XAI Octagon Floating Rate & Alternative Income Term Trust Reaches $500 Million Total Managed Assets Milestone
- The Trust has experienced unparalleled asset growth compared to other closed-end funds.
- The Trust provides investors access to income-producing securities including senior loans, CLO debt, and CLO equity.
- The Trust's asset mix is designed to seek enhanced risk-adjusted returns over time.
- None.
XFLT provides investors access to income-producing securities including senior loans, collateralized loan obligation (“CLO”) debt and CLO equity. The Trust’s investment objective is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle. Kimberly Flynn, Managing Director at XAI noted, “We believe the Trust is uniquely positioned in the listed closed-end fund marketplace with its strategic investment mix of income-producing securities including loans and CLO investments. The Trust’s asset mix is designed to seek enhanced risk-adjusted returns over time.”
Ted Brombach, Co-CEO of XAI also noted, “We are pleased with the strong asset growth we’ve observed in this Trust and its reception among institutional investors, financial advisors and other income-oriented investors. Octagon Credit Investors is a recognized leader in the CLO marketplace and as such the Trust has developed a loyal investor base. Our investor relations and marketing team has prioritized investor education efforts on the CLO market, which we believe has supported the Trust’s growth over time.”
Gretchen Lam, Senior Portfolio Manager at Octagon, commented, “We are pleased to reach this milestone, which we believe underscores the resiliency of the loan and CLO markets, and the strength of the Trust’s investment strategy. We thank the shareholders for their confidence, and we are excited for the next phase of the Trust’s growth. We look forward to further serving a broader investor base with additional institutional strategies that leverage Octagon’s core competencies.”
There can be no assurance that the Trust will achieve its investment objective. The Trust pays regular monthly distributions based on GAAP earnings. The Trust’s common shares are traded on the New York Stock Exchange under the symbol “XFLT,” and the Trust’s
About XA Investments
XA Investments LLC (“XAI”) serves as the Trust’s investment adviser. XAI is a
About XMS Capital Partners
XMS Capital Partners, LLC, established in 2006, is a global, independent, financial services firm providing M&A, corporate advisory and asset management services to clients. It has offices in
About Octagon Credit Investors
Octagon Credit Investors, LLC (“Octagon”) serves as the Trust’s investment sub-adviser. Octagon is a 25+ year old,
XAI does not provide tax advice; please consult a professional tax advisor regarding your specific tax situation. Income may be subject to state and local taxes, as well as the federal alternative minimum tax.
Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Trust carefully before investing. For more information on the Trust, please visit the Trust’s webpage at www.xainvestments.com.
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
NOT FDIC INSURED |
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NO BANK GUARANTEE |
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MAY LOSE VALUE |
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Kimberly Flynn, Managing Director
XA Investments LLC
Phone: 888-903-3358
Email: KFlynn@XAInvestments.com
www.xainvestments.com
Source: XA Investments LLC
