XAI Octagon Floating Rate & Alternative Income Term Trust

The full company name is XAI Octagon Floating Rate Alternative Income Term Trust.

Sound Point Meridian Capital Inc

We review the CEF market valuation and performance through the second week of November and highlight recent market action. CEFs had a strong week, with MLPs and Equity-linked sectors leading. Tax-loss season is approaching, but few income sectors are expected to be pressured due to strong market performance this year.

CEF Weekly Review: Few Opportunities This Tax-Loss Season

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.

XFLT: Floating Rate Debt Is Now At 16% Yield

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 amount of $0.085 per share. The following dates apply to the declaration: Ex-Dividend Date   Novemb.

XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.085 per Share

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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 track records that pay high distributions and offer “excess” discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

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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 for the twenty largest funds and recently launched funds, a market-wide proration analysis and the rise.

XA Investments Non-Listed Closed End Funds Third Quarter 2024 Market Update

The more secure your income stream in retirement, the fewer stress points you'll experience. I drive multiple tent pegs into the ground to secure my retirement plans with outstanding income. Solve your financial woes and watch your life improve readily.

A Fat 15% Yield With Monthly Income For My Retirement Portfolio: XFLT

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Credit investing is like betting on horses to merely survive the race and make it around the track. Equity investing is like betting on horses to win, place or show. Credit bets are a lot easier to win than equity bets.

Betting On Corporate America To 'Muddle Through' Whatever Lies Ahead

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 declaration: Share Class Ex-Dividend Date Record Date Payable Date Amount Change from Previous Declaratio.

XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution and Quarterly Preferred Shares Dividend

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For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

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Stop using weaker passive peers and unlock higher returns and income from actively managed funds. XAI Octagon Floating Rate & Alternative Income Trust offers income to the tune of 15% paid in monthly distributions. Get cash, and use it as you desire!

XFLT Strongly Beats Loan And Bond Funds, Yields 15%

CHICAGO--(BUSINESS WIRE)--XA Investments LLC (“XAI”), a Chicago-based alternative investment management and consulting firm, has welcomed Paul Dunn as a Senior Advisor. After a successful investment management career that culminated at Bluerock Capital Markets, Paul will advise XAI on sales and distribution. XAI provides individual investors with access to institutional-caliber alternative managers by partnering with established industry professionals with proven capabilities in alternative cre.

Interval Fund Expert Paul Dunn to Join XA Investments Senior Advisor Team

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 August 29, 2024 at 11:00 am (Eastern Time). Kevin Davis, Managing Director at XA Investments (“XAI”) will moderate the Q&A style webinar with Kimberly Flynn, 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 xainvest.

XAI Octagon Floating Rate & Alternative Income Trust Will Host Q2 2024 Quarterly Webinar on August 29, 2024

XAI Octagon Floating Rate & Alternative Income Trust provides diverse exposure to varying debt investments to below-investment-grade borrowers. XFLT has a high dividend yield of 14.9% and can be a valuable income producer. Net investment continues to support the distribution. Future interest rate cuts can provide relief to current borrowers, which will reduce defaults. Lower rates can also support higher valuation growth.

XFLT: Interest Rate Cuts May Be A Positive Growth Catalyst

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Before July 31, 2024, my REaders mentioned 38 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, readers commented about the ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN ReFa/Ro: FSK, PFE, VZ, PFS, PBR, ET, ESEA, EL, VALE, and NOAH averaged 41.06% net gains from reader data collected 8/14/24. Ten analyst-target-augured July TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: XOM, PBR, PFE, VZ, PFS, ET, ESEA, EL, VALE & NOAH, boasting a 33.38% average target price upside estimate.

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CHICAGO, July 18, 2024 (GLOBE NEWSWIRE) -- XA Investments (XAI), an alternative investment management and consulting firm, announced the pending transaction, by which XAI will become investment adviser to the Madison Covered Call & Equity Strategy Fund (NYSE: MCN), a $146 million listed closed-end fund. The agreement between XAI and MCN is subject to approval by MCN shareholders.

XA Investments to Become Investment Adviser to Madison Investments Closed-End Fund and Will Retain Madison Investments as Portfolio Manager

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Collateralized loan obligation closed-end fund preferreds and baby bonds can offer relatively secure sources of income generation for investors. These offerings are subject to stricter regulations under the 1940 Act, limiting leverage and that can provide more security to these instruments. New offerings since our last update include EICC and CCIA, which naturally came with higher issued yields thanks to the higher rate environment.

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I'm continuously building an income-producing farm with high-quality investments. I utilize hired hands and CEF portfolio managers to boost the output of my income farm. I don't believe in eating seed grain to survive - think of the future, not just the present.

Farming For Income With 14.3% Yield: XFLT

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Taxable bond CEF space value shrinking as discounts tighten. Opportunities exist, especially following activists. Focus on top-down assessment, cheap sectors, and specific funds like Cohen & Steers Select Preferred and Income.

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XAI Octagon Floating Rate & Alternative Income Trust continues to generate a high yield for income-focused investors as the yield comes in around 14.3%. The fund is on track to deliver higher net investment income compared to last year, which has provided strong coverage for the monthly distribution to investors. The fund benefits from a resilient economy and higher rates that have continued to lead to that higher cash flow the fund has been able to generate.

XFLT: 14.3% Income Yield Continues To Flow

CHICAGO--(BUSINESS WIRE)--XA Investments LLC (“XAI”), a Chicago-based alternative investment management and consulting firm, today announced that Kevin Davis, CFP®, has joined XAI as a Managing Director and Head of Sales & Distribution. Mr. Davis brings a wealth of alternative investment expertise to bear in leading XAI's distribution efforts in the interval fund and closed-end fund marketplace. Mr. Davis has more than 25 years of experience in the investment management industry, with a foc.

Kevin Davis Joins XA Investments as Head of Sales & Distribution

CHICAGO--(BUSINESS WIRE)--XAI Octagon Floating Rate & Alternative Income Trust (the “Trust”) (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 1,800,000 shares of the Trust's 6.95% Series II 2029 Convertible Preferred Shares due.

XAI Octagon Floating Rate & Alternative Income Trust Announces Agreement for Private Placement of Convertible Preferred Shares

XFLT.PR.A term preferred shares have been downgraded to Hold due to the security trading close to par and tight overall spreads in the credit markets. The current yield of the preferred shares is too low to buy, at only 6.6%, making it less attractive compared to other options. As the preferred shares near their maturity date in March 2026, they will become more of a cash parking vehicle with low duration, offering stability and predictability for investors.

XFLT.PR.A: With The Shares Close To Par, This Is A Hold Now (Rating Downgrade)

XAI Octagon Floating Rate & Alternative Income Trust is a closed-end fund that focuses on income generation through investing in private credit. The fund trades at a 4.9% premium to net asset value and offers a distribution ratio of 14.01%. The fund has raised capital through share issuance and convertible preferred stock, but there are concerns about its leverage ratio and long-term performance.

Why I Continue To Fade XFLT's Juicy 14.01% Distribution Rate

News for XAI Octagon Floating Rate & Alternative Income Term Trust ETF (XFLT)