Certain Common Shares of Beneficial Interest of Angel Oak Financial Strategies Income Term Trust are subject to a Lock-Up Agreement Ending on 24-NOV-2019. These Common Shares of Beneficial Interest will be under lockup for 180 days starting from 28-MAY-2019 to 24-NOV-2019. Details: Certain financial institutions and their affiliates and certain members of senior management of the Adviser who have indicated an interest in purchasing Shares in this offering have agreed that, (i) for a period of 180 days from the date of this Prospectus, such party will not, without the prior written consent of the Representatives, on behalf of the Underwriters, offer, pledge, sell, contract to sell or otherwise dispose of or agree to sell or otherwise dispose of, directly or indirectly, or hedge any Shares or any securities convertible into or exchangeable for Shares.