Angel Oak Financial Strategies Income Term Trust Form 8-K Filing

This Form 8-K details significant events for Angel Oak Financial Strategies Income Term Trust (FINS) as of May 22, 2026. The Trust entered into a Securities Purchase Agreement for the issuance and sale of 2,000,000 shares of Series A Mandatorily Redeemable Preferred Shares (MRPS) at a liquidation preference of $25.00 per share, raising $50 million. These proceeds will be used primarily to refinance existing debt and make new portfolio investments. The Securities Purchaser has the right to elect two members to the Fund's board of trustees. Additionally, FINS entered into a Note Purchase Agreement for the private offering of $40 million in 5.364% Series C Senior Notes, due July 8, 2030. These proceeds will be used to redeem the Fund's 2.35% Series A Senior Notes. The Trust also announced the 2026 annual shareholder meeting, scheduled for September 25, 2026, with proposals including the election of trustees, an amendment to the Declaration of Trust to lower thresholds for trustee removal, and the ratification of Cohen & Company, Ltd. as the independent registered public accounting firm.