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 the date of July 1, 2020, 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: July 15, 2020.
- Payment Date: August 3, 2020.
Material Changes
The filing does not disclose material changes in financial performance, assets, or liabilities compared to prior periods. The report is limited to the announcement of the scheduled distribution event.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, outlook, or discussion of risks and contingencies. It strictly reports the administrative event of the distribution declaration.
Investor Verification Checklist
- Verify the record date (July 15, 2020) to confirm eligibility for the $0.060 per share distribution.
- Confirm the payment date of August 3, 2020, for cash flow planning.
- Review the referenced press release (Exhibit 99.1) for any additional context not included in the 8-K text.
- Note that this filing does not contain updated financial performance data; refer to the most recent 10-K or 10-Q for comprehensive metrics.