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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) announced a monthly dividend on Tuesday, September 1st. Stockholders 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 is Wednesday, September 16th.

Angel Oak Financial Strategies Income Term Trust Stock Down 0.8%

Angel Oak Financial Strategies Income Term Trust stock traded down $0.10 during mid-day trading on Wednesday, reaching $12.65. 558 shares of the company were exchanged, compared to its average volume of 45,909. The firm’s 50-day simple moving average is $12.66 and its two-hundred day simple moving average is $12.76. Angel Oak Financial Strategies Income Term Trust has a twelve month low of $12.38 and a twelve month high of $13.55.

Hedge Funds Weigh In On Angel Oak Financial Strategies Income Term Trust

Several hedge funds have recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. purchased a new position in Angel Oak Financial Strategies Income Term Trust during the first quarter worth $32,000. Kestra Advisory Services LLC purchased a new position in shares of Angel Oak Financial Strategies Income Term Trust in the 4th quarter worth about $53,000. Fifth Third Bancorp purchased a new stake in Angel Oak Financial Strategies Income Term Trust during the first quarter worth approximately $57,000. Northwestern Mutual Wealth Management Co. purchased a new position in Angel Oak Financial Strategies Income Term Trust in the second quarter valued at about $76,000. Finally, Citadel Advisors LLC purchased a new position in Angel Oak Financial Strategies Income Term Trust in the 2nd quarter worth approximately $139,000.

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.