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XAI Octagon Floating Rate & Alternative Income Term Trust Will Host Q4 2022 Quarterly Webinar on March 2, 2023
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) is hosting a Quarterly Webinar on March 2, 2023, at 11:00 am ET. The event will feature insights from key executives including Kimberly Flynn and Gretchen Lam. The Trust aims to generate an attractive total return with a strong emphasis on income by investing in floating rate credit instruments. Investors can join via web or phone, and a replay will be available in the Knowledge Bank section of their website.
The Trust trades on the NYSE under the symbol XFLT and focuses on private credit markets.
Positive
Trust will hold a webinar, enhancing transparency and communication with investors.
The investment objective emphasizes attractive returns and income generation.
Focus on floating rate credit instruments can protect against interest rate fluctuations.
Negative
There is no guarantee that the Trust will achieve its investment objectives, highlighting inherent investment risks.
CHICAGO--(BUSINESS WIRE)--
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) (the “Trust”) today announced that it plans to host the Trust’s Quarterly Webinar on March 2, 2023 at 11:00 am (Eastern Time). Robert Chenoweth, Vice President at XA Investments (“XAI”) will moderate the Q&A style webinar with Kimberly Flynn, Managing Director at XAI, and Gretchen Lam, Senior Portfolio Manager at Octagon Credit Investors.
TO JOIN VIA WEB: Please go to the Knowledge Bank section of xainvestments.com or click here to find the online registration link.
TO USE YOUR TELEPHONE: After joining via web, if you prefer to use your phone for audio, you must select that option and call in using a number below, based on your current location.
Dial: (312) 626-6799 or (267) 831-0333 or (646) 558-8656 or (213) 338-8477 or (720) 928-9299
Webinar ID: 815 7511 2773
Passcode: 777339
REPLAY: A replay of the webinar will be available in the Knowledge Bank section of www.xainvestments.com or through the same registration link previously used.
The investment objective of the Trust is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle. The Trust seeks to achieve its investment objective by investing in a dynamically managed portfolio of opportunities primarily within the private credit markets. Under normal market conditions, the Trust will invest at least 80% of its Managed Assets in floating rate credit instruments and other structured credit investments. There can be no assurance that the Trust will achieve its investment objective.
The Trust’s common shares are traded on the New York Stock Exchange under the symbol “XFLT,” and the Trust’s 6.50% Series 2026 Term Preferred Shares are traded on the New York Stock Exchange under the symbol “XFLTPRA.”
About XA Investments
XA Investments LLC (“XAI”) serves as the Trust’s investment adviser. XAI is a Chicago-based firm founded by XMS Capital Partners in April, 2016. In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds to meet institutional client needs. XAI offers custom product build and consulting services, including development and market research, sales, marketing, fund management and administration. XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers. XAI provides individual investors with access to institutional-caliber alternative managers. For more information, please visit www.xainvestments.com.
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 Chicago, Boston and London. For more information, please visit www.xmscapital.com.
About Octagon Credit Investors
Octagon Credit Investors, LLC (“Octagon”) serves as the Trust’s investment sub-adviser. Octagon is a 25+ year old, $33.8B below-investment grade corporate credit investment adviser focused on leveraged loan, high yield bond and structured credit (CLO debt and equity) investments. Through fundamental credit analysis and active portfolio management, Octagon’s investment team identifies attractive relative value opportunities across below-investment grade asset classes, sectors and issuers. Octagon’s investment philosophy and methodology encourage and rely upon dynamic internal communication to manage portfolio risk. Over its history, the firm has applied a disciplined, repeatable and scalable approach in its effort to generate attractive risk-adjusted returns for its investors. For more information, please visit www.octagoncredit.com.
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.
The XFLT webinar is scheduled for March 2, 2023, at 11:00 am ET.
How can I join the XFLT webinar?
You can join the XFLT webinar via the Knowledge Bank section of xainvestments.com or by phone using specified dial-in numbers.
What is the investment objective of XFLT?
The investment objective of XFLT is to achieve attractive total return with a strong emphasis on income generation across multiple stages of the credit cycle.
What percentage of assets does XFLT invest in floating rate credit instruments?
Under normal market conditions, XFLT invests at least 80% of its Managed Assets in floating rate credit instruments.
Where can I find a replay of the XFLT webinar?
A replay of the XFLT webinar will be available in the Knowledge Bank section of xainvestments.com.
XAI Octagon Floating Rate and Alternative Income Trust Common Shares of Beneficial Interest
