FINS · Angel Oak Financial Strategies Income Term Trust
Know the company
Company overview
Angel Oak Financial Strategies Income Term Trust invests in debt and other income securities issued by financial institutions. The payments depend on bank and insurer credit strength, while the trust's term structure makes the value returned at its endpoint important too.
Business
Preferred securities CEF
Listing
FINS · New York Stock Exchange
Reporting period
2026-01-31
Dividend schedule
Monthly
How the business works
Interest and other portfolio payments become net investment income after fund and financing costs. Credit gains or losses, security prices and the term outcome affect NAV separately.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.76
Feb 1, 2025 to Jan 31, 2026
$0.00$0.76
Distribution yield11.05%Sourced distributions divided by dated market priceTrailing 12-month income yield6.41%Net investment income for Feb 1, 2025 to Jan 31, 2026, divided by market price $11.8600 on Sep 29, 2026. Historical income; not a forecast.Reported annual investment income$0.76Per share for 2026 FY. Excludes investment gains.Annual dividend$1.38Current regular payment annualized per share
Dividend payment history
Date or month
Per share
Sep 30, 2026
$0.115
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
How to read FINS income
Dividends and interest after fund expenses help explain the cash available for distributions. Gains and return of capital remain separate.
Watch payment suspensions, refinancing and any borrowing costs. Higher yields can come with greater credit or interest-rate risk.
Income and distributions
Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Dividends and interest after fund expenses help explain the cash available for distributions. Gains and return of capital remain separate.
Fund net investment income per common share; actual reporting period, not annualized$0.7600
$0.00$0.80
For the year ended January 31, 2026, FINS recorded $0.76 of net investment income per common share and $1.35 of distributions. NAV moved from $14.11 to $13.92. Income accounted for part of the cash paid; the investment result and payment sources must explain the balance without assuming the term structure makes the distribution permanent.
Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
The portfolio information checked September 11, 2026 reports effective leverage of 21.98%.
Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.
Angel Oak Financial Strategies Income Term Trust reported $0.7600 per share for 2025-02-01 through 2026-01-31, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Losses or weaker cash generation in preferred and financial-sector securities can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
At the next full-year report, compare financial-sector income, credit results and cash paid with NAV and any change to the trust's term plan.
Net asset value (NAV)
NAV per share$13.03Sep 29, 2026Market price$11.86Sep 29, 2026PREMIUM / DISCOUNT TO NAV8.98% discountCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
At the next full-year report, compare financial-sector income, credit results and cash paid with NAV and any change to the trust's term plan.
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U.S. federal · Tax year 2025
Dividend tax treatment
For the November 28, 2025 payment, Angel Oak estimated that $0.0586 of $0.1150 per share, or 51%, came from return of capital.
Total ordinary dividends
Not confirmed
Qualified dividends
Not confirmed
Capital-gain distributions
Not confirmed
Return of capital
51%
This is a close look at the payment dates named above, not a verdict on every distribution paid in 2025. Other payments can have a different mix. Use this estimate to understand those checks, then compare the whole year with your tax statement.
The company calls this breakdown an estimate. This is a company estimate for one November payment, not the full 2025 tax mix. The notice uses a financial-reporting basis and says the final tax result may differ. The rest was labeled investment income, not assigned a tax category here. Check your Form 1099-DIV for filing. Your Form 1099-DIV may show a different final mix. See the company's estimate.
Tax year: 2025.
Tax details and source
Total ordinary dividends (includes qualified)
Not confirmed
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
Not confirmed
Reporting form
Form 1099-DIV
Source date
2025-11-28
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
