Form 4: Angel Oak Financial Strategies Income Term Trust: Sreeniwas Prabhu Reports Share Transfer

Sreeniwas Prabhu, an Investment Adviser Principal at Angel Oak Capital Advisors, reports the acquisition of 68,399 shares of Angel Oak Financial Strategies Income Term Trust (FINS) via a transfer from Angel Capital Partners II, LLC.

Summary

• Sreeniwas Prabhu, an Investment Adviser Principal at Angel Oak Capital Advisors, filed a Form 4 regarding a transaction involving Angel Oak Financial Strategies Income Term Trust (FINS).
• On August 17, 2022, Angel Capital Partners II, LLC transferred 68,399 shares of FINS to Mr. Prabhu at a price of $14.65 per share.
• Following the transaction, Mr. Prabhu beneficially owns 124,484 shares of FINS.
• Mr. Prabhu is an ultimate beneficial owner of Angel Capital Partners II, LLC.
• No market transactions are being reported via this Form.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Related Party Transactions

• The transfer of shares from Angel Capital Partners II, LLC to Sreeniwas Prabhu, who is an ultimate beneficial owner of Angel Capital Partners II, LLC, constitutes a related party transaction.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates