Angel Oak Financial Strategies Trust Announces October Payment
Angel Oak Financial Strategies Income Term Trust Announces Distribution
Angel Oak Financial Strategies Income Term Trust, a closed-end fund traded on the New York Stock Exchange under the ticker symbol FINS, recently announced an upcoming distribution for its shareholders. The fund declared a distribution of $0.109 per share for October 2024, demonstrating its continual efforts to provide returns to investors, which is a focal point of the fund's strategy.
Details of the Distribution
The declared distribution will be important for shareholders, with a record date set for October 17, 2024. This means shareholders who are on record by this date will be eligible for the distribution, which is payable on October 31, 2024. Additionally, the fund will trade ex-distribution on the record date, a key date for investors to note as they manage their portfolios.
Understanding Distribution Sources
FINS aims to ensure that distributions align with the net investment income actually earned within the fund. It is vital for investors to understand that a portion of these distributions may not solely come from net investment income; they could also include returns from capital gains or other sources. Following regulatory requirements, the fund will notify shareholders should any portion of the distribution derive from sources other than the expected net investment income.
Investment Focus and Strategy
FINS invests primarily in U.S. financial sector debt, demonstrating a strong commitment to maintaining a diverse yet focused portfolio. The management team emphasizes maintaining at least 50% of the portfolio in publicly rated investment-grade securities. This approach not only seeks to preserve capital but also aims to provide shareholders with stable returns attributed to a comprehensive investment strategy.
About Angel Oak Financial Strategies
Headed by a skilled team at Angel Oak, the fund adapts its investments based on prevailing market conditions while maintaining a strong footing in the financial sector. Its investment philosophy includes looking for selective opportunities in both preferred and common equity across financial sectors. This strategic focus ensures that investors can benefit from a variety of investment opportunities.
Angel Oak Capital Advisors Overview
Angel Oak Capital Advisors, the investment management firm behind FINS, is dedicated to delivering fixed-income investment solutions that reflect its core values. With a goal of providing clients attractive risk-adjusted returns, the firm utilizes a strong analytical approach to invest in fixed-income markets, particularly focusing on areas like mortgage-backed securities and structured credit.
Contact and Additional Information
Frequently Asked Questions
What is the distribution amount announced for October 2024?
The distribution amount announced for October 2024 is $0.109 per share.
What is the record date for the distribution?
The record date for the distribution is October 17, 2024.
When will the distribution be paid?
The distribution will be payable on October 31, 2024.
What is the primary investment focus of FINS?
FINS primarily invests in U.S. financial sector debt, ensuring a portfolio with significant quality and focus.
How can investors find more information about the Angel Oak fund?
Investors can find more information by consulting their investment representatives or contacting Destra Capital Advisors LLC for inquiries.
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