0001816321-22-000007.txt : 20220802 0001816321-22-000007.hdr.sgml : 20220802 20220802153155 ACCESSION NUMBER: 0001816321-22-000007 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220729 FILED AS OF DATE: 20220802 DATE AS OF CHANGE: 20220802 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Angel Oak Capital Partners II, LLC CENTRAL INDEX KEY: 0001816411 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 811-23358 FILM NUMBER: 221128412 BUSINESS ADDRESS: STREET 1: 3344 PEACHTREE ROAD NE STREET 2: SUITE 1725 CITY: ATLANTA STATE: GA ZIP: 30309 BUSINESS PHONE: (404) 637-0412 MAIL ADDRESS: STREET 1: 3344 PEACHTREE ROAD NE STREET 2: SUITE 1725 CITY: ATLANTA STATE: GA ZIP: 30309 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 2022-07-29 0 0001745059 Angel Oak Financial Strategies Income Term Trust FINS 0001816411 Angel Oak Capital Partners II, LLC C/O ANGEL OAK CAPITAL ADVISORS 3344 PEACHTREE ROAD NE, SUITE 1725 ATLANTA GA 30326 0 0 0 1 General Partner of Adviser Common Stock 2022-07-29 4 J 0 136799.59 A 136799.59 D Effective as of July 29, 2022, the Angel Oak Dynamic Financial Strategies Income Term Trust (the "Target Fund") was reorganized into the Angel Oak Financial Strategies Income Term Trust (the "Acquiring Fund," and such reorganization, the "Reorganization"). Common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the Effective Date, as defined in the Agreement and Plan of Reorganization, less the costs of the Reorganization (although cash was distributed for any fractional shares). As of July 29, 2022, the Target Fund reported a NAV per share of $19.1618 and the Acquiring Fund reported a NAV per share of $16.3330. The conversion ratio for the Target Fund's common shares was 1.1732. Micheal Alexander 2022-08-02