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

Retrieved on:

Monday, August 1, 2022

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 common share 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 common share distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period.

Fiddler Announces Giga-Scale Model Performance Management with Deeper Understanding of Unstructured Models and Fine Discoverability to Launch New AI Initiatives

Retrieved on:

Thursday, July 28, 2022

With these new features, the Fiddler MPM platform is delivering a deeper understanding of unstructured model behavior and performance, and enhanced scalability, discoverability of rare and nuanced model drifts, and ease of use.

Key Points:

With these new features, the Fiddler MPM platform is delivering a deeper understanding of unstructured model behavior and performance, and enhanced scalability, discoverability of rare and nuanced model drifts, and ease of use.
Such steps include reducing bias (74%), tracking performance variations and model drift (68%), and making sure they can explain AI-powered decisions (61%).
To learn more about Fiddler, visit: www.fiddler.ai
Fiddler is a pioneer in Model Performance Management for responsible AI.
Fortune 500 organizations use Fiddler across training and production models to accelerate AI time-to-value and scale, build trusted AI solutions, and increase revenue.

OMP Releases Version 7_01, Boosting Performance, Scalability, and Planning Intelligence

Retrieved on:

Thursday, July 7, 2022

GLOBE, Gartner, Human, UI, Azure, OMP, XAI, Video game console

ATLANTA, July 07, 2022 (GLOBE NEWSWIRE) -- With version 7_01, OMP releases the next generation of its leading digital supply chain planning software .

Key Points:

ATLANTA, July 07, 2022 (GLOBE NEWSWIRE) -- With version 7_01, OMP releases the next generation of its leading digital supply chain planning software .
This version also provides an even richer set of explainable AI engines that form an essential element in autonomous supply chain planning.
OMP helps companies facing complex planning challenges to excel, grow and thrive by offering the best-digitized supply chain planning solution on the market.
It handles all supply chain planning challenges in a unified way, synchronizing all planning stages, horizons, functions, and roles.

XAI Octagon Floating Rate & Alternative Income Term Trust Declares its Monthly Common Shares Distribution and Quarterly Preferred Shares Dividend

Retrieved on:

Friday, July 1, 2022

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 common share 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 common share 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 Closes Private Placement of Convertible Preferred Shares and Registered Direct Placement of Common Shares

Retrieved on:

Friday, July 1, 2022

Professional Services, Finance, Trust, Income, Marketing, CLO, History, Philosophy, LLC, Investment, Octagon, Communication, NYSE, SEC, XMS Capital Partners, Nature, Forward-looking statement, XAI, Security (finance)

In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds to meet institutional client needs.

Key Points:

In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds to meet institutional client needs.
XAI offers custom product build and consulting services, including development and market research, sales, marketing, fund management and administration.
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 Announces Private Placement of Convertible Preferred Shares and Registered Direct Placement of Common Shares

Retrieved on:

Wednesday, June 29, 2022

The Trust expects to receive net proceeds (before expenses) from the sale of the Convertible Preferred Shares of approximately $9.3 million.

Key Points:

The Trust expects to receive net proceeds (before expenses) from the sale of the Convertible Preferred Shares of approximately $9.3 million.
The Convertible Preferred Shares will not be listed on any exchange and may not be transferred without the consent of the Trust.
The Convertible Preferred Shares were offered directly to the purchasers without a placement agent, underwriter, broker or dealer.
The Trust has agreed to sell 1,450,000 Common Shares at a price of $6.90 per Common Share.

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

Retrieved on:

Wednesday, June 1, 2022

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 common share 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 common share 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 Will Host Q1 2022 Quarterly Webinar on May 26, 2022

Retrieved on:

Thursday, May 5, 2022

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) (the Trust) today announced that it plans to host the Trusts Quarterly Webinar on May 26, 2022 at 11:00 am (Eastern Time).

Key Points:

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) (the Trust) today announced that it plans to host the Trusts Quarterly Webinar on May 26, 2022 at 11:00 am (Eastern Time).
Robert Chenoweth, Vice President at XA Investments (XAI) will moderate the Q&A style webinar with Kimberly Flynn, Managing Director at XAI, and Gretchen Lam, Senior Portfolio Manager at Octagon Credit Investors.
The investment objective of the Trust is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle.
Under normal market conditions, the Trust will invest at least 80% of its Managed Assets in floating rate credit instruments and other structured credit investments.

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

Retrieved on:

Monday, May 2, 2022

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 common share 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 common share distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period.

AI in BFSI Market to hit US$ 140 billion by 2028, Says Global Market Insights Inc.

Retrieved on:

Monday, April 11, 2022

SELBYVILLE, Del., April 11, 2022 /PRNewswire/ -- The AI in BFSI Market is expected to surpass USD 140 billion by 2028, as reported in a research study by Global Market Insights Inc. The market growth can be attributed to the emergence of fintech technology and innovations in banking processes along with digitization.

Key Points:

The customer service segment is projected to hold a market share of above 40% in the global AI in BFSI market by 2028.
North America is anticipated to hold a substantial revenue share in the AI in BFSI market by 2028.
The major players operating in the AI in BFSI market are Amazon Web Services, Google LLC, Intel Corporation, Microsoft Corporation, and Oracle Corporation, among others.
The companies operating in the market are focusing on the development of innovative AI-based solutions such as explainable AI (XAI) models and platforms.