Angel Oak Trust announces October 2024 distribution of $0.109

In October 2024, Angel Oak Financial Strategies Income Term Trust, a closed-end fund listed on the New York Stock Exchange under the symbol FINS, announced a distribution of $0.109 per share. The record date for this distribution is set for October 17, 2024, with payments scheduled for October 31, 2024. The fund will also trade ex-distribution on the same day as the record date. This distribution reflects the net investment income earned by the fund, although a portion may come from other sources such as capital gains or return of capital. The fund aims to provide a distribution rate that mirrors the actual net investment income generated. As per regulatory requirements, shareholders will receive a notice if any part of the distribution is derived from sources other than undistributed net investment income. The final classification of these distributions will be determined after the fund's fiscal year ends, based on its investment performance. Investors will receive a Form 1099-DIV for tax reporting purposes, which will clarify how to report these distributions for federal income tax. It is important to note that a return of capital does not necessarily indicate the fund's investment performance and should not be mistaken for yield or income. Angel Oak Financial Strategies primarily invests in U.S. financial sector debt and selectively in preferred and common equity within the financial sector. The fund's investment strategy emphasizes maintaining at least 50% of its portfolio in publicly rated investment-grade securities or those deemed of investment-grade quality by Angel Oak.