<DOCUMENT>
<TYPE>N-PX
<SEQUENCE>1
<FILENAME>ao-fins_npx.txt
<DESCRIPTION>ANNUAL REPORT FOR N-PX
<TEXT>
                                  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 Road NE, Suite
                                         1725
                                         Atlanta, GA 30326

 NAME AND ADDRESS OF AGENT FOR SERVICE:  Dory S. Black, Esq., President
                                         c/o Angel Oak Capital Advisors,
                                         LLC
                                         3344 Peachtree Road NE, Suite
                                         1725
                                         Atlanta, GA 30326

 REGISTRANT'S TELEPHONE NUMBER:          404-953-4900

 DATE OF FISCAL YEAR END:                01/31

 DATE OF REPORTING PERIOD:               07/01/2019 - 06/30/2020


<PAGE>

<TABLE>
<S>    <C>                                                       <C>           <C>                            <C>

Angel Oak Financial Strategies Income Term Trust
--------------------------------------------------------------------------------------------------------------------------
 The fund held no voting securities during the reporting period and did not vote any securities or have
 any securities that were subject to a vote during the reporting period.


</TABLE>

<PAGE>

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/ Dory S Black
Name                 Dory S Black
Title                Principal Executive Officer
Date                 08/20/2020

</TEXT>
</DOCUMENT>