XAI Octagon Floating Rate & Alternative Income Term Trust Stock News

The XAI Octagon Floating Rate & Alternative Income Trust is a high-yield, high-risk closed-end fund primarily invested in senior secured debt and CLO equity. XFLT offers a 16% yield driven by floating rate assets, benefiting from rate hikes but exposed to volatility and market beta. Key risks include high expense ratios, trading at a premium, and significant volatility compared to similar CEFs.

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 December 2, 2024, to common shareholders of record as of November 15, 2024, as noted below. The amount of the distribution represents no change from the previous month's distribution a...

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For income investors, closed-end funds, or CEFs, remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. CEFs are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid tr...

CHICAGO--(BUSINESS WIRE)--XA Investments LLC (“XAI”), an alternative investment management and consulting firm, has released its Non-Listed Closed-End Funds Third Quarter 2024 Market Update covering current market trends and industry highlights. The non-listed closed-end funds (CEF) market includes all interval and tender offer funds. Some of the topics of the report include a growth analysis f...

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CHICAGO--(BUSINESS WIRE)--XAI Octagon Floating Rate & Alternative Income Trust (the “Trust”) has declared its regular monthly distribution of $0.085 per share of the Trust's common shares (NYSE: XFLT). The Trust also declared preferred dividends for the quarter of $0.40625 per share of the Trust's 6.50% Series 2026 Term Preferred Shares (NYSE: XFLTPRA). The following dates apply to each declara...