Welcome to our dedicated page for XAI Octagon FR & Alternative Trust news (Ticker: XFLT), a resource for investors and traders seeking the latest updates and insights on XAI Octagon FR & Alternative Trust stock.
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.
XAI Octagon Floating Rate & Alternative Income Trust (XFLT) has announced its monthly distribution of $0.085 per common share, maintaining the same amount as the previous month. The distribution is payable on July 1, 2024, to shareholders recorded as of June 17, 2024. The Trust's distributions can include net investment income, capital gains, and return of capital. The specifics of the distribution's tax characteristics will be detailed in Form 1099 at the end of 2024. XFLT ensures stable monthly distributions despite potential variations in net investment income and capital gains. The Trust aims to achieve attractive total returns through investments in floating rate credit instruments and private credit markets. Future distributions depend on several factors including financial performance and compliance with senior securities' terms.
XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) announced that it will host its Q1 2024 Quarterly Webinar on May 30, 2024, at 11:00 am ET. The event will be moderated by Kimberly Flynn, President at XA Investments, with participation from Steven Perry, Vice President at XAI, and Lauren Law, Senior Portfolio Manager at Octagon Credit Investors. The Trust focuses on generating attractive total returns with an emphasis on income through investments in private credit markets, primarily in floating rate credit instruments. The Trust trades on the NYSE under the symbol XFLT, and its 6.50% Series 2026 Term Preferred Shares trade under XFLTPRA.
XAI Octagon Floating Rate & Alternative Income Trust has declared a monthly distribution of $0.085 per share for its common shares (NYSE: XFLT). The distribution is payable on June 3, 2024, with a record date of May 16, 2024. The amount remains unchanged from the previous month. Common share distributions may come from various sources, and shareholders should be aware of the tax implications. The Trust's investments in CLOs are subject to complex tax rules. The Trust's objective is to achieve attractive total return with a focus on income generation.
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