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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

6.44

Mkt cap

375M

Volume

119K

High

6.44

P/E Ratio

6.36

52-wk high

7.30

Low

6.41

Div yield

0.16

52-wk low

6.29

XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) has announced its regular monthly distribution of $0.077 per share, payable on April 1, 2025, to shareholders of record as of March 17, 2025. The distribution amount remains unchanged from the previous month.

Portfolio Pulse from

March 03, 2025 | 9:30 pm

XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) will host its Q4 2024 Quarterly Webinar on March 5, 2025. The event will feature a Q&A session moderated by Kevin Davis with insights from Kimberly Flynn and Lauren Law.

Portfolio Pulse from

February 20, 2025 | 9:30 pm

XFLT and EIC are leveraged closed-end funds offering double-digit yields through CLO investments. XFLT combines CLOs with senior secured loans, while EIC focuses on junior debt tranches. Both are sensitive to interest rate changes, with XFLT recently cutting its distribution.

Portfolio Pulse from

February 19, 2025 | 5:00 pm

XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) has announced its regular monthly distribution of $0.077 per share, payable on March 3, 2025, to shareholders of record as of February 18, 2025. The distribution amount remains unchanged from the previous month.

Portfolio Pulse from

February 03, 2025 | 9:30 pm

XFLT has had disappointing total returns, but the fund has grown through new share issuance. Despite high leverage posing risks, a small position is being considered.

Portfolio Pulse from

January 22, 2025 | 3:15 pm

XAI Octagon Floating Rate & Alternative Income Trust (XFLT) is facing challenges due to potential interest rate cuts, which could lead to reduced net investment income and dividend payouts. The trust's focus on floating rate debt investments exposes it to risks from borrower defaults and leverage costs.

Portfolio Pulse from

January 12, 2025 | 2:00 pm

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

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