XAI Octagon Floating Rate and Alternative Income Trust Common Shares of Beneficial Interest - XFLT STOCK NEWS

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XAI Octagon Floating Rate & Alternative Income Trust (XFLT) is a diversified, closed-end management investment company that focuses on providing investors with access to a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within private markets. The Trust aims to deliver an attractive total return with a strong emphasis on income generation across various stages of the credit cycle.

Founded by XA Investments LLC (XAI), a Chicago-based firm established in April 2016, XFLT benefits from the extensive expertise of XAI’s leadership team and its strategic partnerships with elite alternative asset managers. These partnerships include top-tier hedge fund managers, private debt and equity firms, and alternative credit managers, ensuring that XFLT leverages institutional-caliber investment strategies.

XAI’s unique approach, embodied in its proprietary Alternative Registered Trust (ART)™ platform, tailors its alternative investment offerings to meet the specific needs of financial advisors and their clients. This differentiated approach provides better access to a broader range of alternative investment options, underscoring XAI’s commitment to innovation and investor-centric solutions.

XA Investments, the driving force behind XFLT, was founded by XMS Capital Partners, LLC (XMS) in 2006. XMS is a global, independent financial services firm renowned for its M&A, corporate advisory, and asset management services. With a focus on building trusted relationships, XMS has successfully served a diverse clientele, solidifying its reputation in the financial services industry.

Recent achievements for XFLT include its strategic positioning to navigate the complexities of the credit cycle, continually optimizing its portfolio to enhance income generation. The Trust remains committed to providing its investors with sustainable returns by adapting to market trends and leveraging the expertise of its distinguished partners.

For the latest updates and news on XAI Octagon Floating Rate & Alternative Income Trust (XFLT), visit our news section which is regularly updated with relevant information about company performance, key events, and significant developments.

04/01/2024 04:15 PM

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XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution and Quarterly Preferred Shares Dividend

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XAI Octagon Floating Rate & Alternative Income Trust (XFLT) has declared its regular monthly distribution of $0.085 per share and preferred dividends of $0.40625 per share for the quarter. The Trust's investments in CLOs are subject to complex tax rules, and its final taxable income will be determined upon filing tax returns. The Trust aims for stable monthly distributions over time by investing in floating rate credit instruments.

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03/01/2024 04:15 PM

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XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.085 per Share

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XAI Octagon Floating Rate & Alternative Income Trust (XFLT) has declared a monthly distribution of $0.085 per share for April 2024, with no change from the previous month. The distribution will be paid on April 1, 2024, to shareholders of record as of March 15, 2024. Shareholders should note that distributions may come from various sources, and tax characteristics will be reported on Form 1099. The Trust's investments in CLOs are subject to complex tax rules, and taxable income may differ from GAAP income. The Trust aims to provide stable monthly distributions over time, but final taxable income is determined after filing tax returns. Shareholders should be aware of the potential for return of capital in distributions.

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02/21/2024 04:45 PM

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XAI Octagon Floating Rate & Alternative Income Trust Will Host Q4 2023 Quarterly Webinar on February 29, 2024

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XAI Octagon Floating Rate & Alternative Income Trust (XFLT) announces Quarterly Webinar with investment objectives focused on income generation and total return.

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02/01/2024 07:55 PM

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XAI Octagon Floating Rate & Alternative Income Trust Announces Registered Direct Placement of Common Shares

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XAI Octagon Floating Rate & Alternative Income Trust (XFLT) has entered into a Purchase Agreement with institutional investors to sell 3,546,854 Common Shares at a price of $7.0485 per Common Share. The offering is expected to close soon, with the Trust aiming to seek attractive total return with an emphasis on income generation.

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02/01/2024 04:15 PM

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XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.085 per Share

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XAI Octagon Floating Rate & Alternative Income Trust (XFLT) has declared a regular monthly distribution of $0.085 per share, payable on March 1, 2024, with no change from the previous month's distribution. The Trust's common shares are traded on the New York Stock Exchange under the symbol 'XFLT'. The investment objective of the Trust is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle.

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01/24/2024 04:15 PM

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XAI Octagon Floating Rate & Alternative Income Term Trust Announces Shareholder Approval of Important Proposals

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XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has announced the approval of two important proposals at the reconvened special meeting of shareholders. The first proposal eliminates the Trust's termination date, making it a perpetual closed-end fund. The second proposal allows Octagon Credit Investors to remain the Trust's sub-adviser upon the closing of Generali's acquisition of Octagon's parent company, Conning. The Term Amendment will be effective as of February 1, 2024, and the Trust will change its name to XAI Octagon Floating Rate & Alternative Trust. The New Octagon Agreement is anticipated to occur during the first half of 2024. The Trust's Board believes these approvals will benefit shareholders by allowing the Trust to maintain a fully invested portfolio, remain invested in the Trust without seeking a replacement investment, and benefit from potential growth and scale efficiencies.

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01/03/2024 04:15 PM

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XAI Octagon Floating Rate & Alternative Income Term Trust Announces Portfolio Management Change

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XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has announced portfolio management changes, with Lauren Law, CFA, assuming the position of lead portfolio manager effective January 1, 2024. 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 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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01/02/2024 04:15 PM

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XAI Octagon Floating Rate & Alternative Income Term Trust Declares its Monthly Common Shares Distribution and Quarterly Preferred Shares Dividend

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XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has declared a regular monthly distribution of $0.085 per share for common shares and $0.40625 per share for 6.50% Series 2026 Term Preferred Shares. The ex-dividend date for both is January 12, 2024, with payable dates in February 2024. Common share distributions may be paid from net investment income, capital gains, or a return of capital. The Trust's net investment income and capital gain can vary significantly over time, and as a registered investment company, it is subject to a 4% excise tax if it does not distribute to common shareholders. The Trust's investment objective is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle.

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12/19/2023 04:21 PM

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XAI Octagon Floating Rate & Alternative Income Term Trust Adjourns Special Meeting of Shareholders to Permit Further Solicitation of Proxies

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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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12/01/2023 04:15 PM

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XAI Octagon Floating Rate & Alternative Income Term Trust Declares its Monthly Common Shares Distribution of $0.085 per Share

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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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FAQ

What is the current stock price of XAI Octagon Floating Rate and Alternative Income Trust Common Shares of Beneficial Interest (XFLT)?

The current stock price of XAI Octagon Floating Rate and Alternative Income Trust Common Shares of Beneficial Interest (XFLT) is $6.62 as of December 20, 2024.

What is the market cap of XAI Octagon Floating Rate and Alternative Income Trust Common Shares of Beneficial Interest (XFLT)?

The market cap of XAI Octagon Floating Rate and Alternative Income Trust Common Shares of Beneficial Interest (XFLT) is approximately 449.7M.

What is XAI Octagon Floating Rate & Alternative Income Trust (XFLT)?

XFLT is a diversified, closed-end management investment company focused on floating-rate credit instruments and structured credit investments within private markets.

What is the main investment objective of XFLT?

The main investment objective of XFLT is to seek an attractive total return with an emphasis on income generation across various stages of the credit cycle.

Who manages XFLT?

XFLT is managed by XA Investments LLC (XAI), a Chicago-based firm founded in April 2016, known for its expertise in alternative investment strategies.

What is the ART™ platform?

The ART™ platform is XA Investments' proprietary approach to offering institutional-caliber alternative investments tailored to meet the needs of financial advisors and their clients.

Who are the partners of XAI?

XAI partners with established alternative asset managers including elite alternative credit managers, hedge fund managers, and private debt and equity firms.

What kind of investments does XFLT focus on?

XFLT primarily invests in floating-rate credit instruments and other structured credit investments within private markets.

How does XFLT generate income?

XFLT generates income through a dynamically managed portfolio that seeks to optimize returns across multiple stages of the credit cycle.

What kind of firm is XMS Capital Partners, LLC?

XMS Capital Partners, LLC is a global, independent financial services firm providing M&A, corporate advisory, and asset management services, and is the founder of XA Investments LLC.

How can I stay updated on XFLT's performance and news?

For the latest updates and news about XFLT, visit our news section which features regular updates on company performance, key events, and significant developments.