UBS Securities LLC
1285 Avenue of the Americas
New York, New York 10019
May 23, 2019
VIA EDGAR
Securities and Exchange Commission
Division of Investment Management
100 F Street, N.E.
Washington, D.C. 20549-0504
Attn: Mr. David Orlic
| RE: | Angel Oak Financial Strategies Income Term Trust |
| Registration Statement on Form N-2 (File Nos. 333-225967 and 811-23358) |
Dear Mr. Orlic:
In accordance with Rule 461 of the General Rules and Regulations under the Securities Act of 1933, as amended (the “1933 Act”), the undersigned, as representative of the prospective underwriters of the securities covered by the above named Registration Statement, hereby joins in the request of Angel Oak Financial Strategies Income Term Trust for acceleration of the effective date of the above-named Registration Statement so that it becomes effective by 10:00 a.m. Eastern Time, on May 28, 2019 or as soon thereafter as practicable after the filing of Pre-Effective Amendment No. 3 to the Registration Statement.
| Sincerely, | ||
| UBS SECURITIES LLC | ||
| As Representative of the several Underwriters | ||
| By: | /s/ Saawan Pathange | |
| Name: Saawan Pathange | ||
| Title: Managing Director | ||
| By: | /s/ Harris Baltch | |
| Name: Harris Baltch | ||
| Title: Executive Director | ||