Group 1 - The Financial Stability Board (FSB) has added Zurich Insurance, Swiss Re, and Swiss Life to its list of insurers required to prepare resolution plans in case of insolvency, increasing the total from 13 to 17 insurers [1] - The aim of these resolution plans is to better equip companies and regulators to manage potential emergencies or collapses, following the advocacy for such plans after the 2007-09 financial crisis [2] - The insurance sector initially opposed the move, arguing that the risk of contagion is lower for insurers compared to banks [3] Group 2 - The FSB set its work programme for 2026 during a plenary session in Saudi Arabia, ahead of the G20 leaders' meeting, with the US chairing the G20 next year [4] - The plenary reviewed recent regulatory changes in major economies and identified the rapid growth and complexity of private credit markets as a priority for 2025 [5] - Ongoing monitoring of crypto-assets and stablecoins was called for by the FSB, highlighting concerns regarding risks and regulatory challenges for multi-jurisdiction issuers [6]

The CNBC app, global market news in one place. Customizable sections and personalized alerts. Stocks tracking, interactive charts, and market insights, all in your hands.Stay connected, stay informed, download the CNBC app today. A very good morning to you. Welcome to Squawkbox Europe.I'm Juliana Tatbomb with Steve Cedric and Karen Cho. And these are your headlines on this Monday morning. and video results in a long delayed US jobs report set to dominate markets this week after the NASDAQ posted second cons ...

Financial Data and Key Metrics Changes - Net investment income per share was $0.42 for Q3 2025, up from $0.34 in Q2 2025, indicating a 23.5% increase [10] - Gross investment income totaled $15.1 million for Q3 2025, compared to $13.1 million in Q2 2025 [10] - Net assets reached $302.9 million at quarter end, with net asset value per share increasing to $13.27 from $13.23 in Q2 2025 [11] Business Line Data and Key Metrics Changes - The company funded $66.7 million to 13 new investments in Q3 2025, setting a new record for originations [4][12] - 24% of the portfolio is invested in non-cannabis companies across multiple sectors, with 69% of the portfolio having floating interest rates [9] - The gross weighted average yield on the credit investment portfolio was approximately 15.8% [10] Market Data and Key Metrics Changes - The company has approximately $610 million in potential debt transactions in its pipeline, with $415 million in cannabis opportunities and $195 million in non-cannabis investments [13] - As of November 12, 2025, the company had approximately $97.8 million in liquidity, providing ample capacity for further investments [10] Company Strategy and Development Direction - The company focuses on lending to cannabis companies and the lower-middle market, which is often underserved by capital providers, creating unique credit opportunities [4] - The investment strategy emphasizes no overlap with other public BDCs, allowing for a differentiated portfolio [6][14] - The company aims to maintain a high bar for underwriting and structuring investments to ensure above-market risk-adjusted returns [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the cannabis industry, noting that it is not a monolith and varies significantly across jurisdictions [19] - The closing of the hemp-related loophole is expected to support state-regulated markets and positively impact borrowers [23][24] - The company remains disciplined in its approach to lending, focusing on building strong relationships and maintaining a broad pipeline [20] Other Important Information - The company announced a $0.34 dividend, marking the fifth consecutive quarter at that rate, which is well covered by net investment income [8] - The portfolio is under-levered, with only $11 million of debt outstanding, compared to the BDC average of 1.2 times debt to equity [8] Q&A Session Summary Question: Were the loan repayments in line with expectations, and how does the company view the cannabis industry outlook? - Management noted that while there were more repayments than expected, it did not impact deployment pace due to a strong pipeline built over time [18] - The company maintains a constructive view of the cannabis industry, recognizing its complexity across different jurisdictions [19] Question: How does the company view the potential impact of the hemp derivatives industry on cannabis players? - Management believes that closing the hemp-related loophole will support state-regulated markets and benefit borrowers, despite some negative aspects [23][24] Question: What is the company's perspective on uncertain tax liabilities and their impact on borrowers? - The company views uncertain tax liabilities as a liability that must be paid and aims to limit such liabilities in loan documents to reduce risk [27] Question: How does the company manage the risks associated with lending to smaller private companies? - Management highlighted that lending to smaller companies allows for greater negotiation power and downside protection, balancing risk with strong portfolio monitoring [29]

YOU CHOOSE WRONGLY. ♪ SHERY: THIS IS "THE ASIA TRADE. " AVRIL: I AM THE MILKEN INSTITUTE ASIAN SUMMIT ON SINGAPORE. A SOFT OPEN FOR ASIA AFTER BULLISH TECH MOMENTUM SAVES WALL STREET FROM LOSSES. OPENAI'S SHARE SALE BLISTERING OPTIMISM ABOUT THE SECTOR. TESLA SHARES GREEN AS INVESTORS BET A RECORD QUARTER OF SALES WILL BE HARD TO REPEAT. AND CRUNCH TIME FOR JAPAN'S RULING PARTY WITH ITS LEADERSHIP VOTE AND LAST CHANCE TO AVOID DRIFTING FURTHER INTO POLITICAL PERIL. AND SOME GREAT GUESTS COMING UP AT THE MIL ...

CHICAGO, Oct. 01, 2025 (GLOBE NEWSWIRE) -- XAI Octagon Floating Rate & Alternative Income Trust (the “Trust”) has declared its regular monthly distribution of $0.070 per share of the Trust’s common shares (NYSE: XFLT). The Trust also declared preferred dividends for the quarter of $0.40625 per share of the Trust’s 6.50% Series 2026 Term Preferred Shares (NYSE: XFLTPRA). The following dates apply to each declaration: Share ClassEx-Dividend DateRecord DatePayable DateAmountChange from Previous DeclarationXFLT ...

Core Insights - Trinity Capital Inc. has increased its total commitments under its credit facility to $690 million, up from $600 million, by expanding the existing accordion feature by $90 million [1][2] - The credit facility is supported by a diversified syndicate of 13 banking partners, highlighting strong institutional confidence in the company [1][2] Company Overview - Trinity Capital Inc. is an international alternative asset manager focused on delivering consistent returns through private credit markets [2] - The company has deployed over $4.7 billion across more than 420 investments since its inception in 2008, indicating a robust investment track record [2] - Trinity Capital operates across five distinct lending verticals: Sponsor Finance, Equipment Finance, Tech Lending, Asset-Based Lending, and Life Sciences [2]

Core Insights - Trinity Capital Inc. has appointed Josh Mackey as the Director of Tech Lending, enhancing its capabilities in supporting innovative technology companies [1][2] - The company has a strong track record, having deployed over $4.7 billion across more than 420 investments since its inception in 2008 [2] Company Overview - Trinity Capital Inc. is an international alternative asset manager focused on delivering consistent returns through private credit markets [2] - The company operates across five distinct lending verticals: Sponsor Finance, Equipment Finance, Tech Lending, Asset-Based Lending, and Life Sciences [2] - Headquartered in Phoenix, Arizona, Trinity Capital has a dedicated team strategically located across the United States and Europe [2]