Angel Oak Financial Strategies Income Term Trust (FINS) to Issue Monthly Dividend of $0.12 on May 29th

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) announced a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be paid a dividend of 0.115 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date is Friday, May 15th.

Angel Oak Financial Strategies Income Term Trust Stock Down 0.2%

Shares of Angel Oak Financial Strategies Income Term Trust stock traded down $0.03 on Wednesday, reaching $12.84. 13,835 shares of the company were exchanged, compared to its average volume of 52,087. The company’s 50-day moving average is $12.77 and its two-hundred day moving average is $13.03. Angel Oak Financial Strategies Income Term Trust has a 1-year low of $12.38 and a 1-year high of $13.55.

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.