• Angel Oak Financial Strategies Income Term Trust faces a shareholder activism fight ahead of its Sept. 25, 2026 annual meeting.
• Activist Trevor Montano filed a preliminary proxy statement to solicit votes for his board bid and a proposal to terminate the investment advisory agreement.
• The fund plans to disregard Montano’s nomination and proposal, citing noncompliance with its advance-notice bylaws.
• SEC Division of Investment Management did not object to omitting Montano’s Rule 14a-8 proposal, backing the fund’s personal-grievance exclusion rationale.
• The board urged shareholders to vote only its white proxy card, warning against signing or returning Montano materials.

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: 0001999371-26-017441), on August 07, 2026, and is solely responsible for the information contained therein.