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 April 2, 2018, covering the declaration of a regular monthly distribution.
Key Financial Metrics
The filing focuses on distribution activity rather than comprehensive financial performance metrics. Specific data points include:
- Monthly Distribution: $0.069 per share.
- Record Date: April 16, 2018.
- Payment Date: May 1, 2018.
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity positions.
Material Changes
No material changes to financial performance or operations are reported in this document. The filing serves solely to announce the scheduled distribution declaration.
Guidance, Outlook, and Risks
The document contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It is a procedural announcement regarding shareholder distributions.
Investor Verification Checklist
- Verify the record date of April 16, 2018, to confirm eligibility for the $0.069 per share distribution.
- Confirm the payment date of May 1, 2018, for cash flow planning.
- Review the referenced press release (Exhibit 99.1) for any additional context not included in the 8-K summary.