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 covers events occurring on January 2, 2020.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The primary financial disclosure is the declaration of a regular monthly distribution.
- Distribution Declared: $0.073 per share
- Record Date: January 16, 2020
- Payment Date: February 3, 2020
Material Changes
The filing reports the declaration of a regular monthly distribution. No material changes to the company's financial position, operations, or capital structure compared to prior periods are disclosed in this specific report.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, outlook, or discussion of risks and contingencies beyond the standard distribution announcement. No unusual items are reported.
Investor Verification Checklist
- Verify the ex-dividend date to determine eligibility for the $0.073 per share distribution.
- Confirm the record date of January 16, 2020, for shareholder eligibility.
- Review the full press release (Exhibit 99.1) for any additional context regarding the distribution policy.