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 October 1, 2019, covering 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: October 15, 2019
- Payment Date: November 1, 2019
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. The document strictly serves to announce the distribution event referenced in Item 8.01.
Investor Verification Checklist
- Verify the ex-dividend date to determine eligibility for the $0.073 per share distribution.
- Confirm the record date of October 15, 2019, for shareholder eligibility.
- Review the full press release (Exhibit 99.1) for any additional context regarding the distribution policy.
- Note that this filing does not contain updated portfolio performance or net asset value (NAV) data.