CHICAGO, Jan. 02, 2025 (GLOBE NEWSWIRE) -- XAI Octagon Floating Rate & Alternative Income Trust (the "Trust") has declared its regular monthly distribution of $0.077 per share of the Trust's common shares (NYSE:XFLT). The Trust also declared preferred dividends for the quarter of $0.40625 per share of the Trust's 6.50% Series 2026 Term Preferred Shares (NYSE:XFLTPRA). The following dates apply to each declaration: Share ClassEx-Dividend DateRecord DatePayable DateAmountChange from Previous DeclarationXFLTJanuary 16, 2025January 16, 2025February 3, 2025$0.077No ChangeXFLTPRAJanuary 15, 2025January 15, 2025January 31, 2025$0.40625No Change1 _______________________________1 The Trust's 6

CHICAGO, Dec. 23, 2024 (GLOBE NEWSWIRE) -- XA Investments LLC ("XAI"), an alternative investment management and consulting firm, tracks developments in the non-listed closed-end funds (CEF) market on a monthly and quarterly basis. The non-listed closed-end funds market includes all interval and tender offer funds. "As 2024 draws to a close, we've been pleased to see that the pace of new N-2 filings with the SEC for new interval and tender offer funds is accelerating. In the month of November alone, there were 5 new filings, with 15 total new filings since the end of the third quarter," stated Kimberly Flynn, the President of XAI. "The fourth quarter of 2024 is far ahead in the number of

Madison Covered Call & Equity Strategy Fund (the "Fund") has declared its regular quarterly distribution of $0.18 per share on the Fund's common shares (NYSE:MCN), payable on December 31, 2024, to shareholders of record as of December 17, 2024, as noted below. The amount of the distribution represents no change from the previous quarter's distribution amount of $0.18 per share. The following dates apply to the declaration:   Ex-Dividend Date   December 17, 2024   Record Date   December 17, 2024   Payable Date   December 31, 2024   Amount   $0.18 per share   Change from Previous Quarter

XAI Octagon Floating Rate & Alternative Income Trust (the "Trust") has declared its regular monthly distribution of $0.077 per share on the Trust's common shares (NYSE:XFLT), payable on December 30, 2024, to common shareholders of record as of December 16, 2024, as noted below. The amount of the distribution represents a 9.41% decrease from the previous month's distribution of $0.085 per share. The Trust's investment objective is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle. The Trust's investment portfolio is comprised largely of floating-rate credit instruments and other structured credit investments. In the past three

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) ("MCN" or the "Fund") announced three significant changes today. The Fund appointed XA Investments LLC ("XAI") as its investment adviser, and it also retained Madison Asset Management, LLC ("Madison") as its sub-adviser. Additionally, the Fund announced that it would change its corporate name to XAI Madison Equity Premium Income Fund. The Fund expects to trade under its new name on or around December 9, 2024, and it will retain its current New York Stock Exchange ticker MCN. The appointment of XAI and Madison as MCN's investment adviser and sub-adviser, respectively, follows the receipt of approval from the Fund's shareholders at a sp

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) (the "Trust") today announced that it plans to host the Trust's Quarterly Webinar on December 6, 2024 at 11:00 am (Eastern Time). Kevin Davis, Managing Director at XA Investments ("XAI") will moderate the Q&A style webinar with Kimberly Flynn, President at XAI, and Lauren Law, Senior Portfolio Manager at Octagon Credit Investors. TO JOIN VIA WEB: Please go to the Knowledge Bank section of xainvestments.com or click here to find the online registration link. TO USE YOUR TELEPHONE: After joining via web, if you prefer to use your phone for audio, you must select that option and call in using a number below, based on your cur

XAI Octagon Floating Rate & Alternative Income Trust (the "Trust") has declared its regular monthly distribution of $0.085 per share on the Trust's common shares (NYSE:XFLT), payable on December 2, 2024, to common shareholders of record as of November 15, 2024, as noted below. The amount of the distribution represents no change from the previous month's distribution amount of $0.085 per share. The following dates apply to the declaration: Ex-Dividend Date   November 15, 2024   Record Date   November 15, 2024   Payable Date   December 2, 2024   Amount   $0.085 per common share   Change from Previous Month   No change Commo

Shows Robust Growth and Diversification XA Investments LLC ("XAI"), an alternative investment management and consulting firm, has released its Non-Listed Closed-End Funds Third Quarter 2024 Market Update covering current market trends and industry highlights. The non-listed closed-end funds (CEF) market includes all interval and tender offer funds. Some of the topics of the report include a growth analysis for the twenty largest funds and recently launched funds, a market-wide proration analysis and the rise of public / private partnerships. "Overall, the non-listed CEF market continues to demonstrate robust growth and diversification, driven by innovative fund launches and increasing by

During a special meeting on October 15, 2024 (the "Special Meeting"), shareholders of the Madison Covered Call & Equity Strategy Fund (NYSE:MCN) ("MCN" or the "Fund") approved multiple important proposals: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241015803256/en/ A newly constituted slate of trustees to serve on the Fund's board of trustees; A new investment advisory agreement between the Fund and XA Investments, LLC ("XAI") appointing XAI as the Fund's investment advisor (the "New Advisory Agreement"); A new investment sub-advisory agreement among the Fund, XAI and Madison Asset Management, LLC ("Madison") appointing

XAI Octagon Floating Rate & Alternative Income Trust (the "Trust") has declared its regular monthly distribution of $0.085 per share of the Trust's common shares (NYSE:XFLT). The Trust also declared preferred dividends for the quarter of $0.40625 per share of the Trust's 6.50% Series 2026 Term Preferred Shares (NYSE:XFLTPRA). The following dates apply to each declaration: Share Class Ex-Dividend Date Record Date Payable Date Amount Change from Previous Declaration XFLT October 15, 2024 October 15, 2024 November 1, 2024 $0.085 No Change XFLTPRA October 15, 2024 October 15, 2024 October 31, 2024 $0.40625 No Change1 Common share di

CHICAGO, Jan. 02, 2025 (GLOBE NEWSWIRE) -- XAI Octagon Floating Rate & Alternative Income Trust (the "Trust") has declared its regular monthly distribution of $0.077 per share of the Trust's common shares (NYSE:XFLT). The Trust also declared preferred dividends for the quarter of $0.40625 per share of the Trust's 6.50% Series 2026 Term Preferred Shares (NYSE:XFLTPRA). The following dates apply to each declaration: Share ClassEx-Dividend DateRecord DatePayable DateAmountChange from Previous DeclarationXFLTJanuary 16, 2025January 16, 2025February 3, 2025$0.077No ChangeXFLTPRAJanuary 15, 2025January 15, 2025January 31, 2025$0.40625No Change1 _______________________________1 The Trust's 6

Madison Covered Call & Equity Strategy Fund (the "Fund") has declared its regular quarterly distribution of $0.18 per share on the Fund's common shares (NYSE:MCN), payable on December 31, 2024, to shareholders of record as of December 17, 2024, as noted below. The amount of the distribution represents no change from the previous quarter's distribution amount of $0.18 per share. The following dates apply to the declaration:   Ex-Dividend Date   December 17, 2024   Record Date   December 17, 2024   Payable Date   December 31, 2024   Amount   $0.18 per share   Change from Previous Quarter

XAI Octagon Floating Rate & Alternative Income Trust (the "Trust") has declared its regular monthly distribution of $0.085 per share on the Trust's common shares (NYSE:XFLT), payable on December 2, 2024, to common shareholders of record as of November 15, 2024, as noted below. The amount of the distribution represents no change from the previous month's distribution amount of $0.085 per share. The following dates apply to the declaration: Ex-Dividend Date   November 15, 2024   Record Date   November 15, 2024   Payable Date   December 2, 2024   Amount   $0.085 per common share   Change from Previous Month   No change Commo

XAI Octagon Floating Rate & Alternative Income Trust (the "Trust") has declared its regular monthly distribution of $0.085 per share of the Trust's common shares (NYSE:XFLT). The Trust also declared preferred dividends for the quarter of $0.40625 per share of the Trust's 6.50% Series 2026 Term Preferred Shares (NYSE:XFLTPRA). The following dates apply to each declaration: Share Class Ex-Dividend Date Record Date Payable Date Amount Change from Previous Declaration XFLT October 15, 2024 October 15, 2024 November 1, 2024 $0.085 No Change XFLTPRA October 15, 2024 October 15, 2024 October 31, 2024 $0.40625 No Change1 Common share di

XAI Octagon Floating Rate & Alternative Income Trust (the "Trust") has declared its regular monthly distribution of $0.085 per share on the Trust's common shares (NYSE:XFLT), payable on October 1, 2024, to common shareholders of record as of September 17, 2024, as noted below. The amount of the distribution represents no change from the previous month's distribution amount of $0.085 per share. The following dates apply to the declaration: Ex-Dividend Date   September 17, 2024   Record Date   September 17, 2024   Payable Date   October 1, 2024   Amount   $0.085 per common share   Change from Pre

XAI Octagon Floating Rate & Alternative Income Trust (the "Trust") has declared its regular monthly distribution of $0.085 per share on the Trust's common shares (NYSE:XFLT), payable on September 3, 2024, to common shareholders of record as of August 15, 2024, as noted below. The amount of the distribution represents no change from the previous month's distribution amount of $0.085 per share. The following dates apply to the declaration:   Ex-Dividend Date   August 15, 2024   Record Date   August 15, 2024   Payable Date   September 3, 2024   Amount   $0.085 per common share   Change from Pr

XAI Octagon Floating Rate & Alternative Income Trust (the "Trust") has declared its regular monthly distribution of $0.085 per share of the Trust's common shares (NYSE:XFLT). The Trust also declared preferred dividends for the quarter of $0.40625 per share of the Trust's 6.50% Series 2026 Term Preferred Shares (NYSE:XFLTPRA). The following dates apply to each declaration: Share Class Ex-Dividend Date Record Date Payable Date Amount Change from Previous Declaration XFLT July 15, 2024 July 15, 2024 August 1, 2024 $0.085 No Change XFLTPRA July 15, 2024 July 15, 2024 July 31, 2024

XAI Octagon Floating Rate & Alternative Income Trust (the "Trust") (NYSE:XFLT), a diversified, closed-end management investment company with an investment objective to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle, has entered into a Purchase Agreement with certain institutional investors for the purchase and sale of 1,800,000 shares of the Trust's 6.95% Series II 2029 Convertible Preferred Shares due December 2029 (the "Convertible Preferred Shares"), liquidation preference $25.00 per share. Assuming the issuance and sale of all of the Convertible Preferred Shares, the Trust expects to receive net proceeds (before expenses) fr

XAI Octagon Floating Rate & Alternative Income Trust (the "Trust") has declared its regular monthly distribution of $0.085 per share on the Trust's common shares (NYSE:XFLT), payable on July 1, 2024, to common shareholders of record as of June 17, 2024, as noted below. The amount of the distribution represents no change from the previous month's distribution amount of $0.085 per share. The following dates apply to the declaration:   Ex-Dividend Date June 17, 2024   Record Date June 17, 2024   Payable Date July 1, 2024   Amount $0.085 per common share   Change from Previous Month No change Common share

XAI Octagon Floating Rate & Alternative Income Trust (the "Trust") has declared its regular monthly distribution of $0.085 per share on the Trust's common shares (NYSE:XFLT), payable on June 3, 2024, to common shareholders of record as of May 16, 2024, as noted below. The amount of the distribution represents no change from the previous month's distribution amount of $0.085 per share. The following dates apply to the declaration:   Ex-Dividend Date   May 15, 2024   Record Date   May 16, 2024   Payable Date   June 3, 2024   Amount   $0.085 per common share   Change from Previous Month

N-CEN - XAI Octagon Floating Rate & Alternative Income Trust (0001703079) (Filer)

N-CSR - XAI Octagon Floating Rate & Alternative Income Trust (0001703079) (Filer)

8-K - XAI Octagon Floating Rate & Alternative Income Trust (0001703079) (Filer)

8-K - XAI Octagon Floating Rate & Alternative Income Trust (0001703079) (Filer)

8-K - XAI Octagon Floating Rate & Alternative Income Trust (0001703079) (Filer)

40-17G - XAI Octagon Floating Rate & Alternative Income Trust (0001703079) (Filer)

N-PX - XAI Octagon Floating Rate & Alternative Income Trust (0001703079) (Filer)

8-K - XAI Octagon Floating Rate & Alternative Income Trust (0001703079) (Filer)

8-K - XAI Octagon Floating Rate & Alternative Income Trust (0001703079) (Filer)

8-K - XAI Octagon Floating Rate & Alternative Income Trust (0001703079) (Filer)