Angel Oak Financial Strategies Income Term Trust Declares May 2024 Distribution

Rhea-AI Summary

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.

ATLANTA--(BUSINESS WIRE)-- Angel Oak Financial Strategies Income Term Trust (the “Fund”), a closed-end fund traded on the New York Stock Exchange under the symbol FINS, today declared a distribution of $0.109 per share for the month of May 2024. The record date for the distribution is May 17, 2024, and the payable date is May 31, 2024. The Fund will trade ex-distribution on May 16, 2024.

The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned. A portion of each distribution may be treated as paid from sources other than net investment income, including but not limited to short-term capital gain, long-term capital gain, or return of capital. As required by Section 19(a) of the Investment Company Act of 1940, a notice will be distributed to shareholders in the event that a portion of a monthly distribution is derived from sources other than undistributed net investment income. The final determination of the source and tax characteristics of these distributions will depend upon the Fund’s investment experience during its fiscal year and will be made after the Fund’s year end. The Fund will send to investors a Form 1099-DIV for the calendar year that will define how to report these distributions for federal income tax purposes.

ABOUT FINS

Led by Angel Oak’s experienced financial services team, FINS invests predominantly in U.S. financial sector debt as well as selective opportunities across financial sector preferred and common equity. Under normal circumstances, at least 50% of FINS’ portfolio is publicly rated investment grade or, if unrated, judged to be of investment grade quality by Angel Oak.

ABOUT ANGEL OAK CAPITAL ADVISORS, LLC

Angel Oak Capital Advisors is an investment management firm focused on providing compelling fixed-income investment solutions to its clients. Backed by a value-driven approach, Angel Oak Capital Advisors seeks to deliver attractive, risk-adjusted returns through a combination of stable current income and price appreciation. Its experienced investment team seeks the best opportunities in fixed income, with a specialization in mortgage-backed securities and other areas of structured credit.

Information regarding the Fund and Angel Oak Capital Advisors can be found at www.angeloakcapital.com.

Past performance is neither indicative nor a guarantee of future results. Investors should consider the investment objective and policies, risk considerations, charges and ongoing expenses of an investment carefully before investing. For more information please contact your investment representative or Destra Capital Advisors LLC at 877.855.3434.

© 2024 Angel Oak Capital Advisors, which is the investment adviser to the Angel Oak Financial Strategies Income Term Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240501461914/en/

Media:

Trevor Davis, Gregory FCA for Angel Oak Capital Advisors

443-248-0359

trevor@gregoryfca.com

Company:

Randy Chrisman, Chief Marketing & Corporate IR Officer, Angel Oak Capital Advisors

404-953-4969

randy.chrisman@angeloakcapital.com

Source: Angel Oak Financial Strategies Income Term Trust

FAQ

What is the symbol for Angel Oak Financial Strategies Income Term Trust?

The symbol for the fund is FINS.

What is the distribution per share for May 2024?

The distribution per share for May 2024 is $0.109.

When is the record date for the distribution?

The record date for the distribution is May 17, 2024.

When is the payable date for the distribution?

The payable date for the distribution is May 31, 2024.

What is the Fund's focus in terms of investments?

FINS invests predominantly in U.S. financial sector debt and selective opportunities in financial sector preferred and common equity.

Who is Angel Oak Capital Advisors?

Angel Oak Capital Advisors is an investment management firm that provides fixed-income investment solutions with a focus on delivering attractive, risk-adjusted returns.

Where can more information about the Fund and Angel Oak Capital Advisors be found?

More information can be found at www.angeloakcapital.com.