EX-99.1 2 ex99-1.htm PRESS RELEASE DATED MAY 15, 2025 Angel Oak Financial Strategies Income Term Trust 8-K Exhibit 99.1 Angel Oak Financial Strategies Income Term Trust Announces Preliminary Results of Rights Offering ATLANTA - May 15, 2025 - Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) (the “Fund”) today announced the preliminary results of its transferable rights offering (the “Offer”). The Offer commenced on April 21, 2025, and expired on May 14, 2025 (the “Expiration Date”). The Offer entitled rights holders to subscribe for up to an aggregate of 8,354,213 of the Fund’s common shares of beneficial interest, par value $0.001 per share (“Common Shares”). The final subscription price of $13.23 per Common Share was determined based upon a formula equal to 90% of the Fund’s net asset value per Common Share at the close of trading on the NYSE on the Expiration Date. As a result of high investor demand, the Offer was over-subscribed. The over-subscription requests exceeded the over-subscription shares available. Accordingly, the shares subscribed for pursuant to the over-subscription privilege of the Offer will be allocated pro rata among those fully exercisin…
Open exhibit ↗Current Report · Items 8.01, 9.01 · 8-K
Angel Oak Financial Strategies Income Term Trust
Other Events
Item 8.01. Other Events. On May 15, 2025, the Fund issued a press release, included herewith as Exhibit 99.1, and by this reference incorporated herein, announcing the results of the Fund’s transferable rights (“Rights”) offering to the holders of the Fund’s common shares (“Common Shareholders”) of beneficial interest (“Common Shares”), which entitled the holders of those Rights to subscribe for u…
Company context
Angel Oak is an investment management firm focused on providing compelling fixed-income investment solutions to its clients. Backed by a value-driven approach, Angel Oak 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.