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 reports closed-end fund developments tied to its income-oriented portfolio of floating-rate credit instruments and structured credit investments. News for XFLT commonly covers monthly common-share distributions, NAV and market-based distribution context, shareholder communications such as quarterly webinars, and capital-structure actions involving preferred leverage and common shares. The Trust's updates also reference XA Investments as investment adviser and the fund platform supporting registered closed-end funds.
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE:XFLT) has announced a monthly distribution of $0.073 per common share, payable on December 1, 2022, with an ex-dividend date of November 14, 2022. This distribution amount remains unchanged from the previous month. The Trust aims to provide stable distributions over time, although future payouts will depend on various factors including net investment income and compliance with financial covenants. Shareholders should note that distributions might include return of capital.
XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has announced a monthly distribution of $0.073 per common share and $0.40625 per share for its 6.50% Series 2026 Term Preferred Shares (XFLTPRA). Important dates include the ex-dividend date of October 14, 2022, record date of October 17, 2022, and payable date of November 1, 2022 for common shares.
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XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has declared a monthly distribution of $0.073 per share, payable on October 3, 2022 to shareholders of record as of September 16, 2022. This amount remains unchanged from last month. The Trust aims to provide stable distributions from net investment income and may include capital gains or return of capital. Shareholders are advised to consult tax professionals regarding the nature of these distributions.
The XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) will host a Quarterly Webinar on August 18, 2022, at 11:00 AM ET. Moderated by Robert Chenoweth from XA Investments, the webinar will feature discussions with Kimberly Flynn and Gretchen Lam from Octagon Credit Investors. The Trust aims for attractive total returns by investing primarily in floating rate credit instruments, targeting over 80% of its Managed Assets in this area. Investors are encouraged to join via the web or telephone and can find details on the XAI website.
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced its monthly distribution of $0.073 per share for common shares, payable on September 1, 2022. The distribution remains unchanged from the previous month. The record date for common shareholders is August 15, 2022. The Trust's distributions may come from net investment income, capital gains, or a return of capital. Shareholders are advised to review their tax implications, as distributions may affect their tax basis.
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) announced a monthly distribution of $0.073 per common share and a preferred dividend of $0.40625 per share for its 6.50% Series 2026 Term Preferred Shares (NYSE: XFLTPRA). The ex-dividend date for both is July 14, 2022, and the payable date is August 1, 2022. The Trust aims to maintain stable distributions from its net investment income, capital gains, or return of capital, while adhering to IRS regulations.
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has successfully closed a private placement of 400,000 shares of its 6.00% Series 2029 Convertible Preferred Shares and a direct placement of 1,450,000 common shares at $6.90 each. The Trust raised approximately $19.2 million in net proceeds, which will be allocated for investments aligned with its objectives, reducing outstanding borrowings, and general working capital. These transactions reinforce the Trust's income-generating strategy across the credit cycle.
The XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has entered a Purchase Agreement for 400,000 shares of its 6.00% Series 2029 Convertible Preferred Shares, with net proceeds expected to be around $9.3 million. The offering closes June 30, 2022. Additionally, the Trust will sell 1,450,000 Common Shares at $6.90 each, aiming for net proceeds of approximately $10 million. The Convertible Preferred Shares yield a quarterly dividend of $1.50 per share. Proceeds will be utilized for investments, paying down debt, and general working capital.
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced a monthly distribution of $0.073 per common share for July 2022, unchanged from June 2022. The record date is June 15, 2022, with an ex-dividend date of June 14, 2022. This distribution will be payable on July 1, 2022. The Trust's distributions may derive from net investment income, capital gains, or return of capital. It aims to maintain stable distributions while investing primarily in floating rate credit instruments, with no assurance of achieving its investment objectives.