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

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.

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has declared a regular monthly distribution of $0.073 per share for its common shares, payable on March 1, 2021, to shareholders of record as of February 17, 2021. This amount remains unchanged from the previous month’s distribution. The Trust’s investments may generate distributions from net investment income, capital gains, or a return of capital. Investors should consider the investment objectives and risks carefully before investing in XFLT.

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has announced a regular monthly distribution of $0.073 per share to common shareholders. This payment will be made on February 1, 2021, to shareholders on record as of January 15, 2021. Notably, this distribution amount represents no change from the previous month. It is important for investors to note that distributions may consist of income, capital gains, and potential returns of capital, which may affect their tax implications. More details can be found at xainvestments.com.

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) announced a regular monthly distribution of $0.073 per share, to be paid on December 31, 2020. This amount remains unchanged from the previous month. Key dates include: Ex-Dividend Date on December 14, 2020 and Record Date on December 15, 2020. The Trust aims for stable distributions over time, funded through net investment income and capital gains. The Trust is also subject to certain tax implications and financial covenants.

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has declared a monthly distribution of $0.073 per share for common shareholders, payable on December 1, 2020. The record date for this distribution is November 17, 2020, with the ex-dividend date set for November 16, 2020. This distribution amount is consistent with the previous month’s payout. XFLT invests primarily in floating rate credit instruments and structured credit, aiming to maintain stable monthly distributions over time.

XA Investments LLC has launched a registered closed-end fund structuring and consulting practice to enhance its clients' capabilities in the strategic closed-end fund marketplace. Leveraging a robust industry network, XAI will provide customized insights and advice to asset managers aiming to establish new closed-end funds. With its experienced team, XAI aims to support clients in product development, marketing, and capital raising, particularly in the growing interval and auction fund markets. The consulting services were initiated in Q1 2020, expanding XAI's offerings to support retail market access.

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has declared a monthly distribution of $0.073 per share, marking a 21.67% increase from the previous month’s $0.060 per share distribution. This distribution is payable on November 2, 2020, to shareholders of record as of October 15, 2020. Additionally, effective November 1, 2020, the Trust will no longer limit investments in CLO securities to 50% of its Managed Assets, allowing for an unrestricted investment strategy within the asset class.