Angel Oak Financial Strategies Income Term Trust filed SEC Form 8-K: Leadership Update, Other Events, Financial Statements and Exhibits
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Finance/Investors Services
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): October 2, 2025
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Consistent with applicable requirements under the Investment Company Act of 1940, as amended, requiring the post-Transaction (as defined and discussed below) Board of Trustees (the “Board”) to be comprised of more than 75% independent Trustees, the Board of Angel Oak Financial Strategies Income Term Trust (the “Fund”) has accepted the resignation of Clayton Triick, Head of Portfolio Management, Public Strategies of Angel Oak (as defined below), as a Trustee of the Board of the Fund pursuant to its governing documents, effective as of the close of business on September 30, 2025. The Board has further decreased the number of Trustees on the Board to five.
Additionally, effective as of October 1, 2025, Ward Bortz has replaced Adam Langley as President of the Fund.
Item 8.01. Other Events.
As previously announced on April 1, 2025, on October 1, 2025, Brookfield Asset Management Ltd. acquired a majority of Angel Oak Companies, LP, the parent of Angel Oak Asset Management Holdings, LLC, itself the parent of Angel Oak Capital Advisors, LLC (“Angel Oak”), the investment adviser of the Fund (the “Transaction”). The Transaction is not expected to result in any material change in the day-to-day management of the Fund. The closing of the Transaction was announced via press release, a copy of which is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Angel Oak Financial Strategies Income Term Trust has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Angel Oak Financial Strategies Income Term Trust | |||||||||||
| Date: October 2, 2025 | By: | /s/ Ward Bortz | |||||||||
| Name: | Ward Bortz | ||||||||||
| Title: | President | ||||||||||