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, on March 2, 2020. The report covers events 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 specific financial figure disclosed is the declaration of a regular monthly distribution of $0.073 per share on common shares.
Material Changes
- Management Change: The Trust announced a change to its Principal Financial Officer.
- Distribution Declaration: A regular monthly distribution of $0.073 per share was declared, payable on April 1, 2020, to shareholders of record as of March 17, 2020.
Guidance, Outlook, and Risks
The filing text does not provide management commentary on future guidance, outlook, specific risks, contingencies, or unusual items beyond the announcement of the personnel change and distribution.
Investor Verification Checklist
- Verify the identity and background of the new Principal Financial Officer.
- Confirm the record date (March 17, 2020) and payment date (April 1, 2020) for the $0.073 per share distribution.
- Review the full press release (Exhibit 99.1) for additional context regarding the management transition.