Business Context and Reporting Period
This Form 8-K is a current report filed by XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT), a closed-end fund incorporated in Delaware. The report date is March 1, 2018, covering the declaration of a regular monthly distribution.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial data disclosed is the distribution declaration:
- Monthly Distribution: $0.069 per share
- Record Date: March 15, 2018
- Payment Date: April 2, 2018
Material Changes
The filing does not disclose material changes in financial performance, asset composition, or operational status compared to prior periods. The report is limited to the routine announcement of the monthly dividend.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It serves solely to notify shareholders of the distribution details as outlined in the attached press release (Exhibit 99.1).
Investor Verification Checklist
- Verify the ex-dividend date to determine eligibility for the $0.069 per share payment.
- Confirm the record date of March 15, 2018, for shareholder eligibility.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the distribution policy.
- Note that this filing does not contain updated financial performance data; refer to the most recent 10-K or 10-Q for comprehensive metrics.