XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.085 per Share
XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) has declared its monthly distribution of $0.085 per common share, payable on October 1, 2024, to shareholders of record as of September 17, 2024. This amount remains unchanged from the previous month. The Trust aims to maintain stable monthly distributions, which may be paid from various sources including net investment income, capital gains, and/or return of capital. The Trust's investments, particularly in CLOs, are subject to complex tax rules, and its taxable income can differ significantly from GAAP income. As a registered investment company, XFLT is subject to a 4% excise tax if it doesn't distribute a specified percentage of its income and capital gains annually.
XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) ha dichiarato la sua distribuzione mensile di $0,085 per azione ordinaria, che sarà pagata il 1 ottobre 2024, agli azionisti registrati al 17 settembre 2024. Questo importo rimane invariato rispetto al mese precedente. Il Trust ha l'obiettivo di mantenere distribuzioni mensili stabili, che possono essere pagate da diverse fonti tra cui il reddito da investimenti netti, plusvalenze e/o ritorno di capitale. Gli investimenti del Trust, in particolare in CLO, sono soggetti a regole fiscali complesse e il suo reddito tassabile può differire significativamente dal reddito GAAP. In quanto società di investimento registrata, XFLT è soggetta a una tassa di consumo del 4% se non distribuisce una percentuale specificata del suo reddito e delle plusvalenze annualmente.
XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) ha declarado su distribución mensual de $0.085 por acción ordinaria, que se pagará el 1 de octubre de 2024, a los accionistas registrados a partir del 17 de septiembre de 2024. Esta cantidad permanece sin cambios respecto al mes anterior. El Trust tiene como objetivo mantener distribuciones mensuales estables, que pueden pagarse a partir de diversas fuentes, incluidos ingresos netos de inversión, ganancias de capital y/o retorno de capital. Las inversiones del Trust, especialmente en CLOs, están sujetas a reglas fiscales complejas, y su ingreso imponible puede diferir significativamente de los ingresos GAAP. Como compañía de inversión registrada, XFLT está sujeta a un impuesto de consumo del 4% si no distribuye un porcentaje específico de sus ingresos y ganancias de capital anualmente.
XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT)는 주식 1주당 $0.085의 월 배당금을 선언했으며, 2024년 10월 1일에 2024년 9월 17일 기준 주주들에게 지급될 예정입니다. 이 금액은 이전 달과 동일합니다. Trust는 다양한 출처(순 투자 소득, 자본 이득 및/또는 자본 환급 포함)에서 지급될 수 있는 안정적인 월 배당금을 유지하는 것을 목표로 합니다. Trust의 투자는 CLO를 포함하여 복잡한 세금 규정의 적용을 받으며, 세금 소득은 GAAP 소득과 크게 다를 수 있습니다. 등록 투자회사로서 XFLT는 연간 특정 비율의 소득 및 자본 이득을 배분하지 않는 경우 4%의 소비세에 적용됩니다.
XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) a déclaré sa distribution mensuelle de 0,085 $ par action ordinaire, payable le 1er octobre 2024, aux actionnaires inscrits au 17 septembre 2024. Ce montant reste inchangé par rapport au mois précédent. Le Trust vise à maintenir des distributions mensuelles stables, qui peuvent être versées à partir de diverses sources, y compris les revenus nets d'investissement, les gains en capital et/ou le retour de capital. Les investissements du Trust, notamment dans les CLO, sont soumis à des règles fiscales complexes et son revenu imposable peut différer considérablement du revenu GAAP. En tant que société d'investissement enregistrée, XFLT est soumis à une taxe de consommation de 4 % s'il ne distribue pas un pourcentage spécifié de ses revenus et gains en capital chaque année.
XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) hat seine monatliche Ausschüttung von 0,085 $ pro Stammaktie bekannt gegeben, die am 1. Oktober 2024 an Aktionäre ausgezahlt wird, die am 17. September 2024 im Aktienregister stehen. Dieser Betrag bleibt im Vergleich zum Vormonat unverändert. Der Trust hat das Ziel, stabile monatliche Ausschüttungen aufrechtzuerhalten, die aus verschiedenen Quellen wie Netto-Investitionseinkommen, Kapitalgewinnen und/oder Kapitalrückzahlungen stammen können. Die Investitionen des Trusts, insbesondere in CLOs, unterliegen komplexen Steuervorschriften und sein steuerpflichtiges Einkommen kann sich erheblich von GAAP-Einkommen unterscheiden. Als registriertes Investmentunternehmen unterliegt XFLT einer Verbrauchsteuer von 4%, wenn es nicht jährlich einen bestimmten Prozentsatz seines Einkommens und seiner Kapitalgewinne ausschüttet.
- Consistent monthly distribution of $0.085 per share maintained
- Trust aims for stable monthly distributions to shareholders
- Distributions may include return of capital, potentially reducing shareholders' tax basis
- Complex tax rules for CLO investments may lead to significant differences between GAAP and taxable income
- 4% excise tax risk if distribution requirements are not met
The following dates apply to the declaration:
Ex-Dividend Date |
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September 17, 2024 |
Record Date |
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September 17, 2024 |
Payable Date |
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October 1, 2024 |
Amount |
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|
Change from Previous Month |
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No change |
Common share distributions may be paid from net investment income (regular interest and dividends), capital gains and/or a return of capital. The specific tax characteristics of the distributions will be reported to the Trust’s common shareholders on Form 1099 after the end of the 2024 calendar year. Shareholders should not assume that the source of a distribution from the Trust is net income or profit. For further information regarding the Trust’s distributions, please visit www.xainvestments.com.
The Trust’s net investment income and capital gain can vary significantly over time; however, the Trust seeks to maintain more stable common share monthly distributions over time. The Trust’s investments in CLOs are subject to complex tax rules and the calculation of taxable income attributed to an investment in CLO subordinated notes can be dramatically different from the calculation of income for financial reporting purposes under accounting principles generally accepted in
As a registered investment company, the Trust is subject to a
The common share distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period. As a result, all or a portion of a distribution may be a return of capital, which is in effect a partial return of the amount a common shareholder invested in the Trust, up to the amount of the common shareholder’s tax basis in their common shares, which would reduce such tax basis. Although a return of capital may not be taxable, it will generally increase the common shareholder’s potential gain, or reduce the common shareholder’s potential loss, on any subsequent sale or other disposition of common shares.
The distribution shall be paid on the Payment Date unless the payment of such distribution is deferred by the Board of Trustees upon a determination that such deferral is required in order to comply with applicable law to ensure that the Trust remains solvent and able to pay its debts as they become due and continue as a going concern, or to comply with the applicable terms or financial covenants of the Trust’s senior securities.
Future common share distributions will be made if and when declared by the Trust’s Board of Trustees, based on a consideration of number of factors, including the Trust’s continued compliance with terms and financial covenants of its senior securities, the Trust’s net investment income, financial performance and available cash. There can be no assurance that the amount or timing of common share distributions in the future will be equal or similar to that described herein or that the Board of Trustees will not decide to suspend or discontinue the payment of common share distributions in the future.
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. The Trust seeks to achieve its investment objective by investing in a dynamically managed portfolio of opportunities primarily within the private credit markets. Under normal market conditions, the Trust will invest at least
The Trust’s common shares are traded on the New York Stock Exchange under the symbol “XFLT,” and the Trust’s
About XA Investments
XA Investments LLC (“XAI”) serves as the Trust’s investment adviser. XAI is a
About XMS Capital Partners
XMS Capital Partners, LLC, established in 2006, is a global, independent, financial services firm providing M&A, corporate advisory and asset management services to clients. It has offices in
About Octagon Credit Investors
Octagon Credit Investors, LLC (“Octagon”) serves as the Trust’s investment sub-adviser. Octagon is a 25+ year old,
XAI does not provide tax advice; please consult a professional tax advisor regarding your specific tax situation. Income may be subject to state and local taxes, as well as the federal alternative minimum tax.
Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Trust carefully before investing. For more information on the Trust, please visit the Trust’s webpage at www.xainvestments.com.
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
NOT FDIC INSURED |
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NO BANK GUARANTEE |
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MAY LOSE VALUE |
Paralel –Distributors LLC
View source version on businesswire.com: https://www.businesswire.com/news/home/20240903369014/en/
Kimberly Flynn, President
XA Investments LLC
Phone: 888-903-3358
Email: KFlynn@XAInvestments.com
www.xainvestments.com
Source: XA Investments LLC
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