XAI Octagon Floating Rate & Alternative Income Term Trust Aktie News

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs w...

April turned out to be a little more exciting, with the broader equity market pulling back. This helped to create some added volatility that saw discounts widen in some closed-end funds. Every month I put some money to work in an effort to grow my monthly cash flow over time.

XAI Octagon Floating Rate & Alternative Income Trust (XFLT) offers a high 14% dividend yield, with distributions issued monthly. The fund invests in floating rate credit instruments, primarily CLO equity and CLO debt. The combination of high inflation and a strong labor market means we are likely to see higher rates for longer.

CHICAGO--(BUSINESS WIRE)--XAI Octagon Floating Rate & Alternative Income Trust (the “Trust”) has declared its regular monthly distribution of $0.085 per share on the Trust's common shares (NYSE: XFLT), payable on June 3, 2024, to common shareholders of record as of May 16, 2024, as noted below. The amount of the distribution represents no change from the previous month's distribution amount of ...

Inflation is keeping the need for Fed rate cuts at bay, benefiting funds with higher floating-rate security investment exposure. Ares Dynamic Credit Allocation Fund and XAI Octagon Floating Rate & Alternative Income Trust are two funds that can continue to generate higher income in the current environment. ARDC and XFLT offer attractive yields of 10%+, and even more importantly, these distribut...

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For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns.

CHICAGO--(BUSINESS WIRE)--XA Investments LLC (“XAI”), a Chicago-based alternative investment management and consulting firm, today announced that Kimberly Flynn, CFA, has expanded her leadership role at the firm with her promotion to President. Ms. Flynn was a member of the founding leadership team for XAI, helping launch the firm in 2016 as Managing Director where she built XAI's proprietary c...