Welcome to our dedicated page for XAI Octagon FR & Alternative Trust news (Ticker: XFLT), a resource for investors and traders seeking the latest updates and insights on XAI Octagon FR & Alternative Trust stock.
XAI Octagon Floating Rate and Alternative Income Trust (NYSE: XFLT) is a diversified, closed-end management investment company focused on floating-rate credit instruments and other structured credit investments within the private credit markets. Its stated objective is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle, and its common shares of beneficial interest trade on the New York Stock Exchange under the symbol XFLT.
The news flow around XFLT often centers on its regular monthly common share distributions, including announcements of declared distribution amounts, record dates, payable dates and any changes from prior distribution levels. These distribution updates also describe how payments may be sourced from net investment income, capital gains and/or return of capital, and they outline related tax considerations for shareholders.
Another recurring theme in XFLT-related news is the Trust’s capital structure activity. This includes announcements about preferred share offerings and redemptions, such as the issuance of Series A Mandatory Redeemable Preferred Shares, the use of proceeds to refinance existing leverage, and the redemption of 6.50% Series 2026 Term Preferred Shares. Filings and press releases describe dividend rates, liquidation preferences, redemption terms and the role of these preferred shares in the Trust’s financing.
News items also highlight the broader role of XA Investments LLC, the Trust’s investment adviser, and Octagon Credit Investors, LLC, its investment sub-adviser. XAI publishes market research on interval and tender offer funds and has launched indices such as the XAI Interval Fund Index and the XAI Interval Fund Credit Index, which relate to alternative credit strategies similar to those pursued by the Trust. For investors and analysts following XFLT, the news page provides ongoing insight into distribution policies, leverage and preferred share activity, and adviser-led research initiatives connected to the Trust’s credit-focused investment approach.
The Trust under the symbol XFLT is set to host its Quarterly Webinar on August 17, 2021, at 11:00 AM ET, where the management team will discuss performance for the period ending June 30, 2021. The Trust aims for attractive total returns by focusing on income generation through a diverse portfolio in private credit markets, with at least 80% of assets in floating rate instruments. The webinar will provide insights into the Trust's strategies, moderated by Robert Chenoweth of XA Investments.
XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has declared a monthly distribution of $0.073 per share, payable on September 1, 2021. This amount remains unchanged from the previous month. Key dates include the Ex-Dividend Dateb>: August 16, 2021 and Record Date: August 17, 2021. Distributions may come from net investment income, capital gains, or a return of capital. The Trust aims for stable monthly distributions but cannot assure future payment amounts. Investors should consider the Trust's objectives, risks, and expenses before investing.
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has completed its public offering of 3,565,000 common shares at $8.50 each, raising approximately $29.0 million. The proceeds will be invested according to the Trust's income generation goals across various stages of the credit cycle. B. Riley Securities, Inc. and Ladenburg Thalmann & Co. acted as joint book-running managers, with several firms as co-managers. Relevant prospectus details are available via the SEC and the managing firms.
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.
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