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

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has priced its public offering of 6.50% Series 2026 Term Preferred Shares, raising $26 million. The offering includes 1,040,000 Preferred Shares priced at $25.00 each, with a potential additional 156,000 shares for underwriters. Expected net proceeds are approximately $25.2 million, to be used for investment objectives and reducing debt. Trading on the NYSE under the symbol 'XFLTPRA' is anticipated within 30 days post March 29, 2021.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has initiated an underwritten public offering of its Series 2026 Term Preferred Shares. The offering is part of the Trust's effective shelf registration statement filed with the SEC, granting underwriters a 30-day option for additional shares. Proceeds will be used for investment aligned with the Trust's objectives, general working capital, and to reduce existing borrowings. Joint book-running managers include Ladenburg Thalmann and B. Riley Securities.

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has declared a monthly distribution of $0.073 per common share, payable on April 1, 2021. The amount reflects no change from the previous month. Key dates include the Ex-Dividend Date of March 15, 2021 and the Record Date of March 16, 2021. Distributions may derive from net investment income, capital gains, and/or a return of capital, which could affect shareholders' tax basis. The Trust aims for stable distributions and invests primarily in floating rate credit instruments.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) successfully closed an underwritten public offering of 2,900,250 common shares at $8.62 each, generating approximately $23.7 million in net proceeds. The Trust aims to utilize these funds to further its investment objectives, focusing on income generation across varying credit cycles. National Securities Corporation, B. Riley Securities, and Ladenburg Thalmann acted as joint book-running managers for this offering. The shelf registration statement related to these shares is filed with the SEC.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has announced the pricing of its public offering of 2,900,250 Common Shares at $8.62 each, with an option for underwriters to purchase an additional 435,038 shares. The Trust expects net proceeds of approximately $23.9 million, which could rise to $27.5 million if the over-allotment option is exercised. The funds will be used to pursue its investment objective. The closing date is set for March 1, 2021, pending customary conditions.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) has initiated an underwritten public offering of common shares as per its effective shelf registration statement. The offering includes a 30-day option for underwriters to purchase up to 15% additional shares. The Trust plans to utilize the net proceeds from this offering to adhere to its investment objectives. National Securities Corporation, B. Riley Securities, and Ladenburg Thalmann serve as joint book-running managers. Investors can access the preliminary prospectus supplement through designated contacts or the SEC's website.

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has declared a regular monthly distribution of $0.073 per share for its common shares, payable on March 1, 2021, to shareholders of record as of February 17, 2021. This amount remains unchanged from the previous month’s distribution. The Trust’s investments may generate distributions from net investment income, capital gains, or a return of capital. Investors should consider the investment objectives and risks carefully before investing in XFLT.

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has announced a regular monthly distribution of $0.073 per share to common shareholders. This payment will be made on February 1, 2021, to shareholders on record as of January 15, 2021. Notably, this distribution amount represents no change from the previous month. It is important for investors to note that distributions may consist of income, capital gains, and potential returns of capital, which may affect their tax implications. More details can be found at xainvestments.com.

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) announced a regular monthly distribution of $0.073 per share, to be paid on December 31, 2020. This amount remains unchanged from the previous month. Key dates include: Ex-Dividend Date on December 14, 2020 and Record Date on December 15, 2020. The Trust aims for stable distributions over time, funded through net investment income and capital gains. The Trust is also subject to certain tax implications and financial covenants.