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

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect XAI Octagon Floating Rate & Alternative Income Term Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of XAI Octagon Floating Rate & Alternative Income Term Trust's position in the market.

News
Kimberly Flynn Promoted to President of XA Investments LLC
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%
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News
XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution and Quarterly Preferred Shares Dividend
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%
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dividends
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News
XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.085 per Share
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%
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News
XAI Octagon Floating Rate & Alternative Income Trust Will Host Q4 2023 Quarterly Webinar on February 29, 2024
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%
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earnings
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News
XAI Octagon Floating Rate & Alternative Income Trust Announces Registered Direct Placement of Common Shares
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%
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News
XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.085 per Share
Rhea-AI Summary
XAI Octagon Floating Rate & Alternative Income Trust (XFLT) has declared a regular monthly distribution of $0.085 per share, payable on March 1, 2024, with no change from the previous month's distribution. The Trust's common shares are traded on the New York Stock Exchange under the symbol 'XFLT'. 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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.24%
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News
XAI Octagon Floating Rate & Alternative Income Term Trust Announces Shareholder Approval of Important Proposals
Rhea-AI Summary
XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has announced the approval of two important proposals at the reconvened special meeting of shareholders. The first proposal eliminates the Trust's termination date, making it a perpetual closed-end fund. The second proposal allows Octagon Credit Investors to remain the Trust's sub-adviser upon the closing of Generali's acquisition of Octagon's parent company, Conning. The Term Amendment will be effective as of February 1, 2024, and the Trust will change its name to XAI Octagon Floating Rate & Alternative Trust. The New Octagon Agreement is anticipated to occur during the first half of 2024. The Trust's Board believes these approvals will benefit shareholders by allowing the Trust to maintain a fully invested portfolio, remain invested in the Trust without seeking a replacement investment, and benefit from potential growth and scale efficiencies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
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News
XAI Octagon Floating Rate & Alternative Income Term Trust Announces Portfolio Management Change
Rhea-AI Summary
XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has announced portfolio management changes, with Lauren Law, CFA, assuming the position of lead portfolio manager effective January 1, 2024. The Trust's investment objective is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle. The Trust's common shares are traded on the New York Stock Exchange under the symbol 'XFLT,' and the Trust’s 6.50% Series 2026 Term Preferred Shares are traded under the symbol 'XFLTPRA'.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
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News
XAI Octagon Floating Rate & Alternative Income Term Trust Declares its Monthly Common Shares Distribution and Quarterly Preferred Shares Dividend
Rhea-AI Summary
XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has declared a regular monthly distribution of $0.085 per share for common shares and $0.40625 per share for 6.50% Series 2026 Term Preferred Shares. The ex-dividend date for both is January 12, 2024, with payable dates in February 2024. Common share distributions may be paid from net investment income, capital gains, or a return of capital. The Trust's net investment income and capital gain can vary significantly over time, and as a registered investment company, it is subject to a 4% excise tax if it does not distribute to common shareholders. The Trust's investment objective is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
Tags
dividends
News
XAI Octagon Floating Rate & Alternative Income Term Trust Adjourns Special Meeting of Shareholders to Permit Further Solicitation of Proxies
Rhea-AI Summary
XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) announced the adjournment of its special meeting of shareholders to January 24, 2024, to allow more time for voting on proposals, including a new investment sub-advisory agreement and an amendment to become a perpetual fund.
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Rhea-AI Sentiment
End-of-Day
-0.28%
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Stock XFLT logo
XAI Octagon Floating Rate & Alternative Income Term Trust

NYSE:XFLT

XFLT Rankings

#3110 Ranked by Market Cap
#1326 Ranked by Stock Gains
#38 Ranked by Dividends

XFLT Stock Data

344.95M
3.07%
6.3%
0.17%
Link
US
Chicago

About XFLT

xa investments llc (“xai”) is a chicago-based firm founded by xms capital partners, llc, (“xms”) in april, 2016. the xai leadership team believes that investors need better access to a broader range of alternative investment strategies and managers. to provide investors with institutional-caliber investment expertise, xai partners with established alternative asset managers selected from elite alternative credit managers, hedge fund managers and private debt and equity firms. our proprietary alternative registered trust (art)™ platform represents a differentiated approach to alternatives investing by offering institutional-caliber alternatives in vehicles that are specifically tailored to meet the needs of financial advisors and their clients. xms, established in 2006, is a global, independent financial services firm providing m&a;, corporate advisory and asset management services to clients. the firm focuses on building trusted relationships with its clients, many of which have been w