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八角浮動利率和另類收益信託基金（XFLT）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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，八角信貸投資者管理的資產價值346億美元，到2023年2月，管理資產總額增長到近6億美元。
XAI通過私募籌集了2500萬美元的普通資產。
XFLT在本財年的分配完全來自淨投資收益，沒有任何資本回報。
該信託實現了每股0.27美元的淨投資收益，超過了2023年第四季度每股0.255美元的分配額。
發行了近230萬股股票，淨收益約爲1,570萬美元。
注意到CLO債務、貸款和債券的當前平均市價收益率很高。
季度末淨資產價值較上一學期上升至每股6.88美元，目前溢價爲2.9％，自成立以來的平均溢價爲3.42％。
Business Progress:
業務進展：
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部分可轉換優先股擔保，以實現收入最大化。
與比爾·邁耶斯的新任命已加入董事會。
忠利集團收購Octagon的計劃獲得了股東的批准。
預計基金規模將增長，以更好地管理固定支出，使未來股東受益。
2023年貸款和CLO批次市場的強勁市場表現強勁，貸款借款人表現良好。
儘管預計信貸損失將增加，但由於CLO市場活動的高水平獲利，該信託基金處於有利地位。
對積極投資管理的堅定承諾被視爲信託預期業績的關鍵策略。
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：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。