|Bid||8.08 x 2200|
|Ask||9.45 x 900|
|Day's Range||8.19 - 8.24|
|52 Week Range||7.96 - 9.68|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.88 (10.94%)|
|Ex-Dividend Date||Dec 11, 2019|
|1y Target Est||N/A|
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 common shares of beneficial interest (“Common Shares”) pursuant to the Fund’s effective shelf registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”). The Trust agreed to sell 960,000 Common Shares at a price to the public of $8.36 per Common Share. In addition, the Trust has granted the underwriters a 45-day option to purchase up to 144,000 additional Common Shares to cover over-allotments, if any.
XAI Octagon Floating Rate & Alternative Income Term Trust has declared its regular monthly distribution of $0.073 per share on the Trust’s common shares, payable on June 3, 2019 to common shareholders of record as of May 15, 2019, as noted below.