Form 4/A for FINS Angel Oak Financial Strategies Income Term Trust
Accepted 2025-05-16 00:00:00 ET · period of report 2025-05-14 · accession 0001724113-25-000003 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DA | 2025-05-16 | 2025-05-14 | FINS | Prabhu Sreeniwas | Investment Adviser Principal | X - OptEx | $13.23 | +41.5K | 166.0K | +33% | +$549.0K |
| DA | 2025-05-16 | 2025-05-14 | FINS | Prabhu Sreeniwas | Investment Adviser Principal | X - OptEx | — | -124.5K | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-05-14 | X | A | 41,493 | $13.23 | 165,977 | D | — | — | |
| 2 | Derivative | Transferable Subscription Right(right to buy) | 2025-05-14 | X | D | 124,484 | — | 0 | D | — · 2025-04-21 to 2025-05-14 | 41,493 Common Stock | (F1) Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) (the Fund) issued transferable rights (Rights) to the holders of the Fund's common shares (Common Shareholders) of beneficial interest (Common Shares) as of April 21, 2025 (the Record Date). Holders of Rights were entitled to subscribe for additional Shares (the Offer) at a discount to the market price of the Common Shares. The Fund distributed to Common Shareholders of record as of the record date (Record Date Shareholders) one Right for each Common Share held on the Record Date. Record Date Shareholders were entitled to purchase one new Common Share for every three Rights held (1 for 3); however, any Record Date Common Shareholder who owned fewer than three Common Shares as of the Record Date was entitled to subscribe for one Common Share. Fractional Common Shares were not issued. The subscription period commenced on the Record Date and expired on May 14, 2025. (F2) The final subscription price of $13.23 per Common Share was determined based upon the terms of the Offer. Record Date Shareholders who exercised all of their primary subscription Rights (other than those Rights to acquire less than one Common Share that could not be exercised) were eligible for an over-subscription privilege entitling Record Date Shareholders to subscribe for additional Common Shares not purchased pursuant to the primary subscription. The Offer was over-subscribed. The over-subscription requests exceeded the over-subscription shares available. Accordingly, the shares subscribed for pursuant to the over-subscription privilege of the Offer will be allocated pro rata among those fully exercising record date shareholders who over-subscribed based on the number of Common Shares they owned on Record Date. The Common Shares subscribed for will be issued after completion of the pro rata allocation of over-subscription shares and receipt of all shareholder payments. |