{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-142568","form_type":"8-K","ticker":"FINS","cik":"0001745059","company_name":"Angel Oak Financial Strategies Income Term Trust","filed_at":"2025-06-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.569554+00:00","generated_at":"2026-05-19T03:13:00.532117+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FINS raises $110.4M in oversubscribed rights offering; deploys into higher-coupon bank debt","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-142568","json":"https://secwatch.observer/filing/0001193125-25-142568.json","markdown":"https://secwatch.observer/filing/0001193125-25-142568.md","text":"https://secwatch.observer/filing/0001193125-25-142568.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1745059/000119312525142568/0001193125-25-142568-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1745059/000119312525142568/d939251d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T03:13:00.532117+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}