News
Angel Oak Financial Strategies Income Term Trust Declares July 2024 Distribution
Angel Oak Financial Strategies Income Term Trust (FINS), a closed-end fund on the NYSE, has declared a $0.109/share distribution for July 2024. The record date is July 17, 2024, with a payment date of July 31, 2024. The fund will trade ex-distribution on the same day. Distributions may include net investment income, short-term or long-term capital gains, or return of capital. Shareholders will receive notice under Section 19(a) of the Investment Company Act if distributions are from sources other than net investment income. Final tax characteristics will be determined after the end of the taxable year and described on Form 1099-DIV. Managed by Angel Oak Capital Advisors, FINS invests primarily in U.S. financial sector debt, maintaining at least 50% investment grade quality. Angel Oak Capital Advisors specializes in mortgage-backed securities and structured credit.
07/01/2024 – 16:30
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 July 2024. The record date for the distribution is July 17, 2024, and the payment date is July 31, 2024. The Fund will trade ex-distribution on July 17, 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 provided 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 such distributions will depend on the Fund’s investment experience during its taxable year and will be made after the end of the Fund’s taxable year. The Fund will send investors a Form 1099-DIV for the calendar year that will set forth how to report such distributions for federal income tax purposes.
ABOUT THE FINS
Led by Angel Oak’s experienced financial services team, FINS invests predominantly in U.S. financial sector debt, as well as selective financial sector preferred and common equity opportunities. Under normal circumstances, at least 50% of FINS’ portfolio is publicly rated as 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 attractive fixed income investment solutions to its clients. Supported 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 specialization in mortgage-backed securities and other areas of structured credit.
Information about the Fund and Angel Oak Capital Advisors can be found at www.angeloakcapital.com.
Past performance is not an indication or guarantee of future results. Investors should carefully consider the investment objective and policies, risk considerations, and ongoing charges and expenses of an investment before investing. For more information, contact your investment representative or Destra Capital Advisors LLC at 877.855.3434.
© 2024 Angel Oak Capital Advisors, which is the investment advisor to the Angel Oak Financial Strategies Income Term Trust.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240701629073/en/
Media:
Trevor Davis, Gregory FCA for Angel Oak Capital Advisors
443-248-0359
trevor@gregoryfca.com
Company:
Randy Chrisman, Director of Marketing and Corporate IR, Angel Oak Capital Advisors
404-953-4969
randy.chrisman@angeloakcapital.com
Source: Angel Oak Capital Advisors, LLC
Common questions
What is the July 2024 distribution amount for the Angel Oak Financial Strategies Income Term Trust (FINS)?
The distribution amount for July 2024 is $0.109 per share.
When is the registration date for the FINS distribution in July 2024?
The record date for the July 2024 distribution is July 17, 2024.
What is the payment date for the July 2024 FINS distribution?
The payment date for the July 2024 distribution is July 31, 2024.
When will FINS trade ex-distribution for the July 2024 distribution?
FINS will trade ex-distribution on July 17, 2024.
What can FINS distribution sources include?
Distributions may include net investment income, short-term or long-term capital gains, or return of capital.
How will shareholders be informed if a portion of the FINS distribution comes from sources other than net investment income?
Shareholders will receive notice as required by Section 19(a) of the Investment Company Act.
When will the final tax characteristics of FINS distributions be determined?
Final tax characteristics will be determined after the end of the fund’s fiscal year.
What form will investors receive to report FINS distributions for federal income tax purposes?
Investors will receive a Form 1099-DIV to report distributions.