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 May 1, 2019, 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 figure disclosed is the distribution declaration:
- Monthly Distribution: $0.073 per share on common shares.
- Record Date: May 15, 2019.
- Payment Date: June 3, 2019.
Material Changes
The filing reports the declaration of a regular monthly distribution. No material changes to the Trust's financial position, operations, or capital structure compared to prior periods are disclosed in this specific report.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, outlook, or discussion of risks and contingencies. The document is limited to the notification of the distribution event and the inclusion of the associated press release as an exhibit.
Investor Verification Checklist
- Verify the record date (May 15, 2019) to confirm eligibility for the $0.073 per share distribution.
- Confirm the payment date of June 3, 2019, for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the distribution policy not included in the 8-K text.
- Note that this filing does not contain updated financial performance data; refer to the most recent 10-K or 10-Q for revenue and asset details.