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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) announced a monthly dividend on Tuesday, September 1st. Investors of record on Wednesday, September 16th will be paid a dividend of 0.115 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend is Wednesday, September 16th.

Angel Oak Financial Strategies Income Term Trust Stock Down 0.5%

Shares of NYSE:FINS traded down $0.07 during trading on Wednesday, hitting $12.68. 1,424 shares of the company were exchanged, compared to its average volume of 45,909. Angel Oak Financial Strategies Income Term Trust has a 1-year low of $12.38 and a 1-year high of $13.55. The business’s 50 day moving average is $12.66 and its 200-day moving average is $12.76.

Angel Oak Financial Strategies Income Term Trust Company Profile

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.