CHICAGO–(BUSINESS WIRE)–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 June 3, 2019 to common
shareholders of record as of May 15, 2019, as noted below. The amount of
the distribution represents a 5.8% increase from the previous month’s
distribution amount of $0.069 per share.
The following dates apply to today’s monthly distribution declaration:
|Ex-Dividend Date||May 14, 2019|
|Record Date||May 15, 2019|
|Payable Date||June 3, 2019|
|Amount||$0.073 per common share|
|Change from Previous Month||5.8% increase|
Distributions on common shares are generally paid from net investment
income (regular interest and dividends) and may also include capital
gains and/or a return of capital. The specific tax characteristics of
the distributions will be reported to the Trust’s common shareholders on
Form 1099 after the end of the 2019 calendar year. For further
information regarding the Trust’s distributions, please visit www.xainvestments.com.
The Trust’s common shares are traded on the New York Stock Exchange
under the symbol “XFLT.”
About XA Investments
XA Investments (“XAI”) is a Chicago-based firm founded by XMS Capital
Partners in April, 2016. XAI believes that the investing public can
benefit from new vehicles to access a broad range of alternative
investment strategies and managers. XAI provides individual investors
with access to institutional-caliber alternative managers. It will
partner with established asset managers with proven capabilities in
alternative credit, private debt and select hedge fund strategies.
About XMS Capital Partners
XMS Capital Partners, established in 2006, is a global, independent,
financial services firm providing M&A, corporate advisory and asset
management services to clients. It has offices in Chicago, Boston,
London and Dublin. For more information, please visit www.xmscapital.com.
About Octagon Credit Investors
Octagon is a 20+ year old, below-investment grade corporate credit
investment adviser based in New York with approximately $22.3 billion in
assets under management as of March 31, 2019. Octagon focuses on
leveraged loans, high yield bonds and structured credit. Through
fundamental credit analysis and active portfolio management, Octagon’s
investment team identifies attractive relative value opportunities
across below-investment grade asset classes, sectors and issuers.
Octagon’s investment philosophy and methodology encourage and rely upon
dynamic internal communication to manage portfolio risk. Over its
history, the firm has applied a disciplined, repeatable and scalable
approach in its effort to generate attractive risk-adjusted returns to
its investors. For more information, please visit www.octagoncredit.com.
XAI does not provide tax advice; consult a professional tax advisor
regarding your specific tax situation. Income may be subject to state
and local taxes, as well as the federal alternative minimum tax.
Investors should consider the investment objectives and policies, risk
considerations, charges and expenses of the Trust carefully before
investing. For more information on the Trust, please visit the Trust’s
webpage at www.xainvestments.com.
This press release shall not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such offer or solicitation or sale
would be unlawful prior to registration or qualification under the laws
of such state or jurisdiction.
|NOT FDIC INSURED||NO BANK GUARANTEE||MAY LOSE VALUE|
Hank Hakewill, Hakewill & Associates
847-256-5420 (office); 847-714-6561 (cell)