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 June 1, 2020. The filing reports a 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 declaration:
- Monthly Distribution: $0.060 per share.
- Record Date: June 16, 2020.
- Payment Date: July 1, 2020.
Material Changes
The filing does not report material changes to financial performance, assets, or liabilities compared to prior periods. The sole material event is the scheduled declaration of the regular monthly distribution.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, outlook, or discussion of risks and contingencies. It strictly serves to announce the distribution details as referenced in the attached press release (Exhibit 99.1).
Investor Verification Checklist
- Verify the record date of June 16, 2020, to confirm eligibility for the $0.060 per share distribution.
- Confirm the payment date of July 1, 2020, for cash flow planning.
- Note that this filing does not contain updated financial performance data; refer to the most recent quarterly or annual report for revenue and asset details.