Latest news with #FINS
Business Wire
02-06-2025
- Business
- Business Wire
Angel Oak Financial Strategies Income Term Trust Declares June 2025 Distribution
ATLANTA--(BUSINESS WIRE)-- The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned. A portion of each distribution may be treated as paid from sources other than net investment income, including but not limited to short-term capital gain, long-term capital gain, or return of capital. As required by Section 19(a) of the Investment Company Act of 1940, a notice will be distributed to shareholders in the event that a portion of a monthly distribution is derived from sources other than undistributed net investment income. The final determination of the source and tax characteristics of these distributions will depend upon the Fund's investment experience during its fiscal year and will be made after the Fund's year end. The Fund will send to investors a Form 1099-DIV for the calendar year that will define how to report these distributions for federal income tax purposes. Angel Oak does not provide tax advice; shareholders should consult their tax advisor. A return of capital distribution does not necessarily reflect a fund's investment performance and should not be confused with 'yield' or 'income.' ABOUT FINS Led by Angel Oak's experienced financial services team, FINS invests predominantly in U.S. financial sector debt as well as selective opportunities across financial sector preferred and common equity. Under normal circumstances, at least 50% of FINS' portfolio is publicly rated investment grade or, if unrated, judged to be of investment grade quality by Angel Oak. ABOUT ANGEL OAK CAPITAL ADVISORS, LLC Angel Oak Capital Advisors is an investment management firm focused on providing compelling fixed-income investment solutions to its clients. Backed by a value-driven approach, Angel Oak Capital Advisors seeks to deliver attractive, risk-adjusted returns through a combination of stable current income and price appreciation. Its experienced investment team seeks the best opportunities in fixed income, with a specialization in mortgage-backed securities and other areas of structured credit. Information regarding the Fund and Angel Oak Capital Advisors can be found at Past performance is neither indicative nor a guarantee of future results. Investors should consider the investment objective and policies, risk considerations, charges and ongoing expenses of an investment carefully before investing. For more information please contact your investment representative or Destra Capital Advisors LLC at 877.855.3434. © 2025 Angel Oak Capital Advisors, which is the investment adviser to the Angel Oak Financial Strategies Income Term Trust.
Yahoo
05-04-2025
- Yahoo
The link between truancy, violent crime and how Louisiana is working to break
SHREVEPORT, La. (KTAL/KMSS) – There is a link between truancy and crime. District attorneys' offices across the state are partnering with school districts and family service providers to find solutions to root causes. In his monthly newsletter, Caddo District Attorney James E. Stewart, Sr., noted that a recent analysis of men 18-29 in East Baton Rouge Parish convicted of murder during 15 years showed a direct correlation between poor school attendance and crime. Stewart noted that in each sampling of the age group, chronic absenteeism during at least one school year was a common thread. He said if similar analysis were done for Caddo, 'I have no doubt these results would be similar in our parish. Truants are often the children of parents who did not find success in their own school or value education.' 19-year-old awaits life sentence after guilty verdict in slaying of BTW student During a January 10, 2025, meeting of the Louisiana Board of Elementary and Secondary Education (BESE), a motion was approved for BESE to work with the Louisiana Supreme Court and the Governor's office to convene a statewide summit addressing the issue of truancy and chronic absenteeism in Louisiana K-12 schools, which was 41.8 percent statewide in 2023-2024, with an average student number of days absent at 11.6. Louisiana Chief Justice Weimer was in attendance and explained how the state's FINS or Families in Need of Service program has worked to mitigate extreme issues of absenteeism and truancy without punishing families that may just need guidance. 'Judges throughout Louisiana have been dedicated to improving their communities for decades in ways that most people don't even realize,' said Chief Justice Weimer. The Louisiana Supreme Court has managed the Families In Need of Services Assistance Program (FINS-AP) for decades, and the Court Appointed Special Advocates Assistance Program (CASA AP) for decades, and the Judges in the Classroom program has reached out to students throughout the state. If we do not improve children's school attendance, unfortunately, we will have to address in our court system problems caused by truancy. We would prefer not to do that but instead support collaborative efforts to address root causes.' Caddo Parish Schools Superintendent Keith Burton said the district has given particular attention to truancy during the 2024-2025 school year. 'The concept of chronic absenteeism and chronic tardiness is something that we, as a school district, must grapple with,' Burton said. He said partnering with the community, DA, and others in law enforcement is critical, but understands that addressing the root causes is where the solution lies. Addressing the plague of juvenile crime: A Beyond the Headlines special 'What are all of the cause relationships that are leading that family to have a truant child or a child who is chronically tardy?' Burton said that is the district's focus. He said the district and school staff can identify which students will have excessive missed days or late entrances early into the school year, so they are working toward a proactive solution before police and Caddo Juvenile Services are called to intervene, neither of which contributes to successful classroom outcomes. 'Before a child reaches the point of having extreme absenteeism, let's work with them, let's find out why. Let's be able to provide partnerships and mentorships and work with the families on what are the barriers that are getting in the way of that child being successful at school,' Burton explained. He says contributing factors, such as uniforms or transportation, are often reasons students miss school, but larger issues, like bullying or academic struggles, can also cause a disconnect between school and families. 'We're working proactively with VYJ, with the DAs Office, with law enforcement, and all of our community partners to address this dynamic issue,' Burton said. Superintendent on possible Caddo Parish school closures The Louisiana Department of Education Success Through Attendance Recovery (STAR) Program delivered recommended actions for consideration by policymakers and legislators that the BESE board said will be part of the ongoing student attendance conversation. Those recommendations include. Requiring schools to utilize an existing team to monitor and analyze attendance data. Keep the existing definition of truancy in statute, but create a discretionary referral process to utilize the justice system's resources most efficiently. Adopt a formal definition of chronic absenteeism as students who are enrolled for at least 10 days and are absent 10% or more of days enrolled, students re counted once at each level. Identify ways to make past attendance history available to the receiving school system. Create a model program for guidance on reducing truancy in conjunction with juvenile court judges. Limit the number of days that a parent note can excuse to five per year. Create a standardized paper and digital form for parent notes. Require and improve the delivery of career exploration and extracurricular activities in elementary and middle schools. BESE will announce the date and more information about the statewide summit to address truancy and absenteeism later in the year. 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