Concerned Investor Issues Letter to Angel Oak Financial Strategies Income Term Trust (FINS) Shareholders Regarding the Need to Vote AGAINST a New Investment Advisory Agreement at Special Meeting

Investor's Opposition: Trevor Montano, a shareholder of Angel Oak Financial Strategies Income Term Trust (FINS), is urging fellow shareholders to vote against a new investment advisory agreement with Angel Oak Capital Advisors due to poor financial performance and lack of accountability.

Poor Performance: Since its inception in 2019, FINS has seen a decline of over 35% in share price and has consistently traded at a discount to its Net Asset Value (NAV), indicating underperformance compared to peer closed-end funds.

Board Governance Issues: Montano criticizes the Board for failing to conduct a competitive selection process for investment advisors and allowing unelected trustees to remain in power, which undermines shareholder rights and interests.

Financial Mismanagement Allegations: He claims that Angel Oak has profited more from advisory fees than the net income generated for shareholders, suggesting that their financial strategies have prioritized their own enrichment over shareholder value.