XAI Octagon Floating Rate & Alternative Income Trust (XFLT) To Go Ex-Dividend on September 15th

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.225 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 14.2%. The ex-dividend date is Tuesday, September 15th.

XAI Octagon Floating Rate & Alternative Income Trust Trading Up 0.4%

NYSE XFLT opened at $18.98 on Thursday. XAI Octagon Floating Rate & Alternative Income Trust has a fifty-two week low of $14.92 and a fifty-two week high of $28.50. The stock has a 50 day simple moving average of $18.44 and a two-hundred day simple moving average of $18.03.

XAI Octagon Floating Rate & Alternative Income Trust Company Profile

XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) is a closed-end management investment company that seeks to provide current income by investing primarily in floating-rate senior secured debt and credit-related securities. The fund’s portfolio is constructed to offer exposure to corporate floating-rate loans, collateralized loan obligations (CLOs) and other structured credit instruments, with the goal of generating attractive risk-adjusted yields across changing interest-rate environments.

Advised by XAI Asset Management, LLC and sub-advised by Octagon Credit Investors, the trust combines the credit selection capabilities of both firms to identify opportunities in North American corporate credit markets.