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, 2018, covering the declaration of a regular monthly distribution.
Key Financial Metrics
The filing focuses on distribution activity rather than comprehensive financial performance metrics.
- Distribution Declared: $0.069 per share.
- Record Date: May 15, 2018.
- Payment Date: June 1, 2018.
- Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide clear values for these metrics.
Material Changes
The filing does not disclose material changes to financial position, operations, or capital structure compared to prior periods. It solely reports the routine declaration of a monthly distribution.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the standard disclosure of the distribution event.
Investor Verification Checklist
- Verify the ex-dividend date to ensure eligibility for the $0.069 per share distribution.
- Confirm the record date of May 15, 2018, for shareholder eligibility.
- Review the full press release (Exhibit 99.1) for any additional context regarding the distribution source (e.g., income vs. return of capital).