Earnings Call Summary | XAI Octagon FR & Alt Income Term Trust(XFLT.US) Q4 2023 Earnings Conference
Earnings Call Summary | XAI Octagon FR & Alt Income Term Trust(XFLT.US) Q4 2023 Earnings Conference
The following is a summary of the XAI Octagon Floating Rate & Alternative Income Trust (XFLT) Q4 2023 Earnings Call Transcript:
以下是XAI八角浮动利率和另类收益信托基金（XFLT）2023年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Octagon Credit Investors manages assets worth $34.6 billion at the end of 2023, growing to nearly $600 million in total managed assets by Feb 2023.
XAI raised $25 million in common assets through a private placement.
XFLT's distributions for the fiscal year were fully sourced from net investment income, without any return of capital.
The Trust achieved net investment income of $0.27 per share, surpassing the distributed amount of $0.255 per share in Q4 2023.
Almost 2.3 million shares were issued yielding net proceeds of approximately $15.7 million.
Noted high average current yield percentages on market price across CLO debt, loans, and bonds.
Quarter end net asset value rises from the previous term to hit $6.88 per share, with a current premium of 2.9% and average premium since inception at 3.42%.
截至2023年底，八角信贷投资者管理的资产价值346亿美元，到2023年2月，管理资产总额增长到近6亿美元。
XAI通过私募筹集了2500万美元的普通资产。
XFLT在本财年的分配完全来自净投资收益，没有任何资本回报。
该信托实现了每股0.27美元的净投资收益，超过了2023年第四季度每股0.255美元的分配额。
发行了近230万股股票，净收益约为1,570万美元。
注意到CLO债务、贷款和债券的当前平均市价收益率很高。
季度末净资产价值较上一学期上升至每股6.88美元，目前溢价为2.9％，自成立以来的平均溢价为3.42％。
Business Progress:
业务进展：
XFLT tranche of convertible preferreds secured to maximize income.
New appointment with Bill Meyers added to the Board of Trustees.
Generali Group's planned acquisition of Octagon gains shareholder approval.
Envisaged growth in fund scale to better manage fixed expenses to benefit shareholders in future.
Strong market performance in loan and CLO tranche markets in 2023 recorded alongside positive loan borrower performance.
Despite an expected rise in credit losses, the Trust is well-positioned due to profits from high levels of CLO market activity.
Firm commitment to active investment management noted as a key strategy in the prospective performance of the Trust.
XFLT部分可转换优先股担保，以实现收入最大化。
与比尔·迈耶斯的新任命已加入董事会。
忠利集团收购Octagon的计划获得了股东的批准。
预计基金规模将增长，以更好地管理固定支出，使未来股东受益。
2023年贷款和CLO批次市场的强劲市场表现强劲，贷款借款人表现良好。
尽管预计信贷损失将增加，但由于CLO市场活动的高水平获利，该信托基金处于有利地位。
对积极投资管理的坚定承诺被视为信托预期业绩的关键策略。
More details: XAI Octagon FR & Alt Income Term Trust IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多详情，请访问投资者关系网站。本文仅供投资者参考，不构成任何投资建议。
译文内容由第三方软件翻译。