Welcome to our dedicated page for XAI Octagon FR & Alternative Trust news (Ticker: XFLT), a resource for investors and traders seeking the latest updates and insights on XAI Octagon FR & Alternative Trust 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 declared a monthly distribution of $0.073 per share, consistent with the previous month's amount. The distribution will be payable on December 31, 2021 to shareholders on record as of December 15, 2021. The Ex-Dividend date is set for December 14, 2021. The Trust's distributions may be comprised of net investment income, capital gains, or return of capital, and their specific tax characteristics will be reported to shareholders after year-end.
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced a monthly distribution of
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced a monthly distribution of
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) announced a registered direct offering of 400,000 shares of 6.50% Series 2026 Term Preferred Shares at $25.00 per share, generating approximately $10 million in proceeds before expenses. The Trust plans to utilize these funds to invest according to its objectives, reduce outstanding borrowings, and cover general working capital. The offering is expected to close around September 8, 2021.
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE:XFLT) has announced a regular monthly distribution of
The Trust under the symbol XFLT is set to host its Quarterly Webinar on August 17, 2021, at 11:00 AM ET, where the management team will discuss performance for the period ending June 30, 2021. The Trust aims for attractive total returns by focusing on income generation through a diverse portfolio in private credit markets, with at least 80% of assets in floating rate instruments. The webinar will provide insights into the Trust's strategies, moderated by Robert Chenoweth of XA Investments.
XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has declared a monthly distribution of $0.073 per share, payable on September 1, 2021. This amount remains unchanged from the previous month. Key dates include the Ex-Dividend Dateb>: August 16, 2021 and Record Date: August 17, 2021. Distributions may come from net investment income, capital gains, or a return of capital. The Trust aims for stable monthly distributions but cannot assure future payment amounts. Investors should consider the Trust's objectives, risks, and expenses before investing.
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has completed its public offering of 3,565,000 common shares at $8.50 each, raising approximately $29.0 million. The proceeds will be invested according to the Trust's income generation goals across various stages of the credit cycle. B. Riley Securities, Inc. and Ladenburg Thalmann & Co. acted as joint book-running managers, with several firms as co-managers. Relevant prospectus details are available via the SEC and the managing firms.
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced its public offering of 3,100,000 Common Shares at $8.50 each, aiming to raise approximately $25.3 million before expenses. The Trust has also provided underwriters with a 30-day option for an additional 465,000 shares. Expected closing is around July 23, 2021. The net proceeds will be invested to meet the Trust's objective of generating attractive total returns across credit cycles. B. Riley Securities and Ladenburg Thalmann are leading the offering.
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has initiated an underwritten public offering of common shares under its shelf registration with the SEC. The offering allows underwriters a 30-day option to purchase an additional 15% of the shares for overallotments. The net proceeds will be invested per the Trust's objectives. B. Riley Securities and Ladenburg Thalmann are leading the offering with additional support from other firms. Investors should review the preliminary prospectus for detailed information and consider the associated risks.
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