Angel Oak FINS board approves later annual meeting, proposes lowering trustee removal threshold to 66.67%

Angel Oak Financial Strategies Income Term Trust

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.

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