STOCK TITAN

XAI Octagon Floating Rate & Alternative Income Trust - $XFLT STOCK NEWS

Welcome to our dedicated page for XAI Octagon Floating Rate & Alternative Income Trust news (Ticker: $XFLT), a resource for investors and traders seeking the latest updates and insights on XAI Octagon Floating Rate & Alternative Income Trust stock.

XAI Octagon Floating Rate & Alternative Income Trust (XFLT) is a diversified, closed-end management investment company that focuses on providing investors with access to a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within private markets. The Trust aims to deliver an attractive total return with a strong emphasis on income generation across various stages of the credit cycle.

Founded by XA Investments LLC (XAI), a Chicago-based firm established in April 2016, XFLT benefits from the extensive expertise of XAI’s leadership team and its strategic partnerships with elite alternative asset managers. These partnerships include top-tier hedge fund managers, private debt and equity firms, and alternative credit managers, ensuring that XFLT leverages institutional-caliber investment strategies.

XAI’s unique approach, embodied in its proprietary Alternative Registered Trust (ART)™ platform, tailors its alternative investment offerings to meet the specific needs of financial advisors and their clients. This differentiated approach provides better access to a broader range of alternative investment options, underscoring XAI’s commitment to innovation and investor-centric solutions.

XA Investments, the driving force behind XFLT, was founded by XMS Capital Partners, LLC (XMS) in 2006. XMS is a global, independent financial services firm renowned for its M&A, corporate advisory, and asset management services. With a focus on building trusted relationships, XMS has successfully served a diverse clientele, solidifying its reputation in the financial services industry.

Recent achievements for XFLT include its strategic positioning to navigate the complexities of the credit cycle, continually optimizing its portfolio to enhance income generation. The Trust remains committed to providing its investors with sustainable returns by adapting to market trends and leveraging the expertise of its distinguished partners.

For the latest updates and news on XAI Octagon Floating Rate & Alternative Income Trust (XFLT), visit our news section which is regularly updated with relevant information about company performance, key events, and significant developments.

Rhea-AI Summary

XA Investments (XAI) has appointed Kevin Davis, CFP®, as Managing Director and Head of Sales & Distribution. Davis brings over 25 years of experience in alternative investment management, focusing on distribution. He previously held senior roles at BNY Mellon, Fidelity, Salient Partners, and Sun Life. At XAI, Davis will lead the distribution of the Octagon XAI CLO Income Fund (OCTIX) and future funds. XAI's closed-end fund, XAI Octagon Floating Rate & Alternative Trust (XFLT), had $679M in assets as of May 31, 2024. Davis' appointment aims to capitalize on rising demand for interval funds.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) has announced a Purchase Agreement with institutional investors for the sale of 1,800,000 shares of its 6.95% Series II 2029 Convertible Preferred Shares. These shares, due December 2029, have a liquidation preference of $25 per share and will bring in approximately $41.85 million in net proceeds. The shares will pay a quarterly dividend at an annual rate of 6.95% and can be converted into common shares six months after issuance. The convertible preferred shares must be redeemed by December 31, 2029, at their liquidation preference plus unpaid dividends. The shares won't be listed on any exchange and are non-transferable without the Trust's consent.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.28%
Tags
private placement
-
Rhea-AI Summary

XAI Octagon Floating Rate & Alternative Income Trust (XFLT) has announced its monthly distribution of $0.085 per common share, maintaining the same amount as the previous month. The distribution is payable on July 1, 2024, to shareholders recorded as of June 17, 2024. The Trust's distributions can include net investment income, capital gains, and return of capital. The specifics of the distribution's tax characteristics will be detailed in Form 1099 at the end of 2024. XFLT ensures stable monthly distributions despite potential variations in net investment income and capital gains. The Trust aims to achieve attractive total returns through investments in floating rate credit instruments and private credit markets. Future distributions depend on several factors including financial performance and compliance with senior securities' terms.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.14%
Tags
none
Rhea-AI Summary

XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) announced that it will host its Q1 2024 Quarterly Webinar on May 30, 2024, at 11:00 am ET. The event will be moderated by Kimberly Flynn, President at XA Investments, with participation from Steven Perry, Vice President at XAI, and Lauren Law, Senior Portfolio Manager at Octagon Credit Investors. The Trust focuses on generating attractive total returns with an emphasis on income through investments in private credit markets, primarily in floating rate credit instruments. The Trust trades on the NYSE under the symbol XFLT, and its 6.50% Series 2026 Term Preferred Shares trade under XFLTPRA.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

XAI Octagon Floating Rate & Alternative Income Trust has declared a monthly distribution of $0.085 per share for its common shares (NYSE: XFLT). The distribution is payable on June 3, 2024, with a record date of May 16, 2024. The amount remains unchanged from the previous month. Common share distributions may come from various sources, and shareholders should be aware of the tax implications. The Trust's investments in CLOs are subject to complex tax rules. The Trust's objective is to achieve attractive total return with a focus on income generation.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.28%
Tags
none
-
Rhea-AI Summary
XAI Investments promotes Kimberly Flynn to President, focusing on growing XAI's presence in the interval fund marketplace. Ms. Flynn brings over 20 years of experience in investment product strategy and development, expanding XAI's consulting practice and research business. XAI recently launched a subscription-based research portal and a new interval fund, OCTIX, sub-advised by Octagon Credit Investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
Tags
none
Rhea-AI Summary
XAI Octagon Floating Rate & Alternative Income Trust (XFLT) has declared its regular monthly distribution of $0.085 per share and preferred dividends of $0.40625 per share for the quarter. The Trust's investments in CLOs are subject to complex tax rules, and its final taxable income will be determined upon filing tax returns. The Trust aims for stable monthly distributions over time by investing in floating rate credit instruments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.14%
Tags
dividends
-
Rhea-AI Summary
XAI Octagon Floating Rate & Alternative Income Trust (XFLT) has declared a monthly distribution of $0.085 per share for April 2024, with no change from the previous month. The distribution will be paid on April 1, 2024, to shareholders of record as of March 15, 2024. Shareholders should note that distributions may come from various sources, and tax characteristics will be reported on Form 1099. The Trust's investments in CLOs are subject to complex tax rules, and taxable income may differ from GAAP income. The Trust aims to provide stable monthly distributions over time, but final taxable income is determined after filing tax returns. Shareholders should be aware of the potential for return of capital in distributions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
Tags
none
-
Rhea-AI Summary
XAI Octagon Floating Rate & Alternative Income Trust (XFLT) announces Quarterly Webinar with investment objectives focused on income generation and total return.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.53%
Tags
Rhea-AI Summary
XAI Octagon Floating Rate & Alternative Income Trust (XFLT) has entered into a Purchase Agreement with institutional investors to sell 3,546,854 Common Shares at a price of $7.0485 per Common Share. The offering is expected to close soon, with the Trust aiming to seek attractive total return with an emphasis on income generation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.24%
Tags
none

FAQ

What is XAI Octagon Floating Rate & Alternative Income Trust (XFLT)?

XFLT is a diversified, closed-end management investment company focused on floating-rate credit instruments and structured credit investments within private markets.

What is the main investment objective of XFLT?

The main investment objective of XFLT is to seek an attractive total return with an emphasis on income generation across various stages of the credit cycle.

Who manages XFLT?

XFLT is managed by XA Investments LLC (XAI), a Chicago-based firm founded in April 2016, known for its expertise in alternative investment strategies.

What is the ART™ platform?

The ART™ platform is XA Investments' proprietary approach to offering institutional-caliber alternative investments tailored to meet the needs of financial advisors and their clients.

Who are the partners of XAI?

XAI partners with established alternative asset managers including elite alternative credit managers, hedge fund managers, and private debt and equity firms.

What kind of investments does XFLT focus on?

XFLT primarily invests in floating-rate credit instruments and other structured credit investments within private markets.

How does XFLT generate income?

XFLT generates income through a dynamically managed portfolio that seeks to optimize returns across multiple stages of the credit cycle.

What kind of firm is XMS Capital Partners, LLC?

XMS Capital Partners, LLC is a global, independent financial services firm providing M&A, corporate advisory, and asset management services, and is the founder of XA Investments LLC.

How can I stay updated on XFLT's performance and news?

For the latest updates and news about XFLT, visit our news section which features regular updates on company performance, key events, and significant developments.

XAI Octagon Floating Rate & Alternative Income Trust

NYSE:XFLT

XFLT Rankings

XFLT Stock Data

388.84M
58.38M
3.07%
6.3%
0.17%
Link
United States of America
Chicago