Cheryl Pate - Jul 29, 2022 Form 4 Insider Report for Angel Oak Financial Strategies Income Term Trust (FINS)

Role: Portfolio Manager
Signature: Micheal Alexander
Stock symbol: FINS
Transactions as of: Jul 29, 2022
Transactions value $: $0
Form type: 4
Date filed: 8/2/2022, 03:52 PM
Previous filing: Apr 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FINS	Common Stock	Other		+507	+10.78%		5.21K	Jul 29, 2022	2,700 shares owned directly; 2,506.76 shares owned indirectly by spouse.	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.

Content

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.