XAI Octagon Floating Rate & Alternative Income Term Trust Declares Regular Monthly Distribution, Payable on April 1, 2020; Announces Executive Changes
March 03, 2020 at 06:03 am
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XAI Octagon Floating Rate & Alternative Income Term Trust has declared its regular monthly distribution of $0.073 per share on the Trust's common shares, payable on April 1, 2020 to common shareholders of record as of March 17, 2020. The amount of the distribution represents no change from the previous month's distribution amount. Ex-Dividend Date is March 16, 2020.
On February 25, 2020, the Board of Trustees of the Trust elected Derek Mullins, Managing Partner at PINE Advisor Solutions, as the Principal Financial Officer and Treasurer of the Trust. Mr. Mullins previously served as the Director of Operations at ArrowMark Partners LLC and the Chief Financial Officer and Treasurer of Meridian Fund Inc. Mr. Mullins brings over 24 years of operations and finance experience to the Trust.
XAI Octagon Floating Rate & Alternative Income Trust (the Trust) is a diversified, closed-end management investment company. The Trust's investment objective is to seeks attractive total return with an emphasis on income generation across multiple stages of the credit cycle. The 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, collateralized loan obligation (CLO) debt and CLO equity. XA Investments LLC serves as the investment adviser to the Trust. The Trustâs sub-adviser is Octagon Credit Investors, LLC.
XAI OCTAGON FLOATING RATE & ALTERNATIVE INCOME TRUST 
