Concerned Investor to Vote Against Angel Oak Financial Strategies Income Term Trust Trustee Nominees
Trevor Montano, a shareholder of Angel Oak Financial Strategies Income Term Trust (FINS), plans to vote against two trustee nominees at the upcoming annual meeting. He cites concerns over holdover trustees, lack of independent trustee refreshment, entrenchment provisions, and a preferred share issuance that removed two board seats from common shareholder election. Montano also highlights the fund's consistent discount to net asset value as a board responsibility.
