XAI Octagon Floating Rate Price, Forecast, Insider, Ratings, Fundamentals & Signals

Chicago--(business wire)--xai octagon floating rate & alternative income trust (the “trust”) has declared its regular monthly distribution of $0.085 per share on the trust's common shares (nyse: xflt), payable on june 3, 2024, to common shareholders of record as of may 16, 2024, as noted below. the amount of the distribution represents no change from the previous month's distribution amount of $0.085 per share. the following dates apply to the declaration:   ex-dividend date   may 15, 2024.

Chicago--(business wire)--xa investments llc (“xai”), a chicago-based alternative investment management and consulting firm, today announced that kimberly flynn, cfa, has expanded her leadership role at the firm with her promotion to president. ms. flynn was a member of the founding leadership team for xai, helping launch the firm in 2016 as managing director where she built xai's proprietary closed-end fund platform. in 2020, ms. flynn introduced the firm's consulting practice to assist client.

Chicago--(business wire)--xai octagon floating rate & alternative income trust (the “trust”) has declared its regular monthly distribution of $0.085 per share on the trust's common shares (nyse: xflt), payable on april 1, 2024, to common shareholders of record as of march 15, 2024, as noted below. the amount of the distribution represents no change from the previous month's distribution amount of $0.085 per share. the following dates apply to the declaration:   ex-dividend date   march 14,.

Chicago--(business wire)--xai octagon floating rate & alternative income trust (nyse: xflt) (the “trust”) today announced that it plans to host the trust's quarterly webinar on february 29, 2024, at 11:00 am (eastern time). kimberly flynn, managing director at xa investments (“xai”) will moderate the q&a style webinar with steven perry, vice president at xai, and lauren law, senior portfolio manager at octagon credit investors. to join via web: please go to the knowledge bank section of.

Chicago--(business wire)--xai octagon floating rate & alternative income trust (the “trust”)1 (nyse: xflt), a diversified, closed-end management investment company with an investment objective to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle, has entered into a purchase agreement with certain institutional investors for the purchase and sale of common shares in a registered direct placement pursuant to the trust's effective she.

Inflation is keeping the need for Fed rate cuts at bay, benefiting funds with higher floating-rate security investment exposure. Ares Dynamic Credit Allocation Fund and XAI Octagon Floating Rate & Alternative Income Trust are two funds that can continue to generate higher income in the current environment. ARDC and XFLT offer attractive yields of 10%+, and even more importantly, these distributions are covered by the income received in their underlying portfolios.

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The XAI Octagon Floating Rate & Alternative Income Trust offers a high yield income stream and discounted DRIP option for investors. The XFLT closed-end fund has shown consistent performance and returned 28% over the past year, with a yield of about 14.4%. XFLT has made changes to become a perpetual fund and has added new members to its management team.

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XAI Octagon Floating Rate & Alternative Income Trust (XFLT) Q4 2023 Earnings Call Transcript

When was the last time you cried tears of joy? I am incredibly grateful for all the dividends pouring into my account. Retirement is easier when someone else is paying for it. Let the market do its part.

XAI Octagon Floating Rate & Alternative Income Term Trust had a strong performance in 2023, rebounding from the year prior. The fund has recently received shareholder approval to switch to a perpetual fund from a term-structured fund. The fund's distribution coverage for FY 2023 was around 90%, but the shortfall was easily 'covered' further by unrealized and realized gains in the portfolio.

The market is anticipating rate cuts, which led to a rally in November as rates on risk-free Treasuries retreated. Closed-end funds present good investment opportunities, trading at historically deep discounts. While the key theme this year had been primarily to avoid adding significant amounts of leverage, I made an exception with adding a PIMCO fund.