XFLT: Floating Rate Debt Is Now At 16% Yield
The XAI Octagon Floating Rate & Alternative Income Trust is a high-yield, high-risk closed-end fund primarily invested in senior secured debt and CLO equity. XFLT offers a 16% yield driven by floating rate assets, benefiting from rate hikes but exposed to volatility and market beta. Key risks include high expense ratios, trading at a premium, and significant volatility compared to similar CEFs.
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XFLT Strongly Beats Loan And Bond Funds, Yields 15%
Stop using weaker passive peers and unlock higher returns and income from actively managed funds. XAI Octagon Floating Rate & Alternative Income Trust offers income to the tune of 15% paid in monthly distributions. Get cash, and use it as you desire!
XFLT: Interest Rate Cuts May Be A Positive Growth Catalyst
XAI Octagon Floating Rate & Alternative Income Trust provides diverse exposure to varying debt investments to below-investment-grade borrowers. XFLT has a high dividend yield of 14.9% and can be a valuable income producer. Net investment continues to support the distribution. Future interest rate cuts can provide relief to current borrowers, which will reduce defaults. Lower rates can also support higher valuation growth.
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XFLT: 14.3% Income Yield Continues To Flow
XAI Octagon Floating Rate & Alternative Income Trust continues to generate a high yield for income-focused investors as the yield comes in around 14.3%. The fund is on track to deliver higher net investment income compared to last year, which has provided strong coverage for the monthly distribution to investors. The fund benefits from a resilient economy and higher rates that have continued to lead to that higher cash flow the fund has been able to generate.
XFLT.PR.A: With The Shares Close To Par, This Is A Hold Now (Rating Downgrade)
XFLT.PR.A term preferred shares have been downgraded to Hold due to the security trading close to par and tight overall spreads in the credit markets. The current yield of the preferred shares is too low to buy, at only 6.6%, making it less attractive compared to other options. As the preferred shares near their maturity date in March 2026, they will become more of a cash parking vehicle with low duration, offering stability and predictability for investors.
Why I Continue To Fade XFLT's Juicy 14.01% Distribution Rate
XAI Octagon Floating Rate & Alternative Income Trust is a closed-end fund that focuses on income generation through investing in private credit. The fund trades at a 4.9% premium to net asset value and offers a distribution ratio of 14.01%. The fund has raised capital through share issuance and convertible preferred stock, but there are concerns about its leverage ratio and long-term performance.
Private Advisor Group LLC Buys 10,356 Shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)
Private Advisor Group LLC lifted its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT – Free Report) by 16.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,466 shares of the company’s stock after acquiring an additional 10,356 shares during the quarter. Private Advisor Group LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $510,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other hedge funds and other institutional investors also recently made changes to their positions in XFLT. Kestra Private Wealth Services LLC lifted its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 8.6% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 18,850 shares of the company’s stock worth $131,000 after purchasing an additional 1,500 shares during the period. Commonwealth Equity Services LLC lifted its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 6.4% in the third quarter. Commonwealth Equity Services LLC now owns 38,344 shares of the company’s stock valued at $266,000 after buying an additional 2,290 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in XAI Octagon Floating Rate & Alternative Income Trust by 3.5% during the third quarter. B. Riley Wealth Advisors Inc. now owns 68,860 shares of the company’s stock valued at $484,000 after acquiring an additional 2,331 shares during the last quarter. CoreCap Advisors LLC boosted its position in XAI Octagon Floating Rate & Alternative Income Trust by 22.4% during the fourth quarter. CoreCap Advisors LLC now owns 20,200 shares of the company’s stock valued at $144,000 after acquiring an additional 3,700 shares during the last quarter. Finally, Samalin Investment Counsel LLC grew its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 21.0% during the 3rd quarter. Samalin Investment Counsel LLC now owns 39,743 shares of the company’s stock worth $276,000 after acquiring an additional 6,906 shares during the period. XAI Octagon Floating Rate & Alternative Income Trust Price Performance Shares of NYSE:XFLT opened at $7.08 on Monday. XAI Octagon Floating Rate & Alternative Income Trust has a 1 year low of $6.31 and a 1 year high of $7.76. The business’s 50-day moving average is $7.08 and its 200-day moving average is $7.12. XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend The firm also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.085 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 14.41%. The ex-dividend date of this dividend is Wednesday, May 15th. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is 117.24%. XAI Octagon Floating Rate & Alternative Income Trust Profile (Free Report) XAI Octagon Floating Rate & Alternative Income Term Trust invests in a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within the private markets. Under normal market conditions, the Trust will invest at least 80% of managed assets in senior secured loans, CLO debt and CLO equity. The Trust seeks attractive total return with an emphasis on income generation across multiple stages of the credit cycle.
