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

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.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has declared a monthly distribution of $0.073 per share, consistent with the previous month's amount. The distribution will be payable on December 31, 2021 to shareholders on record as of December 15, 2021. The Ex-Dividend date is set for December 14, 2021. The Trust's distributions may be comprised of net investment income, capital gains, or return of capital, and their specific tax characteristics will be reported to shareholders after year-end.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced a monthly distribution of $0.073 per common share, payable on December 1, 2021. This amount remains unchanged from the previous month. The ex-dividend date is November 15, 2021, with the record date on November 16, 2021. The Trust aims to provide stable distributions, which may include returns of capital, and is subject to a 4% excise tax if certain distribution criteria are not met by year-end.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced a monthly distribution of $0.073 per common share and $0.40625 per preferred share (6.50% Series 2026) for Q3 2021. The ex-dividend date is October 14, 2021, with payment on November 1, 2021. All distributions may stem from net investment income, capital gains, or return of capital. Investors should note that the source of these distributions may not solely be net income, and future distributions are contingent on various financial factors.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) announced a registered direct offering of 400,000 shares of 6.50% Series 2026 Term Preferred Shares at $25.00 per share, generating approximately $10 million in proceeds before expenses. The Trust plans to utilize these funds to invest according to its objectives, reduce outstanding borrowings, and cover general working capital. The offering is expected to close around September 8, 2021.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE:XFLT) has announced a regular monthly distribution of $0.073 per share, payable on October 1, 2021, to shareholders recorded as of September 15, 2021. This distribution amount reflects no change from the previous month. Notably, distributions may include return of capital and are subject to complex tax implications. The Trust is committed to maintaining stable distributions, but future payouts may vary based on several financial factors.

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.