLife Investment Management buy in Angel Oak Financial Strategies Income Term Trust (FINS)?

MetLife Investment Management reported buying $40,000,000 aggregate principal amount of FINS’s 5.364% Series C Senior Unsecured Notes due July 8, 2030 in an open-market purchase on behalf of its investment-management clients.

Is the FINS Form 4 transaction an open-market purchase or a sale?

The FINS Form 4 reports an open-market purchase. MetLife Investment Management’s clients acquired $40,000,000 aggregate principal amount of FINS’s 5.364% Series C Senior Unsecured Notes due July 8, 2030.

Who actually holds the 5.364% Series C Senior Unsecured Notes reported for FINS?

The notes are held directly by clients for whom MetLife Investment Management serves as investment manager. MetLife states that these securities are client assets and it disclaims beneficial ownership except for its pecuniary interest.

Does MetLife Investment Management claim beneficial ownership of the FINS notes it reported?

MetLife Investment Management disclaims beneficial ownership of the FINS securities, except to the extent of its pecuniary interest. The language clarifies that the positions belong to client accounts it manages, not to MetLife itself.

What are the key terms of the Angel Oak FINS notes bought by MetLife’s clients?

The securities are 5.364% Series C Senior Unsecured Notes of Angel Oak Financial Strategies Income Term Trust, with a stated maturity date of July 8, 2030, and an aggregate principal amount purchased of $40,000,000.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/10/2026 - 04:09 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MetLife Investment Management, LLC

(Last) (First) (Middle)

ONE METLIFE WAY

(Street)

WHIPPANY NEW JERSEY 07981

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Angel Oak Financial Strategies Income Term Trust [ FINS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
5.364% Series C Senior Unsecured Notes due July 8, 2030	07/08/2026		P		40,000,000	A	$40,000,000(1)	$40,000,000	I(2)(3)	See Footnotes(2)(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This price reflects the aggregate principal amount of the 5.364% Series C Senior Unsecured Notes due July 8, 2030 purchased.

2. These securities are held directly by clients for whom the Reporting Person serves as investment manager.

3. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

	/s/ Israel Grafstein, Chief Compliance Officer of MetLife Investment Management, LLC	07/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)