XMS Capital Partners

XAI Octagon Floating Rate & Alternative Income Term Trust Commences Public Offering of Preferred Shares

Retrieved on: 
Tuesday, March 23, 2021
Other Professional Services, Professional services, Finance, Financial markets, Finance, Ladenburg Thalmann, Incapital, Security, Prospectus, XA Investments, XMS Capital Partners, Octagon Credit Investors

Ladenburg Thalmann & Co. Inc., B. Riley Securities, Inc., National Securities Corporation and Incapital LLC are acting as joint book-running managers for the offering.

Key Points: 
  • Ladenburg Thalmann & Co. Inc., B. Riley Securities, Inc., National Securities Corporation and Incapital LLC are acting as joint book-running managers for the offering.
  • The offering of Preferred Shares may be made only by means of a prospectus.
  • XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers.
  • The Trust, XAI and Octagon do not provide tax advice; consult a professional tax advisor regarding your specific tax situation.

Argo Blockchain Purchases Land in Texas with Access to Power Generation Rights

Retrieved on: 
Monday, March 8, 2021
Professional services, Utilities, Technology, Other Technology, Alternative energy, Energy, Finance, Articles, Technology, Science and technology, Argo, Fisheries science, Oceanography, Physical oceanography, XMS Capital Partners, XMS, Blockchain

The Company has now completed the acquisition of DPN LLC and as a result, has acquired the land.

Key Points: 
  • The Company has now completed the acquisition of DPN LLC and as a result, has acquired the land.
  • The acquisition of DPN LLC (by way of a merger with a wholly owned subsidiary of Argo) gives Argo access to up to 800-megawatts of electrical power, where Argo intends to build a new 200mw mining facility over the next 12 months.
  • Peter Wall, Chief Executive of Argo Blockchain, said: Argos purchase of land in Texas represents a significant milestone for the Company and is a cause for celebration.
  • XMS Capital Partners, LLC acted as a financial advisor to Argo Blockchain in connection with the transaction.

XAI Octagon Floating Rate & Alternative Income Term Trust Closes Public Offering of Common Shares

Retrieved on: 
Monday, March 1, 2021
Professional services, Finance, Common law, Equity, Inheritance, Trust law, XA Investments, XMS Capital Partners, Octagon Credit Investors

XAI Octagon Floating Rate & Alternative Income Term Trust (the Trust) (NYSE: XFLT), a diversified, closed-end management investment company with an investment objective to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle, has closed its previously announced underwritten public offering of 2,900,250 common shares of beneficial interest (Common Shares) at an offering price of $8.62 per Common Share.

Key Points: 
  • XAI Octagon Floating Rate & Alternative Income Term Trust (the Trust) (NYSE: XFLT), a diversified, closed-end management investment company with an investment objective to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle, has closed its previously announced underwritten public offering of 2,900,250 common shares of beneficial interest (Common Shares) at an offering price of $8.62 per Common Share.
  • The Trust intends to invest the net proceeds from the offering in accordance with its investment objective and policies.
  • XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers.
  • The Trust, XAI and Octagon do not provide tax advice; consult a professional tax advisor regarding your specific tax situation.

XAI Octagon Floating Rate & Alternative Income Term Trust Declares its Monthly Distribution of $0.073 per Share

Retrieved on: 
Monday, March 1, 2021
Professional services, Finance, Economy, Money, Finance, Financial ratios, Taxation in Canada, Common law, Equity, Inheritance, Trust law, Rate of return, Income trust, Income tax in the United States, XA Investments, XMS Capital Partners, Octagon Credit Investors

Shareholders should not assume that the source of a distribution from the Trust is net income or profit.

Key Points: 
  • Shareholders should not assume that the source of a distribution from the Trust is net income or profit.
  • The Trusts net investment income and capital gain can vary significantly over time, however, the Trust seeks to maintain more stable monthly distributions over time.
  • The Trusts final taxable income for the current fiscal year will not be known until the Trusts tax returns are filed.
  • The distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period.

XAI Octagon Floating Rate & Alternative Income Term Trust Prices Public Offering of Common Shares

Retrieved on: 
Thursday, February 25, 2021
Professional services, Finance, Stock market, Finance, Common law, Equity, Inheritance, Trust law, Share, Money, Law, XA Investments, XMS Capital Partners, Octagon Credit Investors

The Trust agreed to sell 2,900,250 Common Shares at a price to the public of $8.62 per Common Share.

Key Points: 
  • The Trust agreed to sell 2,900,250 Common Shares at a price to the public of $8.62 per Common Share.
  • In addition, the Trust has granted the underwriters a 30-day option to purchase up to 435,038 additional Common Shares to cover over-allotments, if any.
  • The Trust intends to invest the net proceeds from the offering in accordance with its investment objective and policies.
  • The Trust, XAI and Octagon do not provide tax advice; consult a professional tax advisor regarding your specific tax situation.

XAI Octagon Floating Rate & Alternative Income Term Trust Commences Public Offering of Common Shares

Retrieved on: 
Wednesday, February 24, 2021
Consulting, Banking, Professional services, Finance, Common law, Equity, Inheritance, Trust law, XA Investments, XMS Capital Partners, Octagon Credit Investors

The Trust intends to invest the net proceeds from the offering in accordance with its investment objective and policies.

Key Points: 
  • The Trust intends to invest the net proceeds from the offering in accordance with its investment objective and policies.
  • The offering of Common Shares may be made only by means of a prospectus.
  • XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers.
  • The Trust, XAI and Octagon do not provide tax advice; consult a professional tax advisor regarding your specific tax situation.

Global cryptocurrency miner Argo Blockchain enters into LOI to Build 200 MW Mining Facility in Texas

Retrieved on: 
Wednesday, February 10, 2021
Professional services, Data management, Utilities, Technology, Other Technology, Energy, Finance, Articles, Decentralization, Cryptocurrencies, Technology, Science and technology, Bitcoin, Blockchain, XMS Capital Partners

We are incredibly excited about this agreement, said Argo Blockchain CEO Peter Wall.

Key Points: 
  • We are incredibly excited about this agreement, said Argo Blockchain CEO Peter Wall.
  • It gives Argo tremendous control over our mining operations, as well as significant capacity for expansion.
  • XMS Capital Partners LLC acted as a financial advisor to Argo Blockchain in connection with the transaction.
  • Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy.

XAI Octagon Floating Rate & Alternative Income Term Trust Declares its Monthly Distribution of $0.073 per Share

Retrieved on: 
Monday, February 1, 2021
Banking, Professional services, Finance, Economy, Money, Finance, Financial ratios, Taxation in Canada, Common law, Equity, Inheritance, Trust law, Rate of return, Income trust, Income tax in the United States, XA Investments, XMS Capital Partners, Octagon Credit Investors

Shareholders should not assume that the source of a distribution from the Trust is net income or profit.

Key Points: 
  • Shareholders should not assume that the source of a distribution from the Trust is net income or profit.
  • The Trusts net investment income and capital gain can vary significantly over time, however, the Trust seeks to maintain more stable monthly distributions over time.
  • The Trusts final taxable income for the current fiscal year will not be known until the Trusts tax returns are filed.
  • The distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period.

Imperial Capital Expands its Security & Defense Practice; Brian Ruttenbur joins Imperial Capital, LLC as Managing Director in Investment Banking

Retrieved on: 
Monday, January 25, 2021
Financial services, Banking, Finance, Investment banking, Primary dealers, XMS Capital Partners

LOS ANGELES, Jan. 25, 2021 /PRNewswire/ -- Imperial Capital, LLC ("Imperial") is pleased to announce that Brian Ruttenbur has joined the firm as a Managing Director focused on transactions in Defense, Government Services and Cyber Security.in the Investment Banking Group.

Key Points: 
  • LOS ANGELES, Jan. 25, 2021 /PRNewswire/ -- Imperial Capital, LLC ("Imperial") is pleased to announce that Brian Ruttenbur has joined the firm as a Managing Director focused on transactions in Defense, Government Services and Cyber Security.in the Investment Banking Group.
  • Mr. Ruttenbur, a highly regarded thought leader in the Defense and Security verticals comes with over 25 years of industry experience in investment banking and equity research.
  • He was most recently a Director, Investment Banking at Drexel Hamilton where he successfully executed numerous transactions in both Defense and Cybersecurity.
  • Imperial Capital, LLC is a full-service investment bank offering a uniquely integrated platform of comprehensive services to institutional investors and middle market companies.

William Meyers to Advise XA Investments on Closed-End Fund Product Management

Retrieved on: 
Thursday, January 7, 2021
Professional services, Finance, Finance, Nuveen, TIAA, Adviser, Cluster of Excellence Frankfurt Macromolecular Complexes, Closed-end fund, Money, Economy, XMS Capital Partners, XA Investments, XMS Capital Partners

XA Investments LLC (XAI), a Chicago-based alternative investment management and consulting firm, has welcomed William Meyers as a Senior Advisor.

Key Points: 
  • XA Investments LLC (XAI), a Chicago-based alternative investment management and consulting firm, has welcomed William Meyers as a Senior Advisor.
  • After an extensive and successful career at Nuveen Investments, Bill will advise XAI on closed-end fund (CEF) product management and syndication matters.
  • He brings unique expertise and perspectives in CEF product management and CEF leverage management to our firm.
  • I look forward to exploring new registered product structures with Kim and the XA Investments team.