Angel Oak Financial Strategies Income Term Trust Approves New Investment Advisory Agreement

Angel Oak Financial Strategies Income Term Trust has filed a definitive proxy statement for a special meeting on September 26, 2025. The board unanimously recommends approving a new investment advisory agreement with Brookfield Asset Management's proposed majority investment in Angel Oak. Shareholders are asked to vote "FOR" the agreement, which will ensure continuity of the fund's investment strategy and management team, leverage Brookfield's global platform, and maintain a historically stable monthly distribution.

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) has filed a definitive proxy statement for a special meeting of shareholders scheduled for September 26, 2025. The board of trustees unanimously recommends that shareholders vote "FOR" the approval of a new investment advisory agreement (New Agreement) [1]. This agreement is proposed in connection with Brookfield Asset Management Ltd.'s (Brookfield) proposed majority investment in Angel Oak Capital Advisors, LLC (Angel Oak), which is expected to close on or before September 30, 2025.

The New Agreement is substantially identical to the existing investment advisory agreement, ensuring that the day-to-day management and operations of the Fund remain unchanged. The Fund's portfolio managers will also remain the same, and the monthly distribution policy will continue at the new, higher rate of $0.115 per share [1].

The board believes that the partnership with Brookfield will benefit the Fund and shareholders by leveraging Brookfield's global platform, resources, and expertise while retaining Angel Oak's specialized focus on high-yield opportunities in the community banking sector [1]. This agreement will allow the Fund to benefit from Brookfield's scale and financial strength, with incremental benefits of market access, balance-sheet support, and expanded distribution.

Shareholder approval of the New Agreement is essential to ensuring continuity of the Fund's investment strategy and management team, while allowing Fund operations to remain uninterrupted [1]. The Fund has a strong track record of value creation, delivering disciplined credit quality, a differentiated investment approach, and a distribution yield over 10% [1].

The proxy statement also notes that the leading proxy advisor Institutional Shareholder Services (ISS) supported a vote "FOR" the New Agreement, stating that there do not appear to be any material concerns with the new contract [1].

Shareholders of record as of August 20, 2025, are entitled to vote at the Special Meeting. The Fund urges all shareholders to promptly vote their shares "FOR" the New Agreement by following the instructions provided in their proxy materials [1].

References:
[1] Angel Oak Financial Strategies Income Term Trust. (2025, August 25). Angel Oak Financial Strategies Income Term Trust Files Definitive Proxy for Special Meeting. Business Wire. Retrieved from https://www.businesswire.com/news/home/20250825696691/en/