0001724044-21-000003.txt : 20211018 0001724044-21-000003.hdr.sgml : 20211018 20211018152649 ACCESSION NUMBER: 0001724044-21-000003 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211014 FILED AS OF DATE: 20211018 DATE AS OF CHANGE: 20211018 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Fierman Michael CENTRAL INDEX KEY: 0001724044 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 811-23358 FILM NUMBER: 211328197 MAIL ADDRESS: STREET 1: ANGEL OAK CAPITAL ADVISORS STREET 2: 3060 PEACHTREE ROAD NW, SUITE 500 CITY: ATLANTA STATE: GA ZIP: 30305 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Angel Oak Financial Strategies Income Term Trust CENTRAL INDEX KEY: 0001745059 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 BUSINESS ADDRESS: STREET 1: 3060 PEACHTREE RD SUITE 500 CITY: ATLANTA STATE: GA ZIP: 30305 BUSINESS PHONE: 404-637-0412 MAIL ADDRESS: STREET 1: 3060 PEACHTREE RD SUITE 500 CITY: ATLANTA STATE: GA ZIP: 30305 4 1 primary_doc.xml PRIMARY DOCUMENT X0306 4 2021-10-14 0 0001745059 Angel Oak Financial Strategies Income Term Trust FINS 0001724044 Fierman Michael C/O ANGEL OAK CAPITAL ADVISORS 3344 PEACHTREE ROAD NE, SUITE 1725 ATLANTA GA 30326 0 0 0 1 Investment Adviser Principal Common Stock 2021-10-14 4 X 0 3334 16.06 A 13334 D Transferable Subscription Right (right to buy) 2021-10-14 4 X 0 10002 D 2021-09-20 2021-10-14 Common Stock 3334 0 D Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) (the Fund) issued transferable rights (Rights) to the holders of the Fund's common shares (Common Shareholders) of beneficial interest (Common Shares) as of September 20, 2021 (the Record Date). Holders of Rights were entitled to subscribe for additional Shares (the Offer) at a discount to the market price of the Common Shares. The Fund distributed to Common Shareholders of record as of the record date (Record Date Shareholders) one Right for each Common Share held on the Record Date. Record Date Shareholders were entitled to purchase one new Common Share for every three Rights held (1 for 3); however, any Record Date Common Shareholder who owned fewer than three Common Shares as of the Record Date was entitled to subscribe for one Common Share. Fractional Common Shares were not issued. The subscription period commenced on the Record Date and expired on October 14, 2021. The final subscription price of $16.06 per Common Share was determined based upon the terms of the Offer. Record Date Shareholders who exercised all of their primary subscription Rights were eligible for an over-subscription privilege entitling Record Date Shareholders to subscribe for additional Common Shares not purchased pursuant to the primary subscription. The Offer was over-subscribed. The over-subscription requests exceeded the over-subscription shares available. Accordingly, the shares subscribed for pursuant to the over-subscription privilege of the Offer will be allocated pro rata among those fully exercising record date shareholders who over-subscribed based on the number of rights originally issued to them by the Fund. The Common Shares subscribed for will be issued after completion of the pro rata allocation of over-subscription shares and receipt of all shareholder payments. Chase Eldredge 2021-10-18