Angel Oak Capital Advisors Announces Reverse Stock Splits for 3 ETFs

A 1:3 reverse share split with a new CUSIP (03463K760 to 03463K695) is a mechanical corporate action that leaves the fund's total value unchanged; the price per share rises proportionally while the number of shares falls. No economic change to holdings or strategy is stated, so no price effect is expected beyond operational adjustments.

A 1:7 reverse split with CUSIP change (03463K737 to 03463K687) alters the per-share price and identifier only; shareholder value is preserved by design. The notice contains no information on fund performance or flows that would move the market price.

A 1:5 reverse split with CUSIP change (03463K745 to 03463K679) is a routine structural adjustment with no economic substance; the per-share price scales up as the share count scales down. No valuation, holdings or strategy change is disclosed, so no directional price effect follows.