---
schema_version: "secwatch.filing_event.v1"
accession: "0000894189-25-010675"
form_type: "8-K"
ticker: "FINS"
cik: "0001745059"
company_name: "Angel Oak Financial Strategies Income Term Trust"
filed_at: "2025-10-02T23:59:59+00:00"
generated_at: "2026-05-17T04:56:38.301675+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Brookfield acquires majority of FINS adviser; Trustee Triick resigns, Bortz named President

## Summary
- 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.

## SEC filing metadata
- accession: 0000894189-25-010675
- form_type: 8-K
- ticker: FINS
- cik: 0001745059
- company_name: Angel Oak Financial Strategies Income Term Trust
- filed_at: 2025-10-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1745059/000089418925010675/0000894189-25-010675-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1745059/000089418925010675/ck0001745059-20251002.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000894189-25-010675
- JSON: https://secwatch.observer/filing/0000894189-25-010675.json
- Plain text: https://secwatch.observer/filing/0000894189-25-010675.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.