Angel Oak Dynamic Financial Strategies Income Term Trust Declares May 2022 Distribution
May 02 2022 - 4:30PM
Business Wire
Angel Oak Dynamic Financial Strategies Income Term Trust (the
“Fund”), a closed-end fund traded on the New York Stock Exchange
under the symbol DYFN, today declared a distribution of $0.1228 per
share for the month of May 2022. The record date for the
distribution is May 17, 2022, and the payable date is May 31, 2022.
The Fund will trade ex-distribution on May 16, 2022.
The Fund seeks to pay a distribution at a rate that reflects net
investment income actually earned. A portion of each distribution
may be treated as paid from sources other than net investment
income, including but not limited to short-term capital gain,
long-term capital gain, or return of capital. As required by
Section 19(a) of the Investment Company Act of 1940, a notice will
be distributed to shareholders in the event that a portion of a
monthly distribution is derived from sources other than
undistributed net investment income. The final determination of the
source and tax characteristics of these distributions will depend
upon the Fund’s investment experience during its fiscal year and
will be made after the Fund’s year end. The Fund will send to
investors a Form 1099-DIV for the calendar year that will define
how to report these distributions for federal income tax
purposes.
ABOUT DYFN
Led by Angel Oak’s experienced financial services team, DYFN
invests predominantly in U.S. financial sector debt as well as
selective opportunities across financial sector preferred and
common equity. Under normal circumstances, at least 80% of DYFN’s
portfolio is publicly rated investment grade or, if unrated, judged
to be of investment grade quality by Angel Oak.
ABOUT ANGEL OAK CAPITAL ADVISORS, LLC
Angel Oak Capital Advisors is an investment management firm
focused on providing compelling fixed-income investment solutions
to its clients. Backed by a value-driven approach, Angel Oak
Capital Advisors seeks to deliver attractive, risk-adjusted returns
through a combination of stable current income and price
appreciation. Its experienced investment team seeks the best
opportunities in fixed income, with a specialization in
mortgage-backed securities and other areas of structured
credit.
Information regarding the Fund and Angel Oak Capital Advisors
can be found at www.angeloakcapital.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220502005776/en/
Media: Trevor Davis, Gregory FCA for Angel Oak Capital Advisors
443-248-0359 trevor@gregoryfca.com
Company: Randy Chrisman, Chief Marketing & Corporate IR
Officer, Angel Oak Capital Advisors 404-953-4969
randy.chrisman@angeloakcapital.com
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