UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): April 1 11, 2025

ANGEL OAK FINANCIAL STRATEGIES INCOME TERM TRUST

(Exact name of Registrant as Specified in Its Charter)

DELAWARE	811-23358	83-1328557
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
(State or Other Jurisdictionof Incorporation)	(CommissionFile Number)	(IRS EmployerIdentification No.)

3344 Peachtree Road NE, Suite 1725

Atlanta, Georgia

30326

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including area code: (404) 953-4900

N/A

(Former Name or Former Address, if Changed Since Last Report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class ~~Trading Symbol~~TradingSymbol(s) Name of each ~~exchange~~exchangeon on which registered Common Shares of Beneficial Interest FINS New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01.

Other Events.

On April 111, 2025, Angel Oak Financial Strategies Income Term Trust (the “Fund”) ~~issued~~announced athat ~~press~~its ~~release~~Board ~~announcing~~of ~~that~~Trustees ~~Angel~~(the ~~Oak~~“Board”) ~~Companies,~~has ~~LP,~~approved the ~~parent~~terms of ~~Angel~~the ~~Oak~~issuance ~~Asset~~of ~~Management~~transferable ~~Holdings,~~rights ~~LLC,~~(“Rights”) ~~itself~~to the ~~parent~~holders of ~~Angel~~the ~~Oak~~Fund’s ~~Capital~~common ~~Advisors,~~shares ~~LLC~~ (“~~Angel~~Common ~~Oak~~Shareholders”), ~~the~~of ~~investment~~beneficial ~~adviser~~interest (“Common Shares”) as of April 21, 2025 (the ~~Fund,~~“Record ~~announced~~Date”). aHolders ~~strategic~~of ~~partnership~~Rights ~~with~~will ~~Brookfield~~be ~~Asset~~entitled ~~Management~~to ~~Ltd.~~subscribe for additional Shares (the “~~Brookfield~~Offer”) inat ~~which~~a ~~Brookfield~~discount ~~has agreed~~ to ~~acquire~~the amarket ~~majority~~price of ~~Angel~~the ~~Oak~~Common ~~Companies,~~Shares LP (~~the~~subject ~~“Transaction”~~to a sales load). A copy of the press release is attached hereto as Exhibit 99.1.

The closing of the Transaction is expected to be completed by September 30, 2025. The Transaction is not expected to result in any material change in the day-to-day management of the Fund. However, the closing of the Transaction is subject to certain conditions, and there can be no assurance that the Transaction will be completed as planned, or that the necessary conditions will be satisfied. If successful, the closing of the Transaction will result in a change of control of Angel Oak.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release dated April 111, 2025

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Angel Oak Financial Strategies Income Term Trust has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		~~Angel Oak Financial Strategies Income Term Trust~~	Angel Oak Financial Strategies Income Term Trust
Date: April 1, 2025	By:	/s/ Adam Langley
Date: April 11, 2025		By:	/s/ Adam Langley
		Name:	Adam Langley
		Title:	President

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