Angel Oak Capital Advisors' Closed-End Funds Announce Board Approval of Proposed Reorganization

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Apr 04, 2022

The Boards of Trustees of Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) and Angel Oak Dynamic Financial Strategies Income Term Trust (NYSE: DYFN) have approved a proposal to reorganize DYFN with and into FINS. The reorganization is intended to provide potential benefits to shareholders, including lower operating expenses and greater secondary market liquidity, among other things.