XAI Octagon Floating Rate & Alternative Income Trust to Issue Monthly Dividend of $0.23 (NYSE:XFLT)

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.225 per share on Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 15.3%. The ex-dividend date of this dividend is Wednesday, July 15th.

XAI Octagon Floating Rate & Alternative Income Trust Stock Up 0.6%

NYSE:XFLT opened at $17.66 on Thursday. The company has a 50 day moving average price of $18.28 and a 200 day moving average price of $19.38. XAI Octagon Floating Rate & Alternative Income Trust has a fifty-two week low of $14.92 and a fifty-two week high of $28.60.

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.