XAI Octagon Floating Rate & Alternative Income Tr (XFLT) Discusses Trust Developments, CLO and Loan Market Conditions, and Reverse Stock Split Transcript

XAI Octagon Floating Rate & Alternative Income Tr (XFLT) Discusses Trust Developments, CLO and Loan Market Conditions, and Reverse Stock Split April 14, 2026 11:00 AM EDT

Company Participants

Kevin Davis

Kimberly Flynn - Partner & President

Lauren Law

Presentation

Kevin Davis

Good morning. Welcome to the XFLT webinar update. Thank you so much for joining us today. We thought it would be helpful to host a call outside of our normally scheduled quarterly call cadence in order to provide you with some updates. We have a number of topics to address. But before we do, I do have a few housekeeping items we need to cover.

Let me first begin with some introductions. I'm Kevin Davis with XA Investments. I head up Sales and Distribution for the firm. I'm happy to be joined today by Lauren Law from Octagon Credit, who is the Senior Portfolio Manager. She joined the firm in 2004 and oversees Octagon structured credit investment strategies. She'll be covering the current state of spreads within CLOs and the broader market -- the broader loan market as well. And she'll also touch on the impact that we've seen from the software disruption.

We're also joined by my colleague, Kim Flynn, who's the President of XA Investments. Kim will be walking us through new developments in the space, the recent reverse stock split announcement and the historical premium discount that we've seen over time with the fund.

Before we get into the presentation, we do have a few important disclosures that we want to address. We will be talking about performance throughout the presentation. Certainly, past performance does not guarantee future results and current performance may be higher or lower than the performance that quoted. We will also be discussing market outlook, and the materials do contain forward-looking statements. Investors should not place undue reliance on