Angel Oak Financial Strategies Income Term Trust — fact timeline

Angel Oak Financial Strategies Income Term Trust entered into Note Purchase Agreement with the purchaser named therein valued at $40 million (effective 2026-05-22).

“On May 22, 2026, the Fund entered into a notes purchase agreement (the “Note Purchase Agreement”), by and among the Fund and the purchaser named therein (the “Note Purchaser”), in connection with the private offering of the Fund’s 5.364% Series C Senior Notes, due July 8, 2030 (the “Series C Notes”), in a transaction exempt from registration under the Securities Act of 1933, as amended (the “Note Placement”). The Series C Notes bear a fixed interest rate of 5.364% per year and mature on July 8, 2030, unless redeemed, purchased or repaid prior to such date by FINS in accordance with their terms. The Fund will receive gross proceeds from the sale of Series C Notes of $40 million.”

Angel Oak Financial Strategies Income Term Trust entered into Securities Purchase Agreement with the purchaser named therein valued at $50 million (effective 2026-05-22).

“On May 22, 2026, Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) (the “Fund”) entered into a securities purchase agreement (the “Securities Purchase Agreement”), by and among the Fund and the purchaser named therein (the “Securities Purchaser”), in connection with the issuance and sale of 2,000,000 shares of the Fund’s Series A Mandatorily Redeemable Preferred Shares, due April 30, 2031, liquidation preference of $25.00 (the “MRPS”), in a transaction exempt from registration under the Securities Act of 1933, as amended (the “Preferred Placement”). The Fund received gross proceeds from the sale of the MRPS of $50 million.”

Angel Oak Financial Strategies Income Term Trust: The Fund adopted a supplement to its Declaration of Trust to establish and fix the rights and preferences of a new series of mandatorily redeemable preferred shares (MRPS) (effective 2026-05-22).

“On May 22, 2026, the Fund adopted the Supplement to Declaration of Trust Relating to Series A Mandatory Redeemable Preferred Shares (the “Supplement”) establishing and fixing the rights and preferences of the MRPS.”