Welcome to our dedicated page for XAI Octagon Floating Rate and Alternative Income Trust Common Shares of Beneficial Interest news (Ticker: XFLT), a resource for investors and traders seeking the latest updates and insights on XAI Octagon Floating Rate and Alternative Income Trust Common Shares of Beneficial Interest stock.
XAI Octagon Floating Rate & Alternative Income Trust (XFLT) is a diversified, closed-end management investment company that focuses on providing investors with access to a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within private markets. The Trust aims to deliver an attractive total return with a strong emphasis on income generation across various stages of the credit cycle.
Founded by XA Investments LLC (XAI), a Chicago-based firm established in April 2016, XFLT benefits from the extensive expertise of XAI’s leadership team and its strategic partnerships with elite alternative asset managers. These partnerships include top-tier hedge fund managers, private debt and equity firms, and alternative credit managers, ensuring that XFLT leverages institutional-caliber investment strategies.
XAI’s unique approach, embodied in its proprietary Alternative Registered Trust (ART)™ platform, tailors its alternative investment offerings to meet the specific needs of financial advisors and their clients. This differentiated approach provides better access to a broader range of alternative investment options, underscoring XAI’s commitment to innovation and investor-centric solutions.
XA Investments, the driving force behind XFLT, was founded by XMS Capital Partners, LLC (XMS) in 2006. XMS is a global, independent financial services firm renowned for its M&A, corporate advisory, and asset management services. With a focus on building trusted relationships, XMS has successfully served a diverse clientele, solidifying its reputation in the financial services industry.
Recent achievements for XFLT include its strategic positioning to navigate the complexities of the credit cycle, continually optimizing its portfolio to enhance income generation. The Trust remains committed to providing its investors with sustainable returns by adapting to market trends and leveraging the expertise of its distinguished partners.
For the latest updates and news on XAI Octagon Floating Rate & Alternative Income Trust (XFLT), visit our news section which is regularly updated with relevant information about company performance, key events, and significant developments.
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE:XFLT) has announced a monthly distribution of
XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has announced a monthly distribution of
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has declared a monthly distribution of
The XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) will host a Quarterly Webinar on August 18, 2022, at 11:00 AM ET. Moderated by Robert Chenoweth from XA Investments, the webinar will feature discussions with Kimberly Flynn and Gretchen Lam from Octagon Credit Investors. The Trust aims for attractive total returns by investing primarily in floating rate credit instruments, targeting over 80% of its Managed Assets in this area. Investors are encouraged to join via the web or telephone and can find details on the XAI website.
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced its monthly distribution of $0.073 per share for common shares, payable on September 1, 2022. The distribution remains unchanged from the previous month. The record date for common shareholders is August 15, 2022. The Trust's distributions may come from net investment income, capital gains, or a return of capital. Shareholders are advised to review their tax implications, as distributions may affect their tax basis.
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) announced a monthly distribution of
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has successfully closed a private placement of 400,000 shares of its 6.00% Series 2029 Convertible Preferred Shares and a direct placement of 1,450,000 common shares at $6.90 each. The Trust raised approximately $19.2 million in net proceeds, which will be allocated for investments aligned with its objectives, reducing outstanding borrowings, and general working capital. These transactions reinforce the Trust's income-generating strategy across the credit cycle.
The XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has entered a Purchase Agreement for 400,000 shares of its 6.00% Series 2029 Convertible Preferred Shares, with net proceeds expected to be around $9.3 million. The offering closes June 30, 2022. Additionally, the Trust will sell 1,450,000 Common Shares at $6.90 each, aiming for net proceeds of approximately $10 million. The Convertible Preferred Shares yield a quarterly dividend of $1.50 per share. Proceeds will be utilized for investments, paying down debt, and general working capital.
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced a monthly distribution of
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