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 covers events occurring on January 2, 2019.
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 declaration of a regular monthly distribution.
- Monthly Distribution: $0.069 per share on common shares.
- Payment Date: February 1, 2019.
- Record Date: January 15, 2019.
Material Changes
The filing reports the declaration of a regular monthly distribution. No material changes to operations, financial position, or capital structure compared to prior periods are detailed in this specific report.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, outlook, or discussion of risks and contingencies beyond the standard disclosure of the distribution event.
Investor Verification Checklist
- Verify the record date of January 15, 2019, to confirm eligibility for the $0.069 per share distribution.
- Confirm the payment date of February 1, 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 summary text.