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XFLT

XAI Octagon Floating Rate & Alternative Income Term Trust

https://www.xainvestments.com/funds

Industry

Asset Management - Income

XAI Octagon Floating Rate Alternative Income Term Trust is a diversified, closed-end management investment company. It invests invests in a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within the private markets. The company was founded on September 27, 2017 and is headquartered in Chicago, IL.

Open

6.82

Mkt cap

397M

Volume

546K

High

6.84

P/E Ratio

6.73

52-wk high

7.76

Low

6.77

Div yield

0.14

52-wk low

6.53

XAI Octagon Floating Rate & Alternative Income Trust (XFLT) has been upgraded from hold to buy due to its premium aligning with similar funds, despite a recent distribution yield cut to 13.71%. Leverage stacking poses risks, but current market conditions and seasonality trends make it a reasonable short-term hold.

Portfolio Pulse from

December 12, 2024 | 11:15 am

XFLT.PR.A preferred shares offer a stable 6.4% yield, making them attractive in a monetary easing environment. The CEF portfolio includes leveraged loans, CLO debt, and CLO equity, providing diversified exposure and reduced volatility. Preferred shares have a fixed maturity in March 2026, ensuring minimal price volatility and stable dividends.

Portfolio Pulse from

December 11, 2024 | 1:30 pm

XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) has announced a monthly distribution of $0.077 per share, a 9.41% decrease from the previous month's $0.085. The distribution is payable on December 30, 2024, to shareholders of record as of December 16, 2024.

Portfolio Pulse from

December 02, 2024 | 9:30 pm

XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) will host its Q3 2024 Quarterly Webinar on December 6, 2024. The event will feature a Q&A session moderated by Kevin Davis with insights from Kimberly Flynn and Lauren Law.

Portfolio Pulse from

November 21, 2024 | 11:15 pm

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

Portfolio Pulse from

November 07, 2024 | 3:45 am

B. Riley Securities analyst Matt Howlett maintains a 'Buy' rating on XAI Octagon FR & Alt Inc (NYSE:XFLT) and raises the price target from $7.5 to $8.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 2:03 pm

XAI Octagon FR & Alt Inc (NYSE:XFLT) has announced a monthly dividend of 8.5 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 8.5 cents lower to reflect the payout. Shareholders owning XFLT as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 01, 2023.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 2:46 pm

B. Riley Securities analyst Matt Howlett maintains a Buy rating on XAI Octagon FR & Alt Inc (NYSE:XFLT) and lowers the price target from $8 to $7.5.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 12:45 pm

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