{"filings":[{"id":670077,"accession_number":"0001999371-26-011462","cik":1745059,"company_name":"Angel Oak Financial Strategies Income Term Trust","ticker":"FINS","form_type":"8-K","filed_at":"2026-05-26T21:16:54+00:00","items":["1.01","3.02","5.03","8.01","9.01"],"status":"ready","headline":"FINS closes $50M MRPS offering and $40M Series C Notes; annual meeting set for Sept 25, 2026","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Closed $50M private placement of Series A MRPS ($25 liquidation preference, due April 30, 2031, rated A3 by Moody's).","Proceeds from MRPS to refinance existing debt and make new portfolio investments.","Issued $40M of 5.364% Series C Senior Notes (due July 8, 2030, rated A1); proceeds will redeem maturing 2.35% Series A Notes.","Annual shareholder meeting set for Sept 25, 2026, record date July 10; proposals include trustee elections and lowering removal threshold.","MRPS holder gains right to elect two trustees; Board nominated Ira P. Cohen as Class III trustee."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":419380000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":124414,"accession_number":"0001999371-25-018882","cik":1745059,"company_name":"Angel Oak Financial Strategies Income Term Trust","ticker":"FINS","form_type":"8-K","filed_at":"2025-11-26T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Angel Oak FINS board approves later annual meeting, proposes lowering trustee removal threshold to 66.67%","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board approved calling annual meeting later than 30 days from prior anniversary to give reprieve from recent non-routine actions (rights offering, contested annual meeting, special meeting).","Board recommends shareholder approval to amend Declaration of Trust to lower threshold for removal of a trustee for cause from 75% to 66.67%.","Shareholder proposals must comply with applicable securities laws; deadline for nominations is between 150th and 120th day before the meeting.","The special meeting of the board was on November 21, 2025; 8-K filed November 26, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":419380000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":124413,"accession_number":"0000894189-25-010675","cik":1745059,"company_name":"Angel Oak Financial Strategies Income Term Trust","ticker":"FINS","form_type":"8-K","filed_at":"2025-10-02T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"Brookfield acquires majority of FINS adviser; Trustee Triick resigns, Bortz named President","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Brookfield Asset Management Ltd. acquired majority of Angel Oak Companies, LP, parent of Fund's adviser Angel Oak, effective Oct 1, 2025.","Clayton Triick resigned as Trustee effective Sep 30, 2025; Board reduced to five members.","Ward Bortz replaced Adam Langley as President of the Fund effective Oct 1, 2025.","Change of control triggered automatic termination of prior advisory agreement; new agreement with same fee approved by Board and shareholders.","No material change expected in day-to-day management, investment objectives, or principal strategies."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":419380000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158882,"accession_number":"0001193125-25-142568","cik":1745059,"company_name":"Angel Oak Financial Strategies Income Term Trust","ticker":"FINS","form_type":"8-K","filed_at":"2025-06-18T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"FINS raises $110.4M in oversubscribed rights offering; deploys into higher-coupon bank debt","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Rights offering raised ~$110.4M, issued 8.35M shares; proceeds deployed into bank debt with avg coupon 7.65% vs portfolio avg 6.49%.","Distribution yield over 10%, discount narrowed to 5.6% as of May 31; outperformed index on 1/3/5yr and since inception.","Total managed AUM increased to $585.9M from $492.1M; bank debt allocation rose to 70.3% of portfolio.","Brookfield acquisition of Angel Oak parent pending shareholder vote June 26; new advisory agreement requires approval."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":419380000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158881,"accession_number":"0001999371-25-006117","cik":1745059,"company_name":"Angel Oak Financial Strategies Income Term Trust","ticker":"FINS","form_type":"8-K","filed_at":"2025-05-15T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Angel Oak FINS reports oversubscribed rights offering; gross proceeds ~$110.4M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Rights offering expired May 14, 2025; all 8,354,213 shares issued at $13.23/share (90% of NAV).","Offering oversubscribed; over-subscription requests allocated pro rata among record date shareholders.","Gross proceeds expected ~$110.4 million.","Pending Brookfield acquisition of parent Angel Oak; new advisory agreement subject to shareholder vote June 26, 2025.","Portfolio manager cites opportunities in community bank debt and favorable regulatory backdrop."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":419380000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158880,"accession_number":"0001999371-25-004493","cik":1745059,"company_name":"Angel Oak Financial Strategies Income Term Trust","ticker":"FINS","form_type":"8-K","filed_at":"2025-04-21T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Angel Oak Financial Strategies Income Term Trust launches rights offering for up to 8.35M shares at $12.82","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Record date shareholders receive one right per share; 3 rights buy 1 common share at $12.82.","Up to 8,354,213 new common shares issuable; expiration date is May 14, 2025.","UBS Securities LLC serves as Dealer Manager; Equiniti Trust Company is Subscription Agent.","Over-subscription privilege available for holders who fully exercise basic subscription rights.","No change in dividend or NAV disclosed; proceeds for general corporate purposes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":419380000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158879,"accession_number":"0001193125-25-079135","cik":1745059,"company_name":"Angel Oak Financial Strategies Income Term Trust","ticker":"FINS","form_type":"8-K","filed_at":"2025-04-11T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Angel Oak FINS launches 1-for-3 rights offering at discount; fee waiver to 1.00%","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Record Date April 21, 2025; 1 Right per share, 1 new share per 3 Rights; subscription period April 21 – May 14.","Subscription price = 94% of 5-day avg closing price (floor of 90% of NAV) set on Expiration Date.","Rights expected to trade on NYSE under \"FINS RT\"; oversubscription privilege available.","Adviser voluntarily waives fees to cap management fee at 1.00% (from 1.35%) for six months from June 2025.","Monthly distributions declared: payable April 30 (record April 16) and May 30 (record May 2); new shares not eligible."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":419380000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158878,"accession_number":"0001193125-25-069744","cik":1745059,"company_name":"Angel Oak Financial Strategies Income Term Trust","ticker":"FINS","form_type":"8-K","filed_at":"2025-04-01T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Angel Oak Financial Strategies Income Term Trust reports Brookfield to acquire majority of investment adviser's parent","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Brookfield Asset Management to acquire majority of Angel Oak Companies, LP, parent of the Fund's investment adviser.","Transaction expected to close by September 30, 2025, resulting in change of control of Angel Oak.","Change of control will cause automatic termination of existing advisory agreement; new agreement to be proposed.","Fund's Board will consider new advisory agreement; shareholder approval required at special meeting.","New advisory agreement expected to have same fee and similar terms; no material change to fund management."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":419380000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":430495,"accession_number":"0001193125-21-277322","cik":1745059,"company_name":"Angel Oak Financial Strategies Income Term Trust","ticker":"FINS","form_type":"8-K","filed_at":"2021-09-20T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Angel Oak Financial Strategies Income Term Trust launches rights offering for up to 5,076,333 shares at 1-for-3 ratio","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Record date September 20, 2021; shareholders receive one Right per share held, three Rights to purchase one new share.","Maximum of 5,076,333 common shares offered; estimated subscription price $16.87 per share, final price set on October 14, 2021 expiry.","UBS Securities LLC serves as dealer manager; Computershare as subscription agent; Georgeson LLC as information agent.","Holders who fully exercise Rights may oversubscribe for additional shares, subject to pro-rata allocation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":419380000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}