SEC Filing Summary: XAI Octagon Floating Rate & Alternative Income Term Trust
Business Context and Reporting Period
This Form 8-K was filed on July 2, 2018, by XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT), a closed-end fund incorporated in Delaware. The report addresses a specific corporate event occurring on the filing date.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial figure disclosed is the declaration of a regular monthly distribution of $0.069 per share on common shares.
Material Changes
The primary material event reported is the declaration of the monthly distribution. There are no reported changes to the company's capital structure, operations, or financial position other than this distribution announcement.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. The document is limited to the notification of the distribution payment details.
Key Facts for Investor Verification
- Distribution Amount: $0.069 per share.
- Record Date: July 16, 2018.
- Payment Date: August 1, 2018.
- Security Type: Common shares of a closed-end fund.
- Missing Data: The filing text does not provide a clear value for total assets, liabilities, or net income.