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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.
The XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has entered a Purchase Agreement for 400,000 shares of its 6.00% Series 2029 Convertible Preferred Shares, with net proceeds expected to be around $9.3 million. The offering closes June 30, 2022. Additionally, the Trust will sell 1,450,000 Common Shares at $6.90 each, aiming for net proceeds of approximately $10 million. The Convertible Preferred Shares yield a quarterly dividend of $1.50 per share. Proceeds will be utilized for investments, paying down debt, and general working capital.
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced a monthly distribution of
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) is hosting a quarterly webinar on May 26, 2022, at 11:00 am ET, to discuss earnings for the three months ending March 31, 2022. Moderated by Robert Chenoweth, the webinar features Kimberly Flynn and Gretchen Lam. The Trust aims for attractive total returns with a focus on income generation through investments primarily in floating rate credit instruments. The Trust's shares are traded under the ticker XFLT.
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced a monthly distribution of
XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has announced a monthly distribution of $0.073 per common share and preferred dividends of $0.40625 per share for its 6.50% Series 2026 Term Preferred Shares (XFLTPRA). The ex-dividend date for both shares is April 14, 2022, with a record date of April 18, 2022, and payment on May 2, 2022. These distributions are funded from net investment income and capital gains, which may affect shareholders' tax implications.
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced its regular monthly distribution of $0.073 per share, payable on April 1, 2022, to shareholders of record as of March 15, 2022. This amount remains unchanged from the previous month. The Trust aims for stable monthly distributions, funded by net investment income and capital gains. Certain distributions may include a return of capital, which can affect shareholders' tax basis. Future distributions depend on various factors, including compliance with financial covenants and net income.
The XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has declared its monthly distribution of
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
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