{"filing":{"accession_number":"0001999371-26-011462","cik":"0001745059","ticker":"FINS","company_name":"Angel Oak Financial Strategies Income Term Trust","form":"8-K","filing_date":"2026-05-26","report_date":null,"primary_document":"fins-8k_052226.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1745059/000199937126011462/fins-8k_052226.htm"},"events":[{"id":9203,"run_id":8075,"accession_number":"0001999371-26-011462","anchor_item_number":"1.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"summary":"Angel Oak Financial Strategies Income Term Trust entered into two material definitive agreements on May 22, 2026: a $50 million Series A Mandatorily Redeemable Preferred Shares issuance (with governance rights including two board seats) and a $40 million Series C Senior Notes issuance. These transactions materially affect the Fund's capital structure, leverage, and governance.","company_name":"Angel Oak Financial Strategies Income Term Trust","ticker":"FINS","filing_date":"2026-05-26","form":"8-K","submitted_at":null,"items":[{"id":1725,"accession_number":"0001999371-26-011462","item_number":"1.01","item_title":"Entry into a Material Definitive","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"Angel Oak Financial Strategies Income Term Trust entered into two material definitive agreements on May 22, 2026: (1) a securities purchase agreement for $50 million in Series A Mandatorily Redeemable Preferred Shares with governance rights (two board seats for the purchaser), and (2) a notes purchase agreement for $40 million in Series C Senior Notes. These transactions represent material capital-raising activities that will affect the Fund's capital structure, leverage, and governance. While not a traditional M\u0026A transaction, the preferred share issuance with board representation rights and the debt refinancing constitute material changes to the Fund's financial and governance structure that would affect a reasonable investor's assessment.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-05-27T02:39:19.275388+00:00","company_name":"","ticker":null,"filing_date":""},{"id":1726,"accession_number":"0001999371-26-011462","item_number":"3.02","item_title":"Unregistered","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 3.02 explicitly addresses unregistered sales of equity securities. The filing references Item 1.01 (which typically covers material acquisitions or other events), suggesting a transaction involving equity issuance. Unregistered equity sales are material to investors as they signal capital raising activity and potential dilution to existing shareholders.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-05-27T02:39:19.275388+00:00","company_name":"","ticker":null,"filing_date":""},{"id":1727,"accession_number":"0001999371-26-011462","item_number":"5.03","item_title":"Amendments","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.65,"reasoning":"The Fund adopted a Supplement to its Declaration of Trust establishing Series A Mandatory Redeemable Preferred Shares (MRPS) with 2,000,000 authorized shares and a $25.00 liquidation preference per share. While this is formally an amendment to governing documents (Item 5.03), the creation of a new class of preferred shares with defined liquidation preferences and mandatory redemption features represents a material capital structure change that would affect investor rights and the registrant's financial obligations. This does not fit neatly into the standard taxonomy categories but is material to security holders.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-05-27T02:39:19.275388+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":9204,"run_id":8075,"accession_number":"0001999371-26-011462","anchor_item_number":"8.01","event_type":"other_material","event_domain":"catchall","is_material":false,"confidence":0.35,"summary":"The Fund announced the calling and scheduling of its annual shareholder meeting for September 25, 2026, with proposed agenda items for shareholder consideration.","company_name":"Angel Oak Financial Strategies Income Term Trust","ticker":"FINS","filing_date":"2026-05-26","form":"8-K","submitted_at":null,"items":[{"id":1728,"accession_number":"0001999371-26-011462","item_number":"8.01","item_title":"Other Events.","event_type":"shareholder_vote_results","event_domain":"governance","is_material":false,"confidence":0.35,"reasoning":"This disclosure announces the calling and scheduling of a future annual shareholder meeting (September 25, 2026) with proposed agenda items, not the results of a shareholder vote. While shareholder meetings involve voting, this is a notice of a meeting to be held, not a report of voting results. The disclosure is routine administrative notice of meeting logistics and agenda items.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-05-27T02:39:19.275388+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":1725,"accession_number":"0001999371-26-011462","item_number":"1.01","item_title":"Entry into a Material Definitive","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"Angel Oak Financial Strategies Income Term Trust entered into two material definitive agreements on May 22, 2026: (1) a securities purchase agreement for $50 million in Series A Mandatorily Redeemable Preferred Shares with governance rights (two board seats for the purchaser), and (2) a notes purchase agreement for $40 million in Series C Senior Notes. These transactions represent material capital-raising activities that will affect the Fund's capital structure, leverage, and governance. While not a traditional M\u0026A transaction, the preferred share issuance with board representation rights and the debt refinancing constitute material changes to the Fund's financial and governance structure that would affect a reasonable investor's assessment.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-05-27T02:39:19.275388+00:00","company_name":"Angel Oak Financial Strategies Income Term Trust","ticker":"FINS","filing_date":"2026-05-26"},{"id":1726,"accession_number":"0001999371-26-011462","item_number":"3.02","item_title":"Unregistered","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 3.02 explicitly addresses unregistered sales of equity securities. The filing references Item 1.01 (which typically covers material acquisitions or other events), suggesting a transaction involving equity issuance. Unregistered equity sales are material to investors as they signal capital raising activity and potential dilution to existing shareholders.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-05-27T02:39:19.275388+00:00","company_name":"Angel Oak Financial Strategies Income Term Trust","ticker":"FINS","filing_date":"2026-05-26"},{"id":1727,"accession_number":"0001999371-26-011462","item_number":"5.03","item_title":"Amendments","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.65,"reasoning":"The Fund adopted a Supplement to its Declaration of Trust establishing Series A Mandatory Redeemable Preferred Shares (MRPS) with 2,000,000 authorized shares and a $25.00 liquidation preference per share. While this is formally an amendment to governing documents (Item 5.03), the creation of a new class of preferred shares with defined liquidation preferences and mandatory redemption features represents a material capital structure change that would affect investor rights and the registrant's financial obligations. This does not fit neatly into the standard taxonomy categories but is material to security holders.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-05-27T02:39:19.275388+00:00","company_name":"Angel Oak Financial Strategies Income Term Trust","ticker":"FINS","filing_date":"2026-05-26"},{"id":1728,"accession_number":"0001999371-26-011462","item_number":"8.01","item_title":"Other Events.","event_type":"shareholder_vote_results","event_domain":"governance","is_material":false,"confidence":0.35,"reasoning":"This disclosure announces the calling and scheduling of a future annual shareholder meeting (September 25, 2026) with proposed agenda items, not the results of a shareholder vote. While shareholder meetings involve voting, this is a notice of a meeting to be held, not a report of voting results. The disclosure is routine administrative notice of meeting logistics and agenda items.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-05-27T02:39:19.275388+00:00","company_name":"Angel Oak Financial Strategies Income Term Trust","ticker":"FINS","filing_date":"2026-05-26"}]}