SEC Form 8-K filed by Angel Oak Financial Strategies Income Term Trust
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CURRENT REPORT
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Item 8.01. Other Events.
On April 1, 2025, Angel Oak Financial Strategies Income Term Trust (the “Fund”) issued a press release announcing that 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, announced a strategic partnership with Brookfield Asset Management Ltd. (“Brookfield”) in which Brookfield has agreed to acquire a majority of Angel Oak Companies, LP (the “Transaction”). A copy of the press release is attached hereto as Exhibit 99.1.
The closing of the Transaction is expected to be completed by September 30, 2025. The Transaction is not expected to result in any material change in the day-to-day management of the Fund. However, the closing of the Transaction is subject to certain conditions, and there can be no assurance that the Transaction will be completed as planned, or that the necessary conditions will be satisfied. If successful, the closing of the Transaction will result in a change of control of Angel Oak.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| 99.1 | Press Release dated April 1, 2025 |
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: April 1, 2025 | By: | /s/ Adam Langley | ||||
| Name: | Adam Langley | |||||
| Title: | President | |||||