Angel Oak Financial Strategies Income Term Trust Receives Unanimous Recommendations to Vote 'FOR' New Investment Advisory Agreement from ISS, Glass Lewis, and Egan-Jones

Angel Oak Financial Strategies Income Term Trust has received unanimous recommendations from ISS, Glass Lewis, and Egan-Jones to vote "FOR" its new investment advisory agreement with Angel Oak Capital Advisors. The agreement aims to provide attractive, risk-adjusted returns through a combination of stable current income and price appreciation. The special meeting will be held on September 26, 2025, and shareholders are encouraged to vote their shares promptly.

Angel Oak Financial Strategies Income Term Trust (FINS) has announced a special meeting to be held on September 26, 2025, where shareholders will be asked to vote on a new investment advisory agreement with Angel Oak Capital Advisors. The agreement aims to provide attractive, risk-adjusted returns through a combination of stable current income and price appreciation.

The special meeting comes after unanimous recommendations from ISS, Glass Lewis, and Egan-Jones to vote "FOR" the new advisory agreement. The recommendations highlight the potential benefits of the agreement, which includes a focus on stable current income and price appreciation. However, shareholders are encouraged to review the details and vote their shares promptly.

The new advisory agreement is linked to the acquisition of the manager Angel Oak by Brookfield. This acquisition has raised concerns among some shareholders, who argue that the investment adviser was not selected through an independent process and that the board is not independent of Angel Oak. Additionally, the share price of FINS has decreased by a third since inception, and the fund has traded at a wide discount. Despite these concerns, the fund has performed at or above the median level on a 3- and 5-year total NAV return basis CEF Weekly Review: The FINS Cage Match^[2].

The special meeting is an opportunity for shareholders to voice their opinions and make an informed decision about the future of the fund. It is crucial for shareholders to review the details of the new advisory agreement and consider the potential impact on their investments.