FINS closes $50M MRPS offering and $40M Series C Notes; annual meeting set for Sept 25, 2026

Angel Oak Financial Strategies Income Term Trust

Closed $50M private placement of Series A MRPS ($25 liquidation preference, due April 30, 2031, rated A3 by Moody's).
Proceeds from MRPS to refinance existing debt and make new portfolio investments.
Issued $40M of 5.364% Series C Senior Notes (due July 8, 2030, rated A1); proceeds will redeem maturing 2.35% Series A Notes.
Annual shareholder meeting set for Sept 25, 2026, record date July 10; proposals include trustee elections and lowering removal threshold.
MRPS holder gains right to elect two trustees; Board nominated Ira P. Cohen as Class III trustee.

item 1.01 item 3.02 item 5.03 item 8.01 item 9.01

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