Welcome to our dedicated news page for XAI Octagon Floating Rate and Alternative Income Trust Common Shares of Beneficial Interest (Ticker: XFLT), a resource for investors and traders seeking the latest updates and insights on XAI Octagon Floating Rate and Alternative Income Trust Common Shares of Beneficial Interest.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect XAI Octagon Floating Rate and Alternative Income Trust Common Shares of Beneficial Interest's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) announced the adjournment of its special meeting of shareholders to January 24, 2024, to allow more time for voting on proposals, including a new investment sub-advisory agreement and an amendment to become a perpetual fund.
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XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has declared a regular monthly distribution of $0.085 per share, payable on December 28, 2023, to common shareholders of record as of December 15, 2023. The amount represents no change from the previous month's distribution. The Trust's investments in CLOs are subject to complex tax rules, and the Trust's final taxable income for the current fiscal year will not be known until the Trust's tax returns are filed. The Trust's common shares are traded on the New York Stock Exchange under the symbol 'XFLT.'
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XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) plans to host a Quarterly Webinar on November 30, 2023, emphasizing income generation across multiple stages of the credit cycle. The Trust's investment objective is to seek attractive total return by investing in a dynamically managed portfolio of opportunities primarily within the private credit markets. The Trust's common shares are traded on the NYSE under the symbol 'XFLT.'
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XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) Enters Purchase Agreement for 6.95% Series 2029 Convertible Preferred Shares, Anticipates $27.9 Million in Net Proceeds
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XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has declared a regular monthly distribution of $0.085 per share on its common shares. The distribution will be payable on December 1, 2023, to common shareholders of record as of November 15, 2023. The amount of the distribution remains unchanged from the previous month. Common share distributions may be paid from net investment income, capital gains, and/or a return of capital.
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1.43%
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XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced that its Board of Trustees has approved a proposal to eliminate the Trust's termination date, making it perpetual. The Trust also approved a new sub-advisory agreement with Octagon Credit Investors, LLC and XA Investments LLC. The transaction is expected to occur in the first half of 2024.
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XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has declared a regular monthly distribution of $0.085 per share of common shares. Preferred dividends for the quarter were declared at $0.40625 per share of 6.50% Series 2026 Term Preferred Shares (NYSE: XFLTPRA). No change from previous declaration. Common share distributions may be paid from net investment income, capital gains, or return of capital. The Trust seeks to maintain stable monthly distributions over time. The Trust's final taxable income for the current fiscal year will not be known until tax returns are filed. The Trust is subject to a 4% excise tax if it does not distribute at least 98% of ordinary income and 98.2% of capital gain. Common share distributions may be more than net investment income and may include a return of capital. Preferred shareholders are entitled to receive cumulative cash dividends and distributions on the 6.50% Series 2026 Term Preferred Shares. Future common share distributions are subject to the Trust's compliance with terms and financial covenants, net investment income, financial performance, and available cash.
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XAI Octagon Floating Rate & Alternative Income Term Trust surpasses $500 million in total managed assets.
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0.71%
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XAI Octagon Floating Rate & Alternative Income Term Trust has declared its regular monthly distribution of $0.085 per share, representing no change from the previous month's distribution amount. The Trust's common share distributions may be paid from net investment income, capital gains, and/or a return of capital. The Trust seeks to maintain stable common share monthly distributions over time. The Trust's investments in CLOs are subject to complex tax rules. The Trust is subject to a 4% excise tax if it does not distribute to common shareholders by the end of the year. Future common share distributions will be based on factors such as compliance with terms and financial covenants, net investment income, financial performance, and available cash. The Trust's investment objective is to seek attractive total return with an emphasis on income generation in the credit cycle.
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XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) plans to host a Quarterly Webinar on August 22, 2023. The Trust's investment objective is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle. XFLT's common shares are traded on the New York Stock Exchange under the symbol 'XFLT,' and the Trust's 6.50% Series 2026 Term Preferred Shares are traded under the symbol 'XFLTPRA.'
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XAI Octagon Floating Rate and Alternative Income Trust Common Shares of Beneficial Interest
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About XFLT
xa investments llc (“xai”) is a chicago-based firm founded by xms capital partners, llc, (“xms”) in april, 2016. the xai leadership team believes that investors need better access to a broader range of alternative investment strategies and managers. to provide investors with institutional-caliber investment expertise, xai partners with established alternative asset managers selected from elite alternative credit managers, hedge fund managers and private debt and equity firms. our proprietary alternative registered trust (art)™ platform represents a differentiated approach to alternatives investing by offering institutional-caliber alternatives in vehicles that are specifically tailored to meet the needs of financial advisors and their clients. xms, established in 2006, is a global, independent financial services firm providing m&a;, corporate advisory and asset management services to clients. the firm focuses on building trusted relationships with its clients, many of which have been w