UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT
COMPANY
INVESTMENT COMPANY ACT FILE NUMBER: 811-23358
NAME OF REGISTRANT: Angel Oak Financial Strategies
Income Term Trust
ADDRESS OF PRINCIPAL EXECUTIVE OFFICES: 3344 Peachtree Rd. NE, Suite 1725
Atlanta, GA 30326
NAME AND ADDRESS OF AGENT FOR SERVICE: Adam Langley
c/o Angel Oak Capital Advisors, LLC
3344 Peachtree Rd. NE, Suite 1725
Atlanta, GA 30326
REGISTRANT'S TELEPHONE NUMBER: 404-953-4900
DATE OF FISCAL YEAR END: 01/31
DATE OF REPORTING PERIOD: 07/01/2022 - 06/30/2023
Angel Oak Financial Strategies Income Term Trust
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AGNC INVESTMENT CORP. Agenda Number: 935775645
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Security: 00123Q104
Meeting Type: Annual
Meeting Date: 20-Apr-2023
Ticker: AGNC
ISIN: US00123Q1040
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Prop.# Proposal Proposal Proposal Vote For/Against
Type Management
1a. Election of Director: Donna J. Blank Mgmt For For
1b. Election of Director: Morris A. Davis Mgmt For For
1c. Election of Director: Peter J. Federico Mgmt For For
1d. Election of Director: John D. Fisk Mgmt For For
1e. Election of Director: Andrew A. Johnson, Mgmt For For
Jr.
1f. Election of Director: Gary D. Kain Mgmt For For
1g. Election of Director: Prue B. Larocca Mgmt For For
1h. Election of Director: Paul E. Mullings Mgmt For For
1i. Election of Director: Frances R. Spark Mgmt For For
2. Advisory vote to approve the compensation Mgmt For For
of our named executive officers.
3. Advisory vote on the frequency of future Mgmt 1 Year For
advisory votes on executive compensation.
4. Ratification of appointment of Ernst & Mgmt For For
Young LLP as our independent public
accountant for the year ending December 31,
2023.
5a. Approve amendments to our Amended and Mgmt For For
Restated Certificate of Incorporation
eliminating supermajority voting
requirements for stockholders to: amend
certain provisions of our Amended and
Restated Certificate of Incorporation.
5b. Approve amendments to our Amended and Mgmt For For
Restated Certificate of Incorporation
eliminating supermajority voting
requirements for stockholders to: amend our
Fourth Amended and Restated Bylaws.
5c. Approve amendments to our Amended and Mgmt For For
Restated Certificate of Incorporation
eliminating supermajority voting
requirements for stockholders to: remove
directors.
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ANNALY CAPITAL MANAGEMENT, INC. Agenda Number: 935793807
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Security: 035710839
Meeting Type: Annual
Meeting Date: 17-May-2023
Ticker: NLY
ISIN: US0357108390
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Prop.# Proposal Proposal Proposal Vote For/Against
Type Management
1a. Election of Director: Francine J. Bovich Mgmt For For
1b. Election of Director: David L. Finkelstein Mgmt For For
1c. Election of Director: Thomas Hamilton Mgmt For For
1d. Election of Director: Kathy Hopinkah Hannan Mgmt For For
1e. Election of Director: Michael Haylon Mgmt For For
1f. Election of Director: Martin Laguerre Mgmt For For
1g. Election of Director: Eric A. Reeves Mgmt For For
1h. Election of Director: John H. Schaefer Mgmt For For
1i. Election of Director: Glenn A. Votek Mgmt For For
1j. Election of Director: Vicki Williams Mgmt For For
2. Advisory approval of the Company's Mgmt For For
executive compensation.
3. Advisory vote on the frequency of future Mgmt 1 Year For
advisory votes to approve the Company's
executive compensation.
4. Amendment to the Company's Charter to Mgmt For For
decrease the number of authorized shares of
stock.
5. Ratification of the appointment of Ernst & Mgmt For For
Young LLP as the Company's independent
registered public accounting firm for the
fiscal year ending December 31, 2023.
6. Advisory stockholder proposal to further Shr Against For
reduce the ownership threshold to call a
special meeting.
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ELLINGTON FINANCIAL INC. Agenda Number: 935797615
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Security: 28852N109
Meeting Type: Annual
Meeting Date: 16-May-2023
Ticker: EFC
ISIN: US28852N1090
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Prop.# Proposal Proposal Proposal Vote For/Against
Type Management
1. DIRECTOR
Stephen J. Dannhauser Mgmt For For
Lisa Mumford Mgmt For For
Laurence E. Penn Mgmt For For
Edward Resendez Mgmt For For
Ronald I. Simon, Ph.D. Mgmt For For
2. The approval of an amendment to our Mgmt For For
Certificate of Incorporation to increase
the total authorized number of shares of
common stock for issuance from 100,000,000
to 200,000,000 shares with a corresponding
increase in the total authorized number of
shares from 200,000,000 to 300,000,000.
3. The approval, on an advisory basis, of the Mgmt For For
compensation of the named executive
officers.
4. The approval, on an advisory basis, of the Mgmt 1 Year For
frequency of a stockholder vote to approve
the compensation of our named executive
officers.
5. The ratification of PricewaterhouseCoopers Mgmt For For
LLP as the independent registered public
accounting firm for the year ending
December 31, 2023.
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PENNYMAC MORTGAGE INVESTMENT TRUST Agenda Number: 935833221
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Security: 70931T103
Meeting Type: Annual
Meeting Date: 08-Jun-2023
Ticker: PMT
ISIN: US70931T1034
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Prop.# Proposal Proposal Proposal Vote For/Against
Type Management
1a. Election of Class II Trustee for a term Mgmt For For
expiring at the 2026 Annual Meeting:
Preston DuFauchard
1b. Election of Class II Trustee for a term Mgmt For For
expiring at the 2026 Annual Meeting: Nancy
McAllister
1c. Election of Class II Trustee for a term Mgmt For For
expiring at the 2026 Annual Meeting: Stacey
D. Stewart
2. To ratify the appointment of our Mgmt For For
independent registered public accounting
firm for the fiscal year ending December
31, 2023.
3. To approve, by non-binding vote, our Mgmt For For
executive compensation.
4. Advisory vote on the frequency with which Mgmt 1 Year For
we hold advisory votes on our executive
compensation.
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REDWOOD TRUST, INC. Agenda Number: 935804080
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Security: 758075402
Meeting Type: Annual
Meeting Date: 23-May-2023
Ticker: RWT
ISIN: US7580754023
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Prop.# Proposal Proposal Proposal Vote For/Against
Type Management
1.1 Election of Director: Greg H. Kubicek Mgmt For For
1.2 Election of Director: Christopher J. Abate Mgmt For For
1.3 Election of Director: Armando Falcon Mgmt For For
1.4 Election of Director: Douglas B. Hansen Mgmt For For
1.5 Election of Director: Debora D. Horvath Mgmt For For
1.6 Election of Director: George W. Madison Mgmt For For
1.7 Election of Director: Georganne C. Proctor Mgmt For For
1.8 Election of Director: Dashiell I. Robinson Mgmt For For
1.9 Election of Director: Faith A. Schwartz Mgmt For For
2. To ratify the appointment of Grant Thornton Mgmt For For
LLP as our independent registered public
accounting firm for 2023.
3. To vote on a non-binding advisory Mgmt For For
resolution to approve named executive
officer compensation.
4. To vote on a non-binding advisory Mgmt 1 Year For
resolution to approve the frequency of
holding an advisory vote on named executive
officer compensation.
5. To vote on an amendment to our Amended and Mgmt For For
Restated 2014 Incentive Award Plan.
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RITHM CAPITAL CORP. Agenda Number: 935815425
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Security: 64828T201
Meeting Type: Annual
Meeting Date: 25-May-2023
Ticker: RITM
ISIN: US64828T2015
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Prop.# Proposal Proposal Proposal Vote For/Against
Type Management
1. DIRECTOR
David Saltzman Mgmt For For
2. To ratify the appointment of Ernst & Young Mgmt For For
LLP as independent registered public
accounting firm for Rithm Capital Corp. for
fiscal year 2023.
3. To approve (on a non-binding advisory Mgmt For For
basis) the compensation of our named
executive officers as described in the
accompanying materials.
4. To recommend (on a non-binding advisory Mgmt 1 Year For
basis) the frequency of an advisory vote on
the compensation of our named executive
officers in future years.
5. To approve the Rithm Capital Corp. 2023 Mgmt For For
Omnibus Incentive Plan.
* Management position unknown
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
(Registrant) Angel Oak Financial Strategies Income Term Trust
By (Signature) /s/ Adam Langley
Name Adam Langley
Title Principal Executive Officer
Date 08/16/2023