XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.077 per Share
XAI Octagon Floating Rate & Alternative Income Trust Common Shares of Beneficial Interest (XFLT)
US:NYSE Investor Relations:
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Company Research
Source: Business Wire
CHICAGO--(BUSINESS WIRE)--XAI Octagon Floating Rate & Alternative Income Trust (the “Trust”) has declared its regular monthly distribution of $0.077 per share on the Trust’s common shares (NYSE: XFLT), payable on December 30, 2024, to common shareholders of record as of December 16, 2024, as noted below. The amount of the distribution represents a 9.41% decrease from the previous month's distribution of $0.085 per share.The Trust’s investment objective is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle. The Trust’s investment portfolio is comprised largely of floating-rate credit instruments and other structured credit investments. In the past three months, the Federal Reserve has cut the base rate twice resulting in a 0.75% decline in interest rates, impacting floating rate securities’ income generation. As a result, the Trust’s net investment income has declined. With the new distribution amount of $0.077 per share
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News
- XAI Octagon Floating Rate & Alternative Income Trust Will Host Q3 2024 Quarterly Webinar on December 6, 2024Business Wire
- XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.085 per ShareBusiness Wire
- XA Investments Non-Listed Closed End Funds Third Quarter 2024 Market UpdateBusiness Wire
- XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution and Quarterly Preferred Shares DividendBusiness Wire
XFLT
Sec Filings
- 12/20/24 - Form 4
- 12/13/24 - Form N-CEN
- 12/3/24 - Form N-CSR
- XFLT's page on the SEC website