Summary
XFLT Chart
XFLT Advisor Adjournment Shifts Likely Outcome Toward Toward Liquidation At NAV
Liquidation at 100% NAV is newly a real possibility for XAI Floating Rate & Alternative Income Trust if the Board does not provide a plan that gets 67% support for a permanent sub-Advisor/Advisor plan. XFLT continues to trade at a steep discount, around 80% of net asset value, fueling shareholder frustration that were not sufficiently served by the current liquidity plan. The board can retain King Street for only 150 days without a 67% shareholder vote, but pressure is mounting for more ambitious shareholder demands.
Weekly Closed-End Fund Roundup: Battle Heats Up For XFLT, RQI Rights Offering Results (July 19, 2026)
Closed-end funds saw broad weakness, with only 3 of 26 sectors positive on price and an average price return of -1.10%. Real Estate led sector performance both on price (+1.30%) and NAV (+2.08%), while Asia Equity and Commodities lagged. Notable corporate actions included RQI's $154M rights offering and JOF's 10% tender offer at 98% of NAV.
XAI Floating Rate & Alternative Income Trust (XFLT) Octagon Xai Clo Income Fund - Shareholder/Analyst Call Prepared Remarks Transcript
XAI Floating Rate & Alternative Income Trust (XFLT) Octagon Xai Clo Income Fund - Shareholder/Analyst Call Prepared Remarks Transcript
XAI Octagon Floating Rate & Alternative Income Trust Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| PER Paul E. Rasmussen SIT INVESTMENT ASSOCIATES Inc. | 632,994 | $10.87M | $12.01M | $1.13M | 10.42% |
| ABB Alexander Bjornager Bonde Danske Bank A/S | 1 | $17 | $18.97 | $1.97 | 11.59% |
 Bulldog Investors Bulldog Investors LLP | 316,500 | $5.5M | $6.1M | $602,456.4 | 10.95% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 2,916 | $50,096.88 | $55,360.26 | $5,263.38 | 10.51% |
| MC mike Chen Byrne Asset Management LLC | 200 | $8,920 | $3,762 | -$5,158 | -57.83% |
XAI Octagon Floating Rate & Alternative Income Trust (XFLT) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has XAI Octagon Floating Rate & Alternative Income Trust ever had a stock split?
XAI Octagon Floating Rate & Alternative Income Trust Profile
| NYSE Exchange | US Country |
Overview
The XAI Octagon Floating Rate & Alternative Income Term Fund is a closed-end investment fund explicitly designed to generate high current income while aiming for capital preservation. By primarily investing in senior secured loans and structured products, the fund seeks to provide investors with an alternative income stream, relatively insulated from interest rate fluctuations. This focus on floating rate loans and credit-sensitive instruments positions the fund as a valuable option for income-seeking investors looking to diversify their portfolios with managed credit market exposure.
Products and Services
- Senior Secured Loans
The fund invests in senior secured loans, which are floating rate loans made to corporations. These loans have rates that adjust in line with market interest rates, thus potentially offering protection against the risk of rising rates. By allocating capital to these assets, the fund aims to maintain a steady stream of income, benefiting from the senior position of these loans in the case of default.
- Structured Products (Collateralized Loan Obligations - CLOs)
Structured products, particularly Collateralized Loan Obligations (CLOs), form a significant part of the fund's investment strategy. CLOs are securities backed by a pool of debt, often comprising corporate loans with varying degrees of credit quality. Investing in CLOs offers the fund exposure to a diversified portfolio of loans, managed by seasoned professionals, thus aiming for yield enhancement and risk mitigation.
- High-Yield Corporate Debt
The fund also allocates a portion of its portfolio to high-yield corporate debt, seeking to capitalize on the higher returns offered by these riskier credit instruments. High-yield bonds, or "junk" bonds, provide a significant yield advantage over investment-grade bonds, compensating for their higher risk. This strategy aims to enhance the fund's overall yield through careful selection and risk management.
