Angel Oak Financial director Albe Alvin R Jr buys $262,492 in stock

In a recent transaction, Albe Alvin R Jr, a director at Angel Oak Financial Strategies Income Term Trust (NYSE:FINS), acquired 20,000 shares of common stock. The shares were purchased on May 22, 2025, at a price of $13.1246 per share, resulting in a total investment of $262,492. The purchase comes as FINS trades near its 52-week high of $13.64, while offering an attractive 9.85% dividend yield. InvestingPro data shows the stock maintains low volatility with a beta of 0.24. Following this acquisition, Albe Alvin R Jr holds 20,000 shares directly. This transaction reflects a significant investment by a member of the company’s board, underscoring a continued commitment to the trust’s financial strategies. With a market capitalization of $332.83 million and a P/E ratio of 8.31, FINS demonstrates strong fundamentals. InvestingPro subscribers can access additional insights and 5 more ProTips about FINS’s financial health and valuation metrics.

In other recent news, Angel Oak Financial Strategies Income Term Trust announced the initiation of a rights offering to its shareholders. The offering, effective immediately, is managed under an agreement with Angel Oak Capital Advisors, LLC and UBS Securities LLC. Shareholders as of the record date have been issued transferable rights, allowing them to subscribe for up to 8,354,213 common shares of beneficial interest. Each shareholder receives one right per share owned, with every three rights allowing the purchase of one new common share. Those who fully exercise their rights may subscribe for additional shares if any remain unclaimed. The offering is facilitated by agreements with Equiniti Trust Company, LLC and EQ Fund Solutions, LLC, responsible for subscription and information services. Legal confirmation of the offering has been provided by Dechert LLP, with all relevant documents filed with the SEC for public access. This move provides existing shareholders an opportunity to increase their investment under the terms outlined in the offering documents.

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