Angel Oak Financial Strategies Income Term Trust reports Brookfield to acquire majority of investment adviser's parent

Angel Oak Financial Strategies Income Term Trust

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.

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