XAI Octagon Floating Rate & Alternative Income Term Trust

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

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.

Kimberly Flynn Promoted to President of XA Investments LLC

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.

XFLT: Fund Your Retirement Income With This 14% Yielding CEF

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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Prior to February 29, 2024 my REaders mentioned 32 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: KVUE, PARA, OXLC, VZ,TPVC, O, PFE, FSC, RC, and EFC averaged 22.56% net gains from reader data collected 3/20/23. Ten analyst-target-augured February TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: FSK, TTE, CVX, VZ, KVUE, PARA, PFE, RC, O, & EFC boasting a 15.5% average target price upside estimate.

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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 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,.

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 (XFLT) Q4 2023 Earnings Call Transcript

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Prior to January 31, 2024 my REaders mentioned 37 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: KVUE, PFE, TTE, DHT, F, EFC, EURN, RC, XOM, and ORC averaged 34.48% net gains from reader data collected 1/23/23. Ten analyst-target-augured January TOP-PRICE-UPSIDE reader favorites & rogues (ReFa/Ro) were: PFE, MMM, KMI, O, MDV, KVUE, EFC, ACRE, RC & ORC boasting a 29.93% average target price upside estimate.

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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.

XAI Octagon Floating Rate & Alternative Income Trust Will Host Q4 2023 Quarterly Webinar on February 29, 2024

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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.

Enjoy Monthly Income From 2 Top-Notch Opportunities

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.

XAI Octagon Floating Rate & Alternative Income Trust Announces Registered Direct Placement of Common Shares

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.

XFLT: A High Income Alternative Yield Play

CHICAGO--(BUSINESS WIRE)--XAI Octagon Floating Rate & Alternative Income Term Trust (the “Trust”) (NYSE: XFLT) announced that its shareholders have approved two important proposals at the reconvened special meeting of shareholders (the “Special Meeting”) held today. At the Special Meeting, shareholders approved the following: An amendment to the Trust's Second Amended and Restated Declaration of Trust (the “Term Amendment”) to eliminate the Trust's termination date of December 31, 2029 and.

XAI Octagon Floating Rate & Alternative Income Term Trust Announces Shareholder Approval of Important Proposals

CHICAGO--(BUSINESS WIRE)--XAI Octagon Floating Rate & Alternative Income Term 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 announced today portfolio management changes. Effective January 1, 2024, Lauren Law, CFA, Senior Portfolio Manager at Octagon Credit Investors (“Octagon”), and a member of the firm.

XAI Octagon Floating Rate & Alternative Income Term Trust Announces Portfolio Management Change

CHICAGO--(BUSINESS WIRE)--XAI Octagon Floating Rate & Alternative Income Term 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 Decla.

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

CHICAGO--(BUSINESS WIRE)--XAI Octagon Floating Rate & Alternative Income Term Trust (the “Trust”) (NYSE: XFLT) announced today that its special meeting of shareholders (the “Special Meeting”) has been adjourned to January 24, 2024 at 10:00 a.m. Central time with respect to all proposals to allow more time for shareholders to vote. At the Special Meeting, Trust shareholders are being asked (i) to approve a new investment sub-advisory agreement among the Trust, XA Investments LLC and Octagon.

XAI Octagon Floating Rate & Alternative Income Term Trust Adjourns Special Meeting of Shareholders to Permit Further Solicitation of Proxies

XAI Octagon Floating Rate & Alternative Income Term Trust is a fixed income CEF investing in leveraged loans, CLO debt and CLO equity. The 6.50% Series 2026 Term Preferred Shares are a bond equivalent with a defined maturity date, making them a consideration for investors seeking safer returns. The preferred shares have a March 2026 maturity date, providing certainty for the return of principal, and offer a yield to maturity of 7.68% with ample asset coverage.

XFLT.PR.A: Get A 7.68% Yield From This Bond Equivalent

We review CEF market valuation and performance through the first week of December and highlight recent market action. CEFs had a good week with rising NAVs due to falling Treasury yields and higher stock prices. The XAI Octagon Floating Rate & Alternative Income Term Trust is proposing to convert into a perpetual fund, highlighting the ease of changing a fund's term structure.

CEF Weekly Review: Term CEFs Don't Always Deliver (On The Term Feature)

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Preferreds Weekly Review: Term Preferreds Deliver On The Promise

CHICAGO--(BUSINESS WIRE)--XAI Octagon Floating Rate & Alternative Income Term 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 28, 2023, to common shareholders of record as of December 15, 2023, 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.

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

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE:XFLT ) Q3 2023 Earnings Conference Call November 30, 2023 10:30 AM ET Company Participants Kimberly Flynn - Managing Director, XA Investments Steven Perry - Vice President, XA Investments Lauren Law - Portfolio Manager Gretchen Lam - Senior Portfolio Manager, Octagon Kimberly Flynn [Call Starts Abruptly] XFLT quarterly webinar. We're really pleased to be in front of you.

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) Q3 2023 Earnings Call Transcript

Closed-end funds are currently trading at deep discounts to net asset value, offering potential opportunities for investors. XAI Octagon FR & Alt Income Term Trust is a fund that focuses on income generation through floating-rate credit instruments and private credit. The fund is trading at a premium to net asset value, but there are concerns about the sustainability of its high distribution rate and the potential impact of rising interest rates on defaults.

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