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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) declared a monthly dividend on Monday, June 1st. Investors of record on Tuesday, June 16th will be paid a dividend of 0.115 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 10.8%. The ex-dividend date is Tuesday, June 16th.

Angel Oak Financial Strategies Income Term Trust Trading Down 0.9%

Angel Oak Financial Strategies Income Term Trust stock traded down $0.12 during midday trading on Tuesday, reaching $12.81. The company’s stock had a trading volume of 53,461 shares, compared to its average volume of 50,562. The stock’s 50-day simple moving average is $12.74 and its 200-day simple moving average is $12.99. Angel Oak Financial Strategies Income Term Trust has a 52-week low of $12.38 and a 52-week high of $13.55.

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.