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XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT)

NYSE - NYSE Delayed Price. Currency in USD
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9.02+0.03 (+0.33%)
At close: 4:00PM EDT
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Commodity Channel Index

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Previous Close8.99
Open9.00
Bid8.85 x 800
Ask9.08 x 1200
Day's Range8.95 - 9.07
52 Week Range5.27 - 9.48
Volume142,918
Avg. Volume156,865
Market Cap165.331M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.88 (9.74%)
Ex-Dividend DateJun 14, 2021
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • XAI Octagon Floating Rate & Alternative Income Term Trust Declares its Monthly Distribution of $0.073 per Share
    Business Wire

    XAI Octagon Floating Rate & Alternative Income Term Trust Declares its Monthly Distribution of $0.073 per Share

    XAI Octagon Floating Rate & Alternative Income Term Trust ("XFLT" or the "Trust") has declared its regular monthly distribution of $0.073 per share on the Trust’s common shares, payable on July 1, 2021 to common shareholders of record as of June 15, 2021, as noted below. The amount of the distribution represents no change from the previous month's distribution amount.

  • XAI Octagon Floating Rate & Alternative Income Term Trust Will Host Q1 2021 Quarterly Webinar on May 27, 2021
    Business Wire

    XAI Octagon Floating Rate & Alternative Income Term Trust Will Host Q1 2021 Quarterly Webinar on May 27, 2021

    XAI Octagon Floating Rate & Alternative Income Term Trust ("XFLT" or the "Trust") today announced that it plans to host the Trust’s Quarterly Webinar on May 27, 2021 at 11:00 am (Eastern Time). The Trust will discuss the three-month period ending March 31, 2021. Robert Chenoweth, Vice President of Internal Sales at XA Investments ("XAI") will moderate the Q&A style webinar with Kimberly Flynn, Managing Director at XAI, and Gretchen Lam, Senior Portfolio Manager at Octagon Credit Investors.

  • XAI Octagon Floating Rate & Alternative Income Term Trust Prices Public Offering of Preferred Shares
    Business Wire

    XAI Octagon Floating Rate & Alternative Income Term Trust Prices Public Offering of Preferred Shares

    XAI Octagon Floating Rate & Alternative Income Term Trust (the "Trust") (NYSE: XFLT), a diversified, closed-end management investment company with an investment objective to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle, has priced its previously announced underwritten public offering of its newly designated 6.50% Series 2026 Term Preferred Shares (the "Preferred Shares") pursuant to the Trust’s effective shelf registration statement filed with the U.S. Securities and Exchange Commission (the "SEC"). The Trust agreed to sell 1,040,000 Preferred Shares at a price to the public of $25.00 per Preferred Share, raising $26 million in gross proceeds. In addition, the Trust has granted the underwriters a 30-day option to purchase up to 156,000 additional Preferred Shares to cover over-allotments, if any. The Company has applied to list the Preferred Shares on the New York Stock Exchange and expects trading to commence thereon within 30 days after March 29, 2021 under the symbol "XFLTPRA."