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

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) declared a monthly dividend on Friday, May 29th. Investors of record on Monday, June 15th will be paid a dividend of 0.225 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 15.0%. The ex-dividend date of this dividend is Monday, June 15th.

XAI Octagon Floating Rate & Alternative Income Trust Stock Up 0.5%

Shares of XFLT stock opened at $17.97 on Friday. The business’s fifty day simple moving average is $18.28 and its 200-day simple moving average is $19.92. XAI Octagon Floating Rate & Alternative Income Trust has a 12-month low of $14.92 and a 12-month high of $28.65.

About XAI Octagon Floating Rate & Alternative Income Trust

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.