FINS (Angel Oak) 10% Holder MetLife IM Purchases Series C Notes

What Happened
MetLife Investment Management, LLC (reported as a 10% owner) reported a purchase on July 8, 2026 of 40,000,000 units reflecting an aggregate principal amount of $40,000,000 in Angel Oak Financial Strategies Income Term Trust’s 5.364% Series C Senior Unsecured Notes due July 8, 2030. The Form 4 reports this as a "P" (purchase) transaction. The filing includes a footnote clarifying the price figure represents the aggregate principal amount of the notes purchased.

Key Details

• Transaction date: July 8, 2026; Form 4 filed July 10, 2026 (timely filing).
• Reported amount: 40,000,000 units representing $40,000,000 aggregate principal of 5.364% Series C Senior Unsecured Notes due 7/8/2030 (footnote F1).
• Reporting person: MetLife Investment Management, LLC — identified as a 10% owner.
• Holdings/beneficial ownership: The securities are held directly by clients for whom MetLife serves as investment manager (F2); MetLife disclaims beneficial ownership except to the extent of any pecuniary interest (F3). The filing does not report beneficial ownership of common equity following the transaction.
• Transaction type: Purchase (open market or private purchase indicated).

Context
This filing documents an institutional purchase of debt securities (senior unsecured notes) for client accounts managed by MetLife IM, not an executive or director buying company common stock. Institutional purchases of fund debt can reflect portfolio-management decisions for clients rather than insider sentiment about the issuer’s equity. The reporting person explicitly disclaims beneficial ownership of the reported securities.