Angel Oak and Vivaldi Closed-End Funds Announce Boards’ Approval of Proposed Merger
Angel Oak Financial Strategies Income Term Trust Common Shares of Beneficial Interest (FINS)
Company Research
Source: Business Wire
ATLANTA--(BUSINESS WIRE)--Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) and Vivaldi Opportunities Fund (NYSE: VAM), each a closed-end fund, announced today that the Board of Trustees/Directors of each Fund has approved a merger proposal to be considered by shareholders of each Fund at a Special Meeting of Shareholders of each Fund expected to be held in the second quarter. The proposed fund merger is as follows:Acquired FundSymbolAcquiring FundSymbolVivaldi Opportunities FundVAMAngel Oak Financial Strategies Income Term TrustFINSThe merger is intended to provide potential benefits to shareholders, including lower operating expenses and greater secondary market liquidity, among other things. The investment adviser to each Fund and the Board of each Fund believe that the proposed merger is in the best interests of the shareholders of each respective Fund.The merger is subject to approval by the shareholders of the Acquired Fund. In addition, the approval of the share
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News
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- Angel Oak Financial Strategies Income Term Trust Declares November 2024 DistributionBusiness Wire
- Angel Oak Financial Strategies Income Term Trust Declares October 2024 DistributionBusiness Wire
- Angel Oak Financial Strategies Income Term Trust Declares September 2024 DistributionBusiness Wire
FINS
Sec Filings
- 11/21/24 - Form EFFECT
- 11/12/24 - Form N-2/A
- 10/30/24 - Form N-2/A
- FINS's page on the SEC website