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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) announced a monthly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be paid a dividend of 0.115 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date of this dividend is Friday, May 15th.

Angel Oak Financial Strategies Income Term Trust Stock Down 0.2%

Shares of NYSE FINS traded down $0.03 during trading hours on Wednesday, reaching $12.84. The stock had a trading volume of 8,430 shares, compared to its average volume of 52,085. Angel Oak Financial Strategies Income Term Trust has a fifty-two week low of $12.38 and a fifty-two week high of $13.55. The firm has a 50-day moving average of $12.77 and a 200-day moving average of $13.03.

Angel Oak Financial Strategies Income Term Trust Company Profile

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.