Angel Oak Financial Strategies Income Term Trust warns investors to ignore activist bid to nominate trustee, end advisory pact ahead of Sept. 25 vote

• Angel Oak Financial Strategies Income Term Trust scheduled a Sept. 25, 2026 annual meeting amid a brewing proxy fight tied to shareholder Trevor Montano.
• Montano sought to nominate himself for the board, also proposed terminating the investment advisory agreement with Angel Oak Capital Advisors.
• The fund rejected the notice as non-compliant with its bylaws, leaving Montano’s items off the ballot.
• The board urged investors not to return any proxy card circulated by Montano, warning any solicitation would be inconsistent with bylaws, potentially unlawful.
• Management estimated total incremental costs of a contested solicitation at about $850,000, citing roughly $525,000 already incurred.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Angel Oak Financial Strategies Income Term Trust published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001999371-26-015722), on July 23, 2026, and is solely responsible for the information contained therein.