0001777480-21-000002.txt : 20211022
0001777480-21-000002.hdr.sgml : 20211022
20211022130053
ACCESSION NUMBER: 0001777480-21-000002
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211019
FILED AS OF DATE: 20211022
DATE AS OF CHANGE: 20211022
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Pate Cheryl
CENTRAL INDEX KEY: 0001777480
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 811-23358
FILM NUMBER: 211339782
MAIL ADDRESS:
STREET 1: 3060 PEACHTREE ROAD NW
STREET 2: 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
2021-10-19
0
0001745059
Angel Oak Financial Strategies Income Term Trust
FINS
0001777480
Pate Cheryl
C/O ANGEL OAK CAPITAL ADVISORS
3344 PEACHTREE ROAD NE, SUITE 1725
ATLANTA
GA
30326
0
0
0
1
Portfolio Manager
Common Stock
2021-10-19
4
X
0
33
16.06
A
4700
I
2,667 shares owned directly; 2,000 shares owned indirectly by spouse
Oversubscription Privilege (Contingent Right to Buy)
2021-10-19
4
X
0
99
D
2021-09-20
2021-10-14
Common Stock
33
0
D
Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) (the "Fund") issued transferrable 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"). 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). The subscription period commenced on the Record Date and expired on October 14, 2021 (the "Expiration Date").
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 by other Record Date Shareholders. 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 were 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.
On October 14, 2021 (the "Expiration Date"), the Reporting Person fully exercised their Rights to purchase 1,167 Common Shares (previously reported on a Form 4 filed on October 18, 2021). On October 19, 2021, the third-party Subscription Agent for the Offering determined the allocations to be made to Record Date Shareholders who exercised their oversubscription privilege. The Reporting Person purchased an additional 33 Common Shares pursuant to the oversubscription privileges based on the Subscription Agent's oversubscription allocation.
The final subscription price of $16.06 per Common Share was determined based upon the terms of the Offer.
Adam Langley
2021-10-22