XMS CAPITAL PARTNERS

XAI Octagon Floating Rate & Alternative Income Term Trust Closes Public Offering of Common Shares

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星期五, 七月 23, 2021
Consulting, Professional services, Finance, Common law, Equity, Inheritance, Trust law, Investment funds, Private equity, XA Investments, XMS Capital Partners, Octagon Credit Investors, XA INVESTMENTS, XMS CAPITAL PARTNERS, OCTAGON CREDIT INVESTORS

XAI Octagon Floating Rate & Alternative Income Term Trust (the Trust) (NYSE: XFLT), a diversified, closed-end management investment company with an investment objective to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle, has closed its previously announced underwritten public offering of 3,565,000 common shares of beneficial interest (Common Shares) at an offering price of $8.50 per Common Share.

Key Points: 
  • XAI Octagon Floating Rate & Alternative Income Term Trust (the Trust) (NYSE: XFLT), a diversified, closed-end management investment company with an investment objective to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle, has closed its previously announced underwritten public offering of 3,565,000 common shares of beneficial interest (Common Shares) at an offering price of $8.50 per Common Share.
  • The Trust intends to invest the net proceeds from the offering in accordance with its investment objective and policies.
  • XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers.
  • The Trust, XAI and Octagon do not provide tax advice; consult a professional tax advisor regarding your specific tax situation.

XAI Octagon Floating Rate & Alternative Income Term Trust Prices Public Offering of Common Shares

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星期三, 七月 21, 2021
Consulting, Professional services, Finance, Common law, Equity, Inheritance, Trust law, Investment funds, XA Investments, XMS Capital Partners, Octagon Credit Investors, XA INVESTMENTS, XMS CAPITAL PARTNERS, OCTAGON CREDIT INVESTORS

The Trust agreed to sell 3,100,000 Common Shares at a price to the public of $8.50 per Common Share.

Key Points: 
  • The Trust agreed to sell 3,100,000 Common Shares at a price to the public of $8.50 per Common Share.
  • In addition, the Trust has granted the underwriters a 30-day option to purchase up to 465,000 additional Common Shares to cover over-allotments, if any.
  • The Trust intends to invest the net proceeds from the offering in accordance with its investment objective and policies.
  • The Trust, XAI and Octagon do not provide tax advice; consult a professional tax advisor regarding your specific tax situation.

XAI Octagon Floating Rate & Alternative Income Term Trust Commences Public Offering of Common Shares

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星期二, 七月 20, 2021
Consulting, Professional services, Finance, Common law, Equity, Inheritance, Trust law, XA Investments, XMS Capital Partners, Octagon Credit Investors, XA INVESTMENTS, XMS CAPITAL PARTNERS, OCTAGON CREDIT INVESTORS

XAI Octagon Floating Rate & Alternative Income Term Trust (the “Trust”) (NYSE: XFLT), a diversified, closed-end management investment company with an investment objective to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle, has announced that it has commenced an underwritten public offering of common shares of beneficial interest (“Common Shares”) pursuant to the Fund’s effective shelf registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”). The Trust also intends to grant the underwriters a 30-day option to purchase up to an additional fifteen percent (15%) of the Common Shares sold to cover over-allotments, if any. The final terms of the offering will depend on market and other conditions at the time of pricing, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Key Points: 
  • The Trust intends to invest the net proceeds from the offering in accordance with its investment objective and policies.
  • The offering of Common Shares may be made only by means of a prospectus.
  • XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers.
  • The Trust, XAI and Octagon do not provide tax advice; consult a professional tax advisor regarding your specific tax situation.

XAI Octagon Floating Rate & Alternative Income Term Trust Declares its Monthly Common Shares Distribution and Quarterly Preferred Shares Dividend

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星期四, 七月 1, 2021
Banking, Accounting, Professional services, Finance, Finance, Money, Financial markets, Equity securities, Stock market, Corporate finance, Income statement, United States Generally Accepted Accounting Principles, Dividend, Preferred stock, Trust law, Liquidation preference, XA Investments, XMS Capital Partners, Octagon Credit Investors, XA INVESTMENTS, XMS CAPITAL PARTNERS, OCTAGON CREDIT INVESTORS

Shareholders should not assume that the source of a distribution from the Trust is net income or profit.

Key Points: 
  • Shareholders should not assume that the source of a distribution from the Trust is net income or profit.
  • The Trusts net investment income and capital gain can vary significantly over time; however, the Trust seeks to maintain more stable common share monthly distributions over time.
  • The common share distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period.
  • The Trusts 6.50% Series 2026 Term Preferred Shares dividend was calculated based on the preferred shares Liquidation Preference of $25.00 per share and the current quarterly distribution rate per share of $0.40625.

XAI Octagon Floating Rate & Alternative Income Term Trust Declares its Monthly Distribution of $0.073 per Share

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星期二, 六月 1, 2021
Banking, Accounting, Professional services, Finance, Economy, Money, Finance, Financial ratios, Taxation in Canada, Common law, Equity, Inheritance, Trust law, Rate of return, Income trust, Income tax in the United States, XA Investments, XMS Capital Partners, Octagon Credit Investors, XA INVESTMENTS, XMS CAPITAL PARTNERS, OCTAGON CREDIT INVESTORS

Shareholders should not assume that the source of a distribution from the Trust is net income or profit.

Key Points: 
  • Shareholders should not assume that the source of a distribution from the Trust is net income or profit.
  • The Trusts net investment income and capital gain can vary significantly over time, however, the Trust seeks to maintain more stable monthly distributions over time.
  • The Trusts final taxable income for the current fiscal year will not be known until the Trusts tax returns are filed.
  • The distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period.

XAI Octagon Floating Rate & Alternative Income Term Trust Will Host Q1 2021 Quarterly Webinar on May 27, 2021

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星期四, 五月 20, 2021
Finance, Banking, Accounting, Professional services, Other Professional Services, XA Investments, XMS Capital Partners, Octagon Credit Investors, XA INVESTMENTS, XMS CAPITAL PARTNERS, OCTAGON CREDIT INVESTORS

b'XAI Octagon Floating Rate & Alternative Income Term Trust (\xe2\x80\x9cXFLT\xe2\x80\x9d or the \xe2\x80\x9cTrust\xe2\x80\x9d) today announced that it plans to host the Trust\xe2\x80\x99s Quarterly Webinar on May 27, 2021 at 11:00 am (Eastern Time).

Key Points: 
  • b'XAI Octagon Floating Rate & Alternative Income Term Trust (\xe2\x80\x9cXFLT\xe2\x80\x9d or the \xe2\x80\x9cTrust\xe2\x80\x9d) today announced that it plans to host the Trust\xe2\x80\x99s Quarterly Webinar on May 27, 2021 at 11:00 am (Eastern Time).
  • 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.\nXA Investments LLC (\xe2\x80\x9cXAI\xe2\x80\x9d) serves as the Trust\xe2\x80\x99s investment adviser.

XAI Octagon Floating Rate & Alternative Income Term Trust Declares Its Monthly Distribution of $0.073 Per Share

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星期一, 五月 3, 2021
Professional services, Finance, Asset, Finance, XA Investments, XMS Capital Partners, Octagon Credit Investors, XA INVESTMENTS, XMS CAPITAL PARTNERS, OCTAGON CREDIT INVESTORS

Shareholders should not assume that the source of a distribution from the Trust is net income or profit.

Key Points: 
  • Shareholders should not assume that the source of a distribution from the Trust is net income or profit.
  • GAAP\xe2\x80\x9d), and, as a result, there may be significant differences between the Trust\xe2\x80\x99s GAAP income and its taxable income.
  • 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.
  • XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers.