Business Expansion - Oaktree Capital Management hired Roger Zhang to lead a new private debt strategy in Asia Pacific [1] - The new strategy will focus on performing credit in the Asia Pacific region [1]

Core Viewpoint - XAI Octagon Floating Rate & Alternative Income Trust has declared a regular monthly distribution of $0.070 per share, with no change from the previous month, payable on October 1, 2025, to shareholders of record as of September 16, 2025 [1] Distribution Details - The distribution amount is $0.070 per common share, with the ex-dividend date and record date both set for September 16, 2025, and the payable date on October 1, 2025 [1] - The Trust's distributions may come from net investment income, capital gains, or a return of capital, and specific tax characteristics will be reported to shareholders on Form 1099 after the end of the calendar year [1][4] Investment Strategy - The Trust aims to achieve attractive total returns with a focus on income generation by investing in a dynamically managed portfolio primarily within private credit markets, targeting at least 80% of its Managed Assets in floating rate credit instruments and structured credit investments [8] Tax Considerations - As a registered investment company, the Trust is subject to a 4% excise tax if it does not distribute at least 98% of its ordinary income and 98.2% of its capital gains by the end of the calendar year [3] - The Trust's net investment income and capital gains can vary significantly, and the final taxable income for the current fiscal year will not be known until tax returns are filed [2] Future Distributions - Future distributions will depend on various factors, including compliance with financial covenants, net investment income, and available cash, with no assurance that future distributions will match current levels [6][7]

Group 1 - The Conservative Income Portfolio targets value stocks with high margins of safety and uses well-priced options to reduce volatility [1] - The Enhanced Equity Income Solutions Portfolio aims to generate yields of 7-9% while minimizing volatility [1] - The Covered Calls Portfolio focuses on lower volatility income investing with an emphasis on capital preservation [1][2] Group 2 - Trapping Value is a team of analysts with over 40 years of combined experience in generating options income and capital preservation [2] - The investing group operates in partnership with Preferred Stock Trader and features two income-generating portfolios along with a bond ladder [2]

Core Points - Oxford Lane Capital Corp. announced a 1-for-5 reverse stock split effective September 5, 2025, with trading on a split-adjusted basis starting September 8, 2025 [1] - The reverse stock split will consolidate every five shares of common stock into one share, maintaining the par value at $0.01 per share [1] - The new CUSIP number for the common stock post-split will be 691543 847 [1] Monthly Distributions - Following the reverse stock split, monthly distributions will be adjusted as follows: - September 30, 2025: $0.45 per share [2] - October 31, 2025: $0.40 per share [2] - November 30, 2025: $0.40 per share [2] - December 31, 2025: $0.40 per share [2] - No fractional shares will be issued; shareholders entitled to fractional shares will receive cash payments instead [2] Shareholder Actions - Shareholders holding common stock in book-entry form or through a nominee do not need to take any action regarding the reverse stock split [3] - Shareholders of record will receive information from the transfer agent about their post-split ownership [3] - Stockholders with certificate shares will receive instructions on how to exchange their certificates for a statement of holding [3] Company Overview - Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company focused on investing in debt and equity tranches of collateralized loan obligation (CLO) vehicles [4]

Summary of Taaleri's Capital Markets Day - September 02, 2025 Company Overview - **Company Name**: Taaleri - **Established**: February 2007 - **Assets Under Management**: €2.7 billion - **Guarantee Insurance Portfolio**: €1.7 billion - **Employees**: Approximately 130 - **Revenue (LTM)**: €63.1 million - **Sustainability Focus**: 88% of products have sustainability objectives or promote sustainability characteristics [6][7][10] Strategic Objectives (2026-2028) - **Identity**: Taaleri positions itself as a front runner in investment and asset management, focusing on transformational opportunities in private capital [5][12] - **Purpose**: Leverage expertise and capital to power long-term returns for customers [5] - **Growth Areas**: - **Carantea**: Targeting over 10% growth in insurance service results, expanding distribution channels, and investigating growth opportunities in neighboring markets [22][24] - **Private Asset Management**: Plans to grow fund sizes within existing strategies and launch new product groups [26] - **Development Capital**: Aiming for returns on equity that exceed group-level targets [31] Market Trends - **Private Capital Market Growth**: Expected to grow at double-digit rates, with real estate growth forecasted to increase from 5% to 9%, infrastructure declining from 16% to 10%, and private equity remaining stable at 12% [18][19] - **Finnish Housing Market**: The housing market peaked in 2021 with €22.5 billion in new loans, but saw a decline of over 40% in the following year. However, a recovery is noted with a 18% increase in home transactions in the first half of 2025 [46][47] Business Segments - **Carantea**: Specializes in credit risk insurance, primarily for residential mortgages and corporate loans. The company has underwritten over 100,000 guarantees since 2005 [42][45] - **Insurance Revenue**: Maintained at €18.7 million despite market downturns, with a combined ratio of 34% indicating stable profitability [54][62] - **Investment Portfolio**: €158 million, with 75% in fixed income investments, reflecting a conservative risk approach [56] Key Priorities for Garantia 1. **Increase Market Share**: Focus on residential mortgage guarantees as a primary collateral option in Finland [59] 2. **Expand Distribution**: Building partnerships with new lenders and exploring opportunities in the Baltic States and Nordics [60] 3. **Capital Optimization**: Ensure optimal use of capital to maintain solvency and provide stable dividends [60] Financial Performance - **Insurance Revenue**: €19.5 million for the last twelve months, with operating profit at €18.2 million [62] - **Dividend Payments**: Taaleri has paid €93 million in dividends to its parent company since acquiring Garantia in 2015 [63] Additional Insights - **Regulatory Impact**: Changes in financial sector regulations may favor guarantees over physical collateral, providing a potential tailwind for growth [50][52] - **Consumer Confidence**: Remains below long-term averages, affecting housing market recovery and demand for guarantees [48] Conclusion Taaleri is strategically positioned to capitalize on growth opportunities in the private capital market and the housing sector, with a strong focus on sustainability and expertise in investment management. The company aims to enhance its market presence through strategic growth initiatives and partnerships while maintaining a conservative risk profile in its operations.

Taaleri's Strategy and Synergistic Businesses - Taaleri focuses on transformational opportunities in private capital and operates three synergistic businesses: Garantia, Private Asset Management, and Development Capital[13, 20] - Taaleri aims to capture Garantia's growth potential by increasing consumer awareness, seeking new lender partnerships, and investigating opportunities in neighboring markets[33, 37] - Taaleri plans to expand private asset management by growing fund sizes within existing strategies and expanding to new product groups[34, 38] - Taaleri targets attractive returns on development capital by combining active ownership and expertise, working with the best partners[35, 50] Market Trends and Opportunities - The private capital market is expected to grow by 10% per annum on average in Europe[25] - Taaleri SolarWind III is the largest infrastructure fund in Finland at €503 million[22] - The European and US onshore wind, photovoltaic solar, and battery storage markets are expected to grow by 513 GW by the end of 2028[125] Garantia's Performance and Strategy - Consumer guarantees represent 82% of Garantia's insurance exposure, while corporate guarantees account for 18%[75] - Garantia has distributed €93 million in dividends to Taaleri since its acquisition in 2015[105] - Garantia's strategic priorities include increasing the Residential Mortgage Guarantee market share and expanding distribution[97] Financial Targets and Performance - Taaleri's updated long-term financial targets for 2026–2028 include an average growth of 12% per annum in operating profit from continuing earnings[253] - Taaleri targets a Return on Equity (ROE) at fair value of over 15% and a dividend payout ratio of at least 50%[253] - Taaleri's average growth per annum achieved from 2023 to Q2/2025 was 105% and the weighted average ROE at fair value achieved during the same period was 134%[64]

Core Insights - BlackRock, Inc. has increased its stake in Freedom Holding Corp. to 0.85%, investing approximately $89 million, making it the second-largest shareholder after founder and CEO Timur Turlov [1][2] - BlackRock acquired an additional 443,965 shares, bringing its total holdings to 520,565 shares [2] - The presence of BlackRock and other institutional investors indicates the resilience and strategic potential of Freedom Holding in international markets [3] Company Overview - Freedom Holding Corp. operates in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia [4] - The company is developing a financial and digital ecosystem in Kazakhstan, which includes Freedom Bank, Freedom Broker, and various insurance companies [4] - Freedom Holding Corp. is listed on NASDAQ, Kazakhstan Stock Exchange (KASE), and Astana International Exchange (AIX) under the ticker symbol FRHC [4]

Core Insights - Three stocks are highlighted with strong momentum characteristics and a buy rank as of August 29th [1][2][3] Group 1: FVCBankcorp, Inc. (FVCB) - FVCBankcorp is a bank holding company for FVCbank with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings increased by 5.2% over the last 60 days [1] - FVCBankcorp's shares gained 16.2% over the last three months, outperforming the S&P 500's advance of 10.1% [1] - The company has a Momentum Score of A [1] Group 2: Oshkosh Corporation (OSK) - Oshkosh Corporation is a purpose-built vehicles and equipment company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings increased by 6.5% over the last 60 days [2] - Oshkosh's shares gained 44.3% over the last three months, significantly outperforming the S&P 500's advance of 10.1% [2] - The company has a Momentum Score of B [2] Group 3: T. Rowe Price Group, Inc. (TROW) - T. Rowe Price Group is an investment management company with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings increased by 10.3% over the last 60 days [3] - T. Rowe's shares gained 15.7% over the last three months, also outperforming the S&P 500's advance of 10.1% [3] - The company has a Momentum Score of B [3]

ETF Market Overview - ETF net inflows are topping $789 billion year-to-date, on pace for another trillion-dollar year [2] - ETFs are becoming the structure of choice due to liquidity, transparency, accessibility, and tax efficiency [3] - Investors are attracted to the ability to trade ETFs daily [3] Investment Strategies & Active Management - Active management is considered a valuable approach, especially for stocks with high multiples, to identify companies expected to perform well [6][8] - JP Morgan spends $1 billion on research analysts and technology, emphasizing the importance of active management [7] - Diversification is important, including both equities and fixed income [12] JP Morgan's ETF Products - JPM's largest actively managed ETF, Jepi (JPI), has approximately $41 billion in assets and provides income through an option overlay strategy [9] - Jepi's underlying portfolio has lower volatility than the S&P 500, around 60% of it [10] - Jeep Q is another large actively managed ETF with approximately $28-29 billion in assets, benchmarked against the NASDAQ, providing approximately 11-12% income [11] - JBond (JBND), an intermediate core bond fund, has seen about $2 billion in inflows this year and is an investment-grade portfolio [14] - JPST is another investment-grade portfolio option for diversifying from equities to fixed income [15] - JGrow (JGRO), a large-cap growth ETF, is considered a good way to play the current environment where a few names are driving performance [17] Market Factors & Fed Policy - The market is anticipating potential Fed rate cuts, with forward markets indicating cuts between 100 and 125 basis points over the next 12 months [13] - With potential rate cuts, investors may move from money market funds (currently at $7 trillion) into assets with longer duration to maintain yield [14]

Point72 has hired JPMorgan’s Shinji Ogawa as its new head of Japan, as competition for talent heats up in the booming market. https://t.co/1upLjhXfCZ ...