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