Signature
Micheal Alexander
Stock symbol
DYFN
Transactions as of
Jul 29, 2022
Transactions value $
$0
Form type
4
Date filed
8/2/2022, 02:28 PM
Next filing
Aug 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DYFN Common Stock Other -117K -100% 0 Jul 29, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.