Closed End Fund Advisors Inc. Acquires New Shares in XAI Octagon Floating Rate & Alternative Income Trust $XFLT

Closed End Fund Advisors Inc. acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 232,964 shares of the company’s stock, valued at approximately $1,118,000.

Several other hedge funds have also recently bought and sold shares of the company. Pathstone Holdings LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust in the 3rd quarter valued at approximately $6,286,000. Matisse Capital increased its stake in XAI Octagon Floating Rate & Alternative Income Trust by 250.4% in the 4th quarter. Matisse Capital now owns 920,000 shares of the company’s stock valued at $4,416,000 after purchasing an additional 657,473 shares in the last quarter. Cresset Asset Management LLC increased its stake in XAI Octagon Floating Rate & Alternative Income Trust by 160.6% in the 3rd quarter. Cresset Asset Management LLC now owns 725,803 shares of the company’s stock valued at $3,898,000 after purchasing an additional 447,255 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in XAI Octagon Floating Rate & Alternative Income Trust by 3.8% in the 4th quarter. J.W. Cole Advisors Inc. now owns 451,667 shares of the company’s stock valued at $2,168,000 after purchasing an additional 16,327 shares in the last quarter. Finally, Consolidated Portfolio Review Corp increased its stake in XAI Octagon Floating Rate & Alternative Income Trust by 5.6% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 298,828 shares of the company’s stock valued at $1,584,000 after purchasing an additional 15,780 shares in the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Stock Down 1.1%

NYSE XFLT opened at $18.09 on Friday. XAI Octagon Floating Rate & Alternative Income Trust has a 1-year low of $14.92 and a 1-year high of $28.90. The business has a 50 day moving average price of $18.18 and a 200 day moving average price of $20.07.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a $0.225 dividend. This represents a c) annualized dividend and a yield of 14.9%. The ex-dividend date of this dividend is Monday, June 15th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is presently 600.00%.

XAI Octagon Floating Rate & Alternative Income Trust Company Profile

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.