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 February 3, 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: $0.073 per share
- Record Date: February 19, 2020
- Payment Date: March 2, 2020
Material Changes
The filing does not disclose material changes in financial performance, assets, or liabilities compared to prior periods. The sole reported event is the routine declaration of the monthly distribution.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, outlook, or discussion of risks and contingencies beyond the standard disclosure of the distribution event.
Investor Verification Checklist
- Verify the record date of February 19, 2020, to confirm eligibility for the $0.073 per share distribution.
- Confirm the payment date of March 2, 2020, for cash flow planning.
- Note that this filing does not contain updated financial performance data; refer to the most recent 10-K or 10-Q for comprehensive financial metrics.