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

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced its public offering of 3,100,000 Common Shares at $8.50 each, aiming to raise approximately $25.3 million before expenses. The Trust has also provided underwriters with a 30-day option for an additional 465,000 shares. Expected closing is around July 23, 2021. The net proceeds will be invested to meet the Trust's objective of generating attractive total returns across credit cycles. B. Riley Securities and Ladenburg Thalmann are leading the offering.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has initiated an underwritten public offering of common shares under its shelf registration with the SEC. The offering allows underwriters a 30-day option to purchase an additional 15% of the shares for overallotments. The net proceeds will be invested per the Trust's objectives. B. Riley Securities and Ladenburg Thalmann are leading the offering with additional support from other firms. Investors should review the preliminary prospectus for detailed information and consider the associated risks.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced a monthly distribution of $0.073 per common share and a preferred dividend of $0.5597 for the 6.50% Series 2026 Term Preferred Shares (NYSE: XFLTPRA). Both dividends have an ex-dividend date of July 14, 2021 and payable date of August 2, 2021. The Trust aims to maintain stable distributions from net income, capital gains, and potentially returns of capital. Shareholders should review Form 1099 for tax implications.

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has announced its regular monthly distribution of $0.073 per share, unchanged from last month. The ex-dividend date is set for June 14, 2021, with a record date of June 15, 2021, and payment scheduled on July 1, 2021. The Trust aims for stable monthly distributions, funded through net investment income, capital gains, and potentially a return of capital. Investors are advised to monitor potential tax implications, as distributions may not solely represent net income.

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.