As filed with the Securities and Exchange Commission on August 30, 2018

Registration File No. 333-220480

Registration File No. 811-23289

U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM N-2

☒ REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

☒ Post-Effective Amendment No. 2

☒ REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

☒ Amendment No. 4

ANGEL OAK STRATEGIC CREDIT FUND
(Exact Name of Registrant as Specified in Charter)

One Buckhead Plaza

3060 Peachtree Road NW, Suite 500

Atlanta, Georgia 30305
(Address of Principal Executive Offices)

Registrant's Telephone Number, including Area Code: (404) 953-4900

Dory S. Black, Esq., President

c/o Angel Oak Capital Advisors, LLC

One Buckhead Plaza

3060 Peachtree Rd. NW, Suite 500

Atlanta, GA 30305
(Name and Address of Agent for Service)

Copies of information to:

Douglas P. Dick

Stephen T. Cohen

Dechert LLP

1900 K Street NW

Washington, DC 20006

Approximate Date of Proposed Public Offering:
From time to time after the effective date of this Registration Statement.

If any securities being registered on this form will be offered on a delayed or continuous basis in reliance on Rule 415 under the Securities Act of 1933, other than securities offered in connection with a dividend reinvestment plan, check the following box. ý

It is proposed that this filing will become effective (check appropriate box):

☐ when declared effective pursuant to section 8(c).

☐ immediately upon filing pursuant to paragraph (b) of Rule 486.

ý on September 6, 2018, pursuant to paragraph (b) of Rule 486.

☐ 60 days after filing pursuant to paragraph (a) of Rule 486.

☐ on (date) pursuant to paragraph (a) of Rule 486.

ý this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

EXPLANATORY NOTE

This Post-Effective Amendment No. 2 to the Registrant’s Registration Statement on Form N-2 (the “Registration Statement”) is being filed pursuant to paragraph (b)(1)(iii) of Rule 486 under the Securities Act of 1933, as amended (the “Securities Act”), solely for the purpose of delaying, until September 6, 2018, the effectiveness of Post-Effective Amendment No. 1 to the Registration Statement, which was filed pursuant to Rule 486(a) under the Securities Act on July 2, 2018 (the “Amendment”). Parts A, B, and C of the Amendment are incorporated by reference herein.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all requirements for effectiveness pursuant to Rule 486(b)(1)(iii) and has duly caused this Post-Effective Amendment to its Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Atlanta and State of Georgia on the 30th day of August, 2018.

	ANGEL OAK STRATEGIC CREDIT FUND

	(A Delaware statutory trust)

	By:	/s/ Dory S. Black
		Dory S. Black
		President

Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment to the Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

Name	Title	Date
/s/ Alvin R. Albe, Jr.*	Trustee	8/30/18
Alvin R. Albe, Jr.
/s/ Ira P. Cohen*	Trustee	8/30/18
Ira P. Cohen
/s/ Keith M. Schappert*	Trustee	8/30/18
Keith M. Schappert
/s/ Sreeniwas V. Prabhu*	Trustee	8/30/18
Sreeniwas V. Prabhu
/s/ Dory S. Black	President	8/30/18
Dory S. Black
/s/ Daniel Fazioli	Treasurer, Principal Financial Officer and Principal Accounting Officer	8/30/18
Daniel Fazioli

*By:	/s/ Dory S. Black
	Dory S. Black
	Attorney-in-Fact pursuant to Powers of Attorney