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 August 1, 2018.
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: $0.069 per share
- Record Date: August 15, 2018
- Payment Date: September 4, 2018
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.
Investor Verification Checklist
- Verify the ex-dividend date for the $0.069 per share distribution.
- Confirm the record date of August 15, 2018, to ensure eligibility for the September 4, 2018 payment.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the distribution policy.