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 September 3, 2019. The filing reports on a specific 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: September 16, 2019.
- Payment Date: October 1, 2019.
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.
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 ex-dividend date to determine eligibility for the $0.073 per share distribution.
- Confirm the record date of September 16, 2019, for shareholder eligibility.
- Review the full press release (Exhibit 99.1) for any additional context not summarized in the 8-K text.