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Angel Oak Financial Strategies Income Term Trust of Benef. Interest ( (FINS) ) has provided an update.
On May 15, 2025, Angel Oak Financial Strategies Income Term Trust announced the preliminary results of its rights offering, which commenced on April 21, 2025, and expired on May 14, 2025. The offering was over-subscribed, resulting in the issuance of 8,354,213 common shares, generating approximately $110.4 million in gross proceeds. The fund anticipates significant opportunities in the financial sector, particularly with upcoming debt issuance from community banks and a favorable regulatory environment.
More about Angel Oak Financial Strategies Income Term Trust of Benef. Interest
Angel Oak Financial Strategies Income Term Trust, led by Angel Oak’s experienced financial services team, invests predominantly in U.S. financial sector debt and selective opportunities across financial sector preferred and common equity. At least 50% of its portfolio is typically publicly rated investment grade or judged to be of investment grade quality by Angel Oak.
Average Trading Volume: 69,013
See more insights into FINS stock on TipRanks’ Stock Analysis page.