Angel Oak Capital Advisors Launches Closed-End Fund Focused on Community Bank Debt Sector
Angel Oak Financial Strategies Income Term Trust Common Shares of Beneficial Interest (FINS)
Company Research
Source: Business Wire
First closed-end fund from Angel Oak leverages the firm’s extensive banking expertise ATLANTA--(BUSINESS WIRE)-- Angel Oak Capital Advisors, LLC, an investment management firm specializing in value-driven alternative credit, announced today that it has priced a registered public offering of 10,750,000 common shares of the Angel Oak Financial Strategies Income Term Trust (NYSE: FINS), a closed-end fund that will invest in the community bank debt sector (the “Fund” or “FINS”), at a public offering price of $20.00 per share, for gross proceeds to the Fund of $215,000,000. In addition, the Fund has granted the underwriters a 45-day option to purchase an additional 1,515,634 common shares to cover overallotments, if any. The offering is subject to customary closing conditions and is expected to close on May 31, 2019. Led by Angel Oak’s experienced community bank team, FINS will invest in communit
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News
- Angel Oak Financial Strategies Income Term Trust Declares November 2024 Distribution [Yahoo! Finance]Yahoo! Finance
- 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