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 February 1, 2018, covering the declaration of a regular monthly distribution.
Key Financial Metrics
The filing discloses the following specific financial metric:
- Monthly Distribution: $0.069 per share on common shares.
- Payment Date: March 1, 2018.
- Record Date: February 15, 2018.
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
This report does not detail material changes in financial performance versus prior periods. It solely announces the routine declaration of the monthly distribution.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or contingencies beyond the standard distribution announcement. No unusual items are reported.
Investor Verification Checklist
- Verify the record date of February 15, 2018, to confirm eligibility for the $0.069 per share distribution.
- Confirm the payment date of March 1, 2018, for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the distribution policy.