Angel Oak FINS launches 1-for-3 rights offering at discount; fee waiver to 1.00%

Angel Oak Financial Strategies Income Term Trust

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.

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