Angel Oak Financial Institutions Income Term Trust
One Buckhead Plaza
3060 Peachtree Road NW, Suite 500
Atlanta, GA 30305
May 11, 2018
VIA EDGAR
Securities and Exchange Commission
Division of Investment Management
100 F Street N.E.
Washington, D.C. 20549
Re: | Angel Oak Financial Institutions Income Term Trust |
(FileNo. 333- 222966)
Ladies and Gentlemen:
Pursuant to Rule 477 promulgated under the Securities Act of 1933, as amended (the “Securities Act”), Angel Oak Financial Institutions Income Term Trust (the “Fund”) hereby requests that the Securities and Exchange Commission (the “Commission”) consent to the withdrawal of the Fund’s registration statement on FormN-2 (together with all exhibits thereto) in connection with the proposed initial registration of the Fund’s common shares of beneficial interest (together with all amendments and exhibits thereto, the “Registration Statement”). No securities were issued or sold pursuant to the Registration Statement.
The Fund intends tode-register under the Investment Company Act of 1940, as amended, by filing for an order declaring that the Fund has ceased to be an investment company on FormN-8F as soon as practicable.
Pursuant to the foregoing, the Fund hereby respectfully requests that the withdrawal of the Registration Statement be effective as of the date hereof or as soon as practicable thereafter and that a written order granting the withdrawal of the Registration Statement be issued by the Commission. Pursuant to paragraph (b) of Rule 477 of the Securities Act, we understand that this request for withdrawal will be deemed granted as of the date of the filing of this letter unless we are otherwise notified within 15 calendar days of the filing of this letter.
Any questions or comments regarding this filing should be directed to our counsel, Stephen T. Cohen of Dechert LLP, at 212.261.3304.
Sincerely, | ||
ANGEL OAK FINANCIAL INSTITUTIONS INCOME TERM TRUST | ||
By: | /s/ Dory S. Black | |
Dory S. Black | ||
President and Principal Executive Officer |