Angel Oak Financial Strategies Income Term Trust (FINS) To Go Ex-Dividend on June 16th

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) declared a monthly dividend on Monday, June 1st. Stockholders of record on Tuesday, June 16th will be given a dividend of 0.115 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date is Tuesday, June 16th.

Angel Oak Financial Strategies Income Term Trust Stock Down 0.1%

NYSE FINS opened at $12.81 on Friday. Angel Oak Financial Strategies Income Term Trust has a 12 month low of $12.38 and a 12 month high of $13.55. The company has a 50-day moving average of $12.78 and a 200-day moving average of $12.97.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FINS. Royal Bank of Canada increased its stake in shares of Angel Oak Financial Strategies Income Term Trust by 2.9% during the 1st quarter. Royal Bank of Canada now owns 288,945 shares of the company’s stock valued at $3,895,000 after acquiring an additional 8,146 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Angel Oak Financial Strategies Income Term Trust by 3.7% during the 2nd quarter. Cetera Investment Advisers now owns 36,783 shares of the company’s stock valued at $477,000 after acquiring an additional 1,324 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 2nd quarter valued at about $76,000. First Trust Advisors LP increased its stake in shares of Angel Oak Financial Strategies Income Term Trust by 63.5% during the 2nd quarter. First Trust Advisors LP now owns 140,399 shares of the company’s stock valued at $1,822,000 after acquiring an additional 54,552 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of Angel Oak Financial Strategies Income Term Trust by 36.7% during the 2nd quarter. Raymond James Financial Inc. now owns 80,095 shares of the company’s stock valued at $1,040,000 after acquiring an additional 21,510 shares during the last quarter.

About Angel Oak Financial Strategies Income Term Trust

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) is a closed-end, diversified management investment trust that commenced operations in early 2023. Organized as a Delaware statutory trust, FINS is structured with a defined termination date, at which point the trust will liquidate and distribute remaining assets to shareholders. Shares of the trust trade on the New York Stock Exchange, providing investors access to a yield-oriented portfolio through a single security.

The trust seeks to generate current income principally through investments in a broad array of structured credit instruments.