Form 4 for FINS Angel Oak Financial Strategies Income Term Trust

Accepted 2022-08-02 00:00:00 ET · period of report 2022-07-29 · accession 0001816321-22-000005 · 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
	2022-08-02	2022-07-29	FINS	Palsson Johannes	Portfolio Manager	J - Other	—	+5,778	34.7K	+20%	—

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-07-29	J	A	5,777.99	—	34,679.10	D	—	—	(F1) Effective as of July 29, 2022, the Angel Oak Dynamic Financial Strategies Income Term Trust (the "Target Fund") was reorganized into the Angel Oak Financial Strategies Income Term Trust (the "Acquiring Fund," and such reorganization, the "Reorganization"). Common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the Effective Date, as defined in the Agreement and Plan of Reorganization, less the costs of the Reorganization (although cash was distributed for any fractional shares). As of July 29, 2022, the Target Fund reported a NAV per share of $19.1618 and the Acquiring Fund reported a NAV per share of $16.3330. The conversion ratio for the Target Fund's common shares was 1.1732.