When angels are 'rolled up', the trust acts as the shareholder of record, pooling the angels together.

Despite this pooling, angels retain their status as beneficial owners of the shares.

This means that they continue to enjoy all the economic benefits associated with their shares. Additionally, the trust is structured in a way that allows angels to participate in voting as if they were individual shareholders.

Therefore, the process of rolling up angels does not diminish their shareholder rights. Instead, it streamlines administrative procedures while ensuring that angels maintain their entitlements and participation in corporate governance matters.