EX-FILING FEES

Calculation of Filing Fee Tables

FORM N-2

(Form Type)

ANGEL OAK FINANCIAL STRATEGIES INCOME TERM TRUST

(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered Securities

Security Type

Security Class Title

Fee Calculation or Carry Forward Rule

Amount Registered

Proposed Maximum Offering Price Per Unit

Maximum Aggregate Offering Price(1)

Fee Rate

Amount of Registration Fee(1)

Carry Forward Form Type

Carry Forward File Number

Carry Forward Initial effective date

Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward

Newly Registered Securities

Fees to Be Paid

Fees Previously Paid

Carry Forward Securities

Carry Forward Securities

Equity

Common shares of beneficial interest, $0.001 par value per share

Rule 415(a)(6)

$118,404,233.62(1)

0.0001091(2)

$12,917.90

N-2

333-240132

September 9, 2021

$12,917.90

Total Offering Amounts

$118,404,233.62

$12,917.90

Total Fees Previously Paid

$12,917.90

Total Fee Offsets

$0.00

Net Fee Due

$0.00

(1) Pursuant to Rule 415(a)(6) under the Securities Act of 1933, as amended, this Registration Statement carries forward $118,404,233.62 maximum aggregate offering price of unsold shares of beneficial interest that were previously registered pursuant to Registrant’s Registration Statement on Form N-2 (File No. 333-240132) effective September 9, 2021.

(2) This fee rate reflects the fee for shares registered in August 2021.