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 September 1, 2020. The report addresses a specific corporate event regarding 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 amount.
- Monthly Distribution: $0.060 per share.
- Record Date: September 15, 2020.
- Payment Date: October 1, 2020.
Material Changes
The filing does not report material changes in financial performance, asset composition, or debt levels compared to prior periods. The sole material event is the declaration of the scheduled 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. No unusual items are reported.
Investor Verification Checklist
- Verify the ex-dividend date to determine eligibility for the $0.060 per share distribution.
- Confirm the record date of September 15, 2020, for shareholder eligibility.
- Review the attached press release (Exhibit 99.1) for any additional context not included in the 8-K text.
- Check subsequent filings for the actual payment confirmation on October 1, 2020.