Angel Oak Financial Strategies Trust Announces January Distribution
Angel Oak Financial Strategies Income Term Trust Announces Distribution
Angel Oak Financial Strategies Income Term Trust (the “Fund”), a renowned closed-end fund traded on the New York Stock Exchange under the symbol FINS, has officially declared its monthly distribution of $0.109 per share for January 2025. This distribution serves as a testament to the Fund's commitment to delivering consistent returns to its shareholders.
Understanding the Distribution Details
The record date for this distribution is set for January 17, 2025, with a payable date following on January 31, 2025. It's important to note that the Fund will trade ex-distribution on the record date, which means that investors who purchase shares after this date will not receive the upcoming distribution.
Sources of Distribution
The distribution that shareholders receive may vary in terms of its source, reflecting not only the net investment income but also potential returns from short-term capital gain, long-term capital gain, or return of capital. The Fund's approach, as mandated by Section 19(a) of the Investment Company Act of 1940, involves notifying shareholders if any part of the monthly distribution originates from sources other than undistributed net investment income.
About the Fund's Investment Strategy
The Fund is governed by a strategy that seeks to reflect the net investment income it has actually earned over the period. Angel Oak Financial Strategies focuses predominantly on investing within the U.S. financial sector, with a balanced approach that includes both debt and equity opportunities in this sector. The goal is to maintain a minimum of 50% of its portfolio in publicly rated investment-grade securities, which showcases the Fund's commitment to prudent investment practices.
Profile of Angel Oak Capital Advisors
Angel Oak Capital Advisors, the investment management firm behind the Fund, is dedicated to offering innovative fixed-income investment solutions. The firm operates with a value-driven approach, emphasizing an attractive blend of current income and price appreciation. Their expertise lies in identifying prime opportunities within fixed income, notably in areas like mortgage-backed securities and structured credit.
Investor Information and Resources
For further insights and details regarding the Fund and Angel Oak Capital Advisors, interested parties can turn to the resources available at the firm's website. Potential investors should always consider the overall investment objectives, risks, and costs associated with any investment strategies before proceeding.
Investor Support
Angel Oak emphasizes the importance of informed decision-making for investors. It’s encouraged for individuals to engage with their investment representatives or contact Destra Capital Advisors LLC at 877.855.3434 for personalized assistance regarding their investment options or to clarify any inquiries related to the Fund's offerings.
Frequently Asked Questions
What is the distribution amount declared by Angel Oak Financial Strategies Income Term Trust?
The Fund declared a distribution of $0.109 per share for January 2025.
When is the record date for the distribution?
The record date for the distribution is January 17, 2025.
How does the Fund determine the source of its distributions?
The Fund assesses its net investment income and other sources to determine the distribution, as stipulated by regulations.
What investment strategy does the Fund focus on?
The Fund primarily invests in U.S. financial sector debt and selective equity opportunities, maintaining a significant portion in investment-grade securities.
How can investors get more information about Angel Oak Capital Advisors?
Investors can find further information on the Fund and Angel Oak Capital Advisors through their official website or by contacting their investment representatives.
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