Angel Oak Dynamic Financial Strategies Income Term Trust Declares April 2022 Distribution | Business
ATLANTA–(BUSINESS WIRE)–April 1, 2022–
Angel Oak Dynamic Financial Strategies Income Term Trust (the “Fund”), a closed-end fund trading on the New York Stock Exchange under the symbol DYFN, today declared a distribution of $0.1228 per share for the month of April 2022. Record date for distribution is April 14, 2022 and payout date is April 29, 2022. The Fund will trade ex-distribution on April 13, 2022.
The Fund seeks to pay a distribution at a rate that reflects the net investment income actually earned. A portion of each distribution may be considered to arise 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, notice will be distributed to shareholders in the event that part of a monthly distribution is derived from sources other than undistributed net investment income . The final determination of the source and tax characteristics of such distributions will depend on the Fund’s investment experience during its fiscal year and will be made after the end of the Fund’s fiscal year. The Fund will send investors a Form 1099-DIV for the calendar year which will set out how to report such distributions for federal income tax purposes.
Led by Angel Oak’s experienced financial services team, DYFN invests primarily in US financial sector debt as well as selective opportunities in financial sector preferred and common stock. Under normal circumstances, at least 80% of DYFN’s portfolio is publicly rated as investment grade or, if not rated, deemed investment grade by Angel Oak.
ABOUT ANGEL OAK CAPITAL ADVISORS, LLC
Angel Oak Capital Advisors is an investment management firm focused on providing attractive fixed income investment solutions to its clients. Using a value-oriented 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 out the best opportunities in fixed income securities, with a specialization in mortgage-backed securities and other areas of structured credit.
Information about the Fund and Angel Oak Capital Advisors is available at www.angeloakcapital.com.
Past performance is neither indicative nor a guarantee of future results. Investors should carefully consider the investment objective and policies, risk considerations, fees and ongoing expenses of an investment before investing. For more information, please contact your investment representative or Destra Capital Advisors LLC at 877.855.3434.
© 2022 Angel Oak Capital Advisors, which is the investment advisor to Angel Oak Dynamic Financial Strategies Term Income Trust.
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Trevor Davis, Gregory FCA for Angel Oak Capital Advisors
Randy Chrisman, Director of Marketing and Corporate Public Relations, Angel Oak Capital Advisors
KEYWORD: GEORGIA UNITED STATES NORTH AMERICA
SECTOR KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE
SOURCE: Angel Oak Dynamic Financial Strategies Income Term Trust
Copyright BusinessWire 2022.
PUBLISHED: 04/01/2022 16:30/DISC: 04/01/2022 16:32
Copyright BusinessWire 2022.