XAI Octagon FR & Alternative Inc Trust Stock Price, News & Analysis

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) will host its Quarterly Webinar on May 27, 2021, at 11:00 AM ET. The webinar will discuss the performance for the period ending March 31, 2021, and will be moderated by Robert Chenoweth from XA Investments. Participants can join via web or phone. The Trust aims for attractive total returns, focusing on income generation through investments primarily in floating rate credit instruments. XFLT shares trade on the NYSE.

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has announced a monthly distribution of $0.073 per share for common shareholders, payable on June 1, 2021. The distribution amount remains unchanged from the previous month. Shareholders of record as of May 18, 2021 will receive the payment. The Trust aims to maintain stable monthly distributions by investing primarily in floating rate credit instruments and structured credit investments. Tax characteristics of the distribution will be reported after the fiscal year.

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has announced its monthly distribution of $0.073 per share, payable on May 3, 2021, to shareholders on record as of April 15, 2021. This distribution remains unchanged from the previous month. The Trust is committed to maintaining stable monthly distributions, funded through net investment income, capital gains, or returns of capital. Investors should note that distributions may exceed net investment income, and a portion may constitute a return of capital, affecting their tax basis.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has priced its public offering of 6.50% Series 2026 Term Preferred Shares, raising $26 million. The offering includes 1,040,000 Preferred Shares priced at $25.00 each, with a potential additional 156,000 shares for underwriters. Expected net proceeds are approximately $25.2 million, to be used for investment objectives and reducing debt. Trading on the NYSE under the symbol 'XFLTPRA' is anticipated within 30 days post March 29, 2021.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has initiated an underwritten public offering of its Series 2026 Term Preferred Shares. The offering is part of the Trust's effective shelf registration statement filed with the SEC, granting underwriters a 30-day option for additional shares. Proceeds will be used for investment aligned with the Trust's objectives, general working capital, and to reduce existing borrowings. Joint book-running managers include Ladenburg Thalmann and B. Riley Securities.

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has declared a monthly distribution of $0.073 per common share, payable on April 1, 2021. The amount reflects no change from the previous month. Key dates include the Ex-Dividend Date of March 15, 2021 and the Record Date of March 16, 2021. Distributions may derive from net investment income, capital gains, and/or a return of capital, which could affect shareholders' tax basis. The Trust aims for stable distributions and invests primarily in floating rate credit instruments.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) successfully closed an underwritten public offering of 2,900,250 common shares at $8.62 each, generating approximately $23.7 million in net proceeds. The Trust aims to utilize these funds to further its investment objectives, focusing on income generation across varying credit cycles. National Securities Corporation, B. Riley Securities, and Ladenburg Thalmann acted as joint book-running managers for this offering. The shelf registration statement related to these shares is filed with the SEC.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced the pricing of its public offering of 2,900,250 Common Shares at $8.62 each, with an option for underwriters to purchase an additional 435,038 shares. The Trust expects net proceeds of approximately $23.9 million, which could rise to $27.5 million if the over-allotment option is exercised. The funds will be used to pursue its investment objective. The closing date is set for March 1, 2021, pending customary conditions.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has initiated an underwritten public offering of common shares as per its effective shelf registration statement. The offering includes a 30-day option for underwriters to purchase up to 15% additional shares. The Trust plans to utilize the net proceeds from this offering to adhere to its investment objectives. National Securities Corporation, B. Riley Securities, and Ladenburg Thalmann serve as joint book-running managers. Investors can access the preliminary prospectus supplement through designated contacts or the SEC's website.