N-PX 1 fins-npx.txt ANNUAL REPORT OF PROXY VOTING 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 -------------------------------------------------------------------------------------------------------------------------- AGNC INVESTMENT CORP. Agenda Number: 935775645 -------------------------------------------------------------------------------------------------------------------------- Security: 00123Q104 Meeting Type: Annual Meeting Date: 20-Apr-2023 Ticker: AGNC ISIN: US00123Q1040 -------------------------------------------------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------------------------------------------------- ANNALY CAPITAL MANAGEMENT, INC. Agenda Number: 935793807 -------------------------------------------------------------------------------------------------------------------------- Security: 035710839 Meeting Type: Annual Meeting Date: 17-May-2023 Ticker: NLY ISIN: US0357108390 -------------------------------------------------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------------------------------------------------- ELLINGTON FINANCIAL INC. Agenda Number: 935797615 -------------------------------------------------------------------------------------------------------------------------- Security: 28852N109 Meeting Type: Annual Meeting Date: 16-May-2023 Ticker: EFC ISIN: US28852N1090 -------------------------------------------------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------------------------------------------------- PENNYMAC MORTGAGE INVESTMENT TRUST Agenda Number: 935833221 -------------------------------------------------------------------------------------------------------------------------- Security: 70931T103 Meeting Type: Annual Meeting Date: 08-Jun-2023 Ticker: PMT ISIN: US70931T1034 -------------------------------------------------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------------------------------------------------- REDWOOD TRUST, INC. Agenda Number: 935804080 -------------------------------------------------------------------------------------------------------------------------- Security: 758075402 Meeting Type: Annual Meeting Date: 23-May-2023 Ticker: RWT ISIN: US7580754023 -------------------------------------------------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------------------------------------------------- RITHM CAPITAL CORP. Agenda Number: 935815425 -------------------------------------------------------------------------------------------------------------------------- Security: 64828T201 Meeting Type: Annual Meeting Date: 25-May-2023 Ticker: RITM ISIN: US64828T2015 -------------------------------------------------------------------------------------------------------------------------- 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