Angel Oak Financial Strategies Income Term Trust Announces Rights Offering, Expansion of Investment Mandate, and Monthly Distribution

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Sep 09, 2021

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) (the "Fund") today announced that its Board of Trustees (the "Board") has approved the terms of the issuance of transferable rights ("Rights") to the holders of the Fund's common shares (“Common Shareholders”) of beneficial interest ("Common Shares") as of September 20, 2021 (the "Record Date"). Holders of Rights will be entitled to subscribe for additional Shares (the "Offer") at a discount to the market price of the Common Shares (subject to a sales load).