Angel Oak Financial Strategies Income Term Trust Declares Monthly Dividend of $0.12 (NYSE:FINS)

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, January 16th will be given a dividend of 0.115 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 10.4%. The ex-dividend date is Friday, January 16th.

Angel Oak Financial Strategies Income Term Trust Stock Up 0.5%

NYSE FINS opened at $13.28 on Wednesday. Angel Oak Financial Strategies Income Term Trust has a 1-year low of $12.21 and a 1-year high of $13.64. The business’s 50-day simple moving average is $13.13 and its 200-day simple moving average is $13.12.

Institutional Investors Weigh In On Angel Oak Financial Strategies Income Term Trust

Institutional investors have recently bought and sold shares of the business. Karpus Management Inc. raised its stake in shares of Angel Oak Financial Strategies Income Term Trust by 56.2% in the 2nd quarter. Karpus Management Inc. now owns 5,531,335 shares of the company’s stock valued at $71,797,000 after acquiring an additional 1,989,029 shares during the period. Advisors Asset Management Inc. boosted its position in Angel Oak Financial Strategies Income Term Trust by 4.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 366,396 shares of the company’s stock worth $4,803,000 after purchasing an additional 14,220 shares during the period. Envestnet Asset Management Inc. increased its holdings in Angel Oak Financial Strategies Income Term Trust by 118.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 323,212 shares of the company’s stock valued at $4,237,000 after purchasing an additional 175,483 shares in the last quarter. Royal Bank of Canada increased its holdings in Angel Oak Financial Strategies Income Term Trust by 2.9% in the 1st quarter. Royal Bank of Canada now owns 288,945 shares of the company’s stock valued at $3,895,000 after purchasing an additional 8,146 shares in the last quarter. Finally, Riverbridge Partners LLC raised its position in Angel Oak Financial Strategies Income Term Trust by 72.7% in the fourth quarter. Riverbridge Partners LLC now owns 215,510 shares of the company’s stock valued at $2,847,000 after purchasing an additional 90,756 shares during the period.

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.