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 Monday, August 3rd. Shareholders of record on Monday, August 17th will be paid a dividend of 0.225 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 14.4%. The ex-dividend date of this dividend is Monday, August 17th.

XAI Octagon Floating Rate & Alternative Income Trust Stock Down 0.4%

XFLT opened at $18.74 on Tuesday. XAI Octagon Floating Rate & Alternative Income Trust has a 1 year low of $14.92 and a 1 year high of $28.50. The stock has a 50-day moving average price of $17.89 and a 200-day moving average price of $18.50.

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.