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

Welcome to our dedicated page for XAI Octagon Floating Rate and Alternative Income Trust Common Shares of Beneficial Interest news (Ticker: XFLT), a resource for investors and traders seeking the latest updates and insights on XAI Octagon Floating Rate and Alternative Income Trust Common Shares of Beneficial Interest 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.

11/20/2023 05:27 PM

News

XAI Octagon Floating Rate & Alternative Income Term Trust Will Host Q3 2023 Quarterly Webinar on November 30, 2023

Rhea-AI Summary

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) plans to host a Quarterly Webinar on November 30, 2023, emphasizing income generation across multiple stages of the credit cycle. The Trust's investment objective is to seek attractive total return by investing in a dynamically managed portfolio of opportunities primarily within the private credit markets. The Trust's common shares are traded on the NYSE under the symbol 'XFLT.'

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-1.6%

Tags

11/07/2023 04:16 PM

News

XAI Octagon Floating Rate & Alternative Income Term Trust Announces Private Placement of Convertible Preferred Shares

Rhea-AI Summary

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) Enters Purchase Agreement for 6.95% Series 2029 Convertible Preferred Shares, Anticipates $27.9 Million in Net Proceeds

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

11/01/2023 04:15 PM

News

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

Rhea-AI Summary

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has declared a regular monthly distribution of $0.085 per share on its common shares. The distribution will be payable on December 1, 2023, to common shareholders of record as of November 15, 2023. The amount of the distribution remains unchanged from the previous month. Common share distributions may be paid from net investment income, capital gains, and/or a return of capital.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

1.43%

Tags

10/26/2023 06:30 AM

News

XAI Octagon Floating Rate & Alternative Income Term Trust Announces Board Approval of Proposal to Become Perpetual Fund and New Sub-Advisory Agreement with Octagon Credit Investors

Rhea-AI Summary

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced that its Board of Trustees has approved a proposal to eliminate the Trust's termination date, making it perpetual. The Trust also approved a new sub-advisory agreement with Octagon Credit Investors, LLC and XA Investments LLC. The transaction is expected to occur in the first half of 2024.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

1.04%

Tags

10/02/2023 04:15 PM

News

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

Rhea-AI Summary

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has declared a regular monthly distribution of $0.085 per share of common shares. Preferred dividends for the quarter were declared at $0.40625 per share of 6.50% Series 2026 Term Preferred Shares (NYSE: XFLTPRA). No change from previous declaration. Common share distributions may be paid from net investment income, capital gains, or return of capital. The Trust seeks to maintain stable monthly distributions over time. The Trust's final taxable income for the current fiscal year will not be known until tax returns are filed. The Trust is subject to a 4% excise tax if it does not distribute at least 98% of ordinary income and 98.2% of capital gain. Common share distributions may be more than net investment income and may include a return of capital. Preferred shareholders are entitled to receive cumulative cash dividends and distributions on the 6.50% Series 2026 Term Preferred Shares. Future common share distributions are subject to the Trust's compliance with terms and financial covenants, net investment income, financial performance, and available cash.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

09/20/2023 03:00 PM

News

XAI Octagon Floating Rate & Alternative Income Term Trust Reaches $500 Million Total Managed Assets Milestone

Rhea-AI Summary

XAI Octagon Floating Rate & Alternative Income Term Trust surpasses $500 million in total managed assets.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

0.71%

Tags

09/01/2023 04:15 PM

News

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

Rhea-AI Summary

XAI Octagon Floating Rate & Alternative Income Term Trust has declared its regular monthly distribution of $0.085 per share, representing no change from the previous month's distribution amount. The Trust's common share distributions may be paid from net investment income, capital gains, and/or a return of capital. The Trust seeks to maintain stable common share monthly distributions over time. The Trust's investments in CLOs are subject to complex tax rules. The Trust is subject to a 4% excise tax if it does not distribute to common shareholders by the end of the year. Future common share distributions will be based on factors such as compliance with terms and financial covenants, net investment income, financial performance, and available cash. The Trust's investment objective is to seek attractive total return with an emphasis on income generation in the credit cycle.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

1.72%

Tags

08/10/2023 05:21 PM

News

XAI Octagon Floating Rate & Alternative Income Term Trust Will Host Q2 2023 Quarterly Webinar on August 22, 2023

Rhea-AI Summary

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) plans to host a Quarterly Webinar on August 22, 2023. The Trust's investment objective is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle. XFLT'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.'

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-0.58%

Tags

08/01/2023 04:15 PM

News

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

Rhea-AI Summary

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

07/03/2023 01:15 PM

News

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

Rhea-AI Summary

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has declared its regular monthly distribution of $0.085 per share of common shares. The Trust also declared preferred dividends for the quarter of $0.40625 per share of 6.50% Series 2026 Term Preferred Shares (NYSE: XFLTPRA).

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

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.