0001777418-21-000002.txt : 20211018
0001777418-21-000002.hdr.sgml : 20211018
20211018143034
ACCESSION NUMBER: 0001777418-21-000002
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: Palsson Johannes
CENTRAL INDEX KEY: 0001777418
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 811-23358
FILM NUMBER: 211328049
MAIL ADDRESS:
STREET 1: 3344 PEACHTREE ROAD NE
STREET 2: SUITE 1725
CITY: ATLANTA
STATE: GA
ZIP: 30326
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
0001777418
Palsson Johannes
3344 PEACHTREE ROAD NE
SUITE 1725
ATLANTA
GA
30326
0
0
0
1
Portfolio Manager
Common Stock
2021-10-14
4
X
0
5959
16.06
A
23948.3
D
Transferable Subscription Right (right to buy)
2021-10-14
4
X
0
17877
D
2021-09-20
2021-10-14
Common Stock
5959
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