FINS News and Press, Angel Oak Financial Strategies Income Term Trust of Beneficial Interest From 10/19/22

Summary The broader income market remains weak as the Fed continues to tighten policy while leading macro indicators deteriorate. We highlight securities that have made new year-to-date lows and look attractive for new capital allocations. Waiting to add at new lows creates di...

Summary We review CEF market valuation and performance through the first week of October and highlight recent market action. The CEF space was up on the week, led by higher-beta sectors. We discuss some pitfalls in evaluating long-term CEF performance. And highlight latest...

Summary High-yield corporate bond yields are approaching 10%. When this happened this century, forward returns were almost universally positive over 1-3 years. We also consider why the current environment may not be a repeat of the past and what this means for investor allocations...

Summary We review CEF market valuation and performance through the last week of September and highlight recent market action. September was the worst month for CEFs since March of 2020, with a double-digit drop for the broader CEF space. We discuss the income dynamics of the F...

Summary HIPS is a high-yield ETF with a portfolio diversified in CEFs, MLPs, mortgage REITs, and BDCs. The yield is very attractive, but price history shows a steep capital decay. The problem is structural: the 4 asset categories of its portfolio have the same issue. An al...

Summary The market environment of high volatility and rising short-term rates has lowered the income-generating capacity of most CEFs. In this article, we highlight the five types of CEFs whose incomes have either been unaffected or have actually improved this year. We also hi...

Angel Oak Financial Strategies Income Term ( NYSE: FINS ) declares $0.095/share monthly dividend , in line with previous. Forward yield 8.54% Payable Oct. 31; for shareholders of record Oct. 17; ex-div Oct. 14. See FINS Dividend Scorecard, Yield Chart, & ...

Angel Oak Financial Strategies Income Term Trust (the “Fund”), a closed-end fund traded on the New York Stock Exchange under the symbol FINS, today declared a distribution of $0.095 per share for the month of October 2022. The record date for the distribution is October 17...

Summary We review CEF market valuation and performance through the fourth week of September and highlight recent market action. CEFs had a tough week as discounts widened to double the impact of lower NAVs. The broader CEF space is now below its June lows. We take a look at so...

Summary The Fed made another 75bp hike and remains committed to reining in inflation as quickly as possible. This suggests a "higher for longer" monetary policy rate approach, which would keep the policy rate both high and elevated over the medium term. It also increases the l...