Business Context and Reporting Period
This Form 8-K was filed by XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) on August 3, 2020. The registrant is a closed-end fund incorporated in Delaware. The report primarily addresses 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: $0.060 per share.
- Record Date: August 18, 2020.
- Payment Date: September 1, 2020.
Material Changes
The filing does not report material changes in financial performance, operations, or capital structure compared to prior periods. It serves solely to announce the scheduled distribution event.
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 payment schedule.
Investor Verification Checklist
- Verify the record date (August 18, 2020) to confirm eligibility for the $0.060 per share distribution.
- Confirm the payment date of September 1, 2020, for cash flow planning.
- Note that this filing does not contain updated financial performance data; refer to the most recent quarterly or annual report for revenue and asset details.