XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE:XFLT) Q2 2023 Earnings Conference Call August 22, 2023 11:00 AM ET
Company Participants
Kimberly Flynn - Managing Director
Gretchen Lam - Senior Portfolio Manager, Octagon Credit Investors
Steven Perry - Vice President XA Investments LLC
Conference Call Participants
Kimberly Flynn
[Abrupt Start]… which is XAI Octagon Floating Rate & Alternative Income Term Trust. We're going to discuss today results for the quarter. We're pleased to have you with us. We've got some new material to share with you all today. We're going to start the presentation with some general disclosures. The presentation is intended for educational purposes and is not meant to recommend an individual security investments discussed may or may not be suitable for the audience today. Neither XAI or Octagon is acting as an adviser to the audience members and audience members should consult their own investment adviser or prime to make prior to making any investment decisions.
The information presented here does reflect proprietary research, and the materials include forward-looking statements. And so investors should not place undue reliance upon those forward-looking statements. We're pleased to be with you. We really welcome your questions. We'll take questions from the audience, and we can answer them as we go. We'll also put live questions to Gretchen and to Stephen. So please use the Q&A box at the bottom of your screen, typing your question. And just in case something occurs to you later, we're always available. Please contact us at xainvestments.com, our 800 number is located there, and we look forward to speaking with you.
Today, I'm joined -- my name is Kimberly Flynn and I'm joined by my colleague, Steven Perry, who runs product management for XFLT. And we also have with Gretchen Lam, who is the Portfolio Manager for XFLT. Gretchen serves on the Investment Committee at Octagon and she also serves as Portfolio Manager for a number of CLOs, separate accounts and co-mingled funds.
So it's a pleasure once again to be back in front of you. I'm going to put questions to Stephen and Gretchen in a moment. We're going to cover some introductory materials from those that are new to the webinar, if you're new to the fund, you may not be as familiar with Octagon Credit. Octagon, they are credit experts focusing on below investment-grade credit since 1994. They have $34.7 billion in assets under management as of the end of June this year. The firm does use a disciplined process in terms of their evaluation of credit. They have a very cohesive cycle-tested investment team, and they have a track record going back more than 25 years. And they're known in the marketplace for their investment expertise in loans and CLOs. At XFLT, which is obviously traded on the New York Stock Exchange with Octagon's first strategy to be made publicly available. So, that's a little bit of background on Octagon.