CHICAGO–(COMMERCIAL THREAD) – XAI Octagon Floating Rate & Alternative Income Term Trust (the “Trust”) announced today that it plans to host the Trust’s quarterly webinar on August 17, 2021 at 11:00 am EST ). The Trust will discuss the three-month period ending June 30, 2021. Robert Chenoweth, Vice President of Inside Sales at XA Investments (“XAI”) will host the question-and-answer style webinar with Kimberly Flynn, Managing Director of XAI, and Gretchen Lam, Senior Portfolio Manager at Octagon Credit Investors.
All interested parties are welcome.
TO REACH VIA THE WEB: Please go to the Knowledge Bank section of xainvestments.com or Click here to find the online registration link.
TO USE YOUR PHONE: After joining via the web, if you prefer to use your phone for audio, you should select “Use phone” and call using the numbers below.
United States: +1 (562) 247-8422
Access code: 812-910-890
Audio PIN code: displayed after joining the webinar
REPLAY: A replay of the webinar will be available in the Knowledge Bank section of xainvestments.com or through the same registration link used previously.
The investment objective of the Trust is to seek an attractive total return with an emphasis on income generation through several stages of the credit cycle. The Trust seeks to achieve its investment objective by investing in a dynamically managed portfolio of opportunities, primarily in the private credit markets. Under normal market conditions, the Trust will invest at least 80% of its assets under management in floating rate credit instruments and other structured credit investments. There can be no assurance that the Trust will achieve its investment objective.
The common shares of the Trust trade on the New York Stock Exchange under the symbol “XFLT” and the Trust’s 6.50% Series 2026 Term Preferred Shares trade on the New York Stock Exchange under the symbol “XFLTPRA “.
About XA Investments
XA Investments LLC (“XAI”) acts as investment advisor to the Trust. XAI is a Chicago-based company founded by XMS Capital Partners in April 2016. In addition to investment advisory services, the company also provides investment fund structuring and advisory services focused on registered closed-end funds for meet the needs of institutional clients. XAI provides personalized product creation and advisory services, including market development and research, sales, marketing, fund management and administration. XAI believes that the investing public can benefit from new vehicles to access a wide range of alternative investment strategies and managers. XAI offers individual investors access to alternative institutional-caliber 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 that provides mergers and acquisitions, business advisory and asset management services to its 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”) acts as investment sub-advisor to the Trust. Octagon is a 25+ year-old corporate credit investment advisor, $ 27.6 billion below investment grade, focused on investments in leveraged loans, high yield bonds and credits structured (debt and CLO shares). Through fundamental credit analysis and active portfolio management, Octagon’s investment team identifies attractive relative value opportunities in lower quality asset classes, sectors and issuers. Octagon’s investment philosophy and methodology encourage and rely on dynamic internal communication to manage portfolio risk. Throughout its history, the company has applied a disciplined, repeatable and scalable approach in its efforts 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 particular tax situation. Income may be subject to state and local taxes, as well as alternative federal minimum tax.
Investors should carefully consider the investment objectives and policies, risk considerations, fees and expenses of the Trust before investing. For more information on the Trust, please visit the Trust’s webpage at www.xainvestments.com.
This press release does not constitute an offer to sell or a solicitation to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer or solicitation or sale would be illegal prior to registration. or qualification under the laws of such state or jurisdiction.
NOT FDIC INSURED
NO BANK GUARANTEE
MAY LOSE VALUE