Angel Oak Financial Strategies Income Term Trust $(FINS)$ has reported strong performance for the period ending May 31, 2025. The Fund has outperformed its index on a 1-year, 3-year, 5-year, and since-inception basis. The recent rights offering, which was significantly oversubscribed, raised approximately $110.4 million in gross proceeds, enabling rapid capital deployment into higher-coupon bank debt. Despite volatility affecting specific equity and preferred equity positions, the Fund's NAV performance benefitted from the resumption of primary market bank debt issuance with meaningful volume. As of May 31, 2025, the Fund has narrowed its discount to 5.6%. The NAV performance mentioned is not indicated as an estimate.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Angel Oak Financial Strategies Income Term Trust published the original content used to generate this news brief via Business Wire (Ref. ID: 20250618152125) on June 18, 2025, and is solely responsible for the information contained therein.