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

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has successfully closed a private placement of 400,000 shares of its 6.00% Series 2029 Convertible Preferred Shares and a direct placement of 1,450,000 common shares at $6.90 each. The Trust raised approximately $19.2 million in net proceeds, which will be allocated for investments aligned with its objectives, reducing outstanding borrowings, and general working capital. These transactions reinforce the Trust's income-generating strategy across the credit cycle.

The XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has entered a Purchase Agreement for 400,000 shares of its 6.00% Series 2029 Convertible Preferred Shares, with net proceeds expected to be around $9.3 million. The offering closes June 30, 2022. Additionally, the Trust will sell 1,450,000 Common Shares at $6.90 each, aiming for net proceeds of approximately $10 million. The Convertible Preferred Shares yield a quarterly dividend of $1.50 per share. Proceeds will be utilized for investments, paying down debt, and general working capital.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced a monthly distribution of $0.073 per common share for July 2022, unchanged from June 2022. The record date is June 15, 2022, with an ex-dividend date of June 14, 2022. This distribution will be payable on July 1, 2022. The Trust's distributions may derive from net investment income, capital gains, or return of capital. It aims to maintain stable distributions while investing primarily in floating rate credit instruments, with no assurance of achieving its investment objectives.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) is hosting a quarterly webinar on May 26, 2022, at 11:00 am ET, to discuss earnings for the three months ending March 31, 2022. Moderated by Robert Chenoweth, the webinar features Kimberly Flynn and Gretchen Lam. The Trust aims for attractive total returns with a focus on income generation through investments primarily in floating rate credit instruments. The Trust's shares are traded under the ticker XFLT.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced a monthly distribution of $0.073 per common share, payable on June 1, 2022, to shareholders of record as of May 16, 2022. The distribution amount remains unchanged from last month. The Trust’s common share distributions may be funded by net investment income, capital gains, or return of capital. Future distributions will depend on factors like investment income and compliance with financial covenants.

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has announced a monthly distribution of $0.073 per common share and preferred dividends of $0.40625 per share for its 6.50% Series 2026 Term Preferred Shares (XFLTPRA). The ex-dividend date for both shares is April 14, 2022, with a record date of April 18, 2022, and payment on May 2, 2022. These distributions are funded from net investment income and capital gains, which may affect shareholders' tax implications.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced its regular monthly distribution of $0.073 per share, payable on April 1, 2022, to shareholders of record as of March 15, 2022. This amount remains unchanged from the previous month. The Trust aims for stable monthly distributions, funded by net investment income and capital gains. Certain distributions may include a return of capital, which can affect shareholders' tax basis. Future distributions depend on various factors, including compliance with financial covenants and net income.

The XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has declared its monthly distribution of $0.073 per share, unchanged from the previous month. This distribution will be payable on March 1, 2022, to shareholders on record as of February 15, 2022. The ex-dividend date is February 14, 2022. Distributions may derive from various sources including net investment income, capital gains, or a return of capital. The Trust aims to maintain stable distributions despite the variability in net investment income.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced a monthly distribution of $0.073 per common share and $0.40625 for its 6.50% Series 2026 Term Preferred Shares (NYSE: XFLTPRA). The ex-dividend date for both shares is January 14, 2022, with payment set for February 1, 2022 and January 31, 2022 respectively. The Trust emphasizes that share distributions may come from net investment income, capital gains, or return of capital. Investors should note that the Trust seeks to maintain stable monthly distributions, though future amounts are not guaranteed.