XAI Octagon Floating Rate & Alternative Income Trust: 1-for-5 reverse stock split, effective date

XAI Octagon Floating Rate & Alternative Income Trust: 1-for-5 reverse stock split, effective date

XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) has declared a regular monthly distribution of $0.060 per share for common shareholders, payable on April 1, 2026, to shareholders of record as of March 16, 2026. The distribution amount remains unchanged from the prior month. The Trust emphasizes that distributions may be sourced from net investment income, capital gains, or a return of capital, with tax characteristics to be detailed in 2026 Form 1099 reports.

The Trust's investment strategy focuses on generating income through a dynamically managed portfolio of floating rate credit instruments and structured credit investments, with at least 80% of Managed Assets allocated to such opportunities under normal market conditions. Managed by XA Investments LLC and sub-advised by Octagon Credit Investors, the Trust seeks to balance income generation with risk management across credit cycles.

No reference to a 1-for-5 reverse stock split or related effective date was identified in the provided materials. Future distributions remain subject to Board approval, contingent on factors including financial performance, compliance with senior security covenants, and liquidity needs. Investors are advised to consult tax professionals for guidance on distribution implications, as returns of capital may affect future tax liabilities.

For further details, visit the Trust's website at www.xainvestments.com according to the Trust's press release.

(https://finance.yahoo.com/news/xai-octagon-floating-rate-alternative-211500313.html): XAI Octagon Floating Rate & Alternative Income Trust press release, March 2, 2026.