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

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.225 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 15.0%. The ex-dividend date is Wednesday, July 15th.

XAI Octagon Floating Rate & Alternative Income Trust Stock Down 0.1%

Shares of XAI Octagon Floating Rate & Alternative Income Trust stock opened at $18.00 on Monday. XAI Octagon Floating Rate & Alternative Income Trust has a 52 week low of $14.92 and a 52 week high of $28.50. The business’s fifty day simple moving average is $18.23 and its 200-day simple moving average is $19.13.

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.