XAI Octagon Floating Rate & Alternative Income Trust $XFLT Shares Sold by Bulldog Investors LLP

Bulldog Investors LLP reduced its position in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 63.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 186,930 shares of the company’s stock after selling 321,433 shares during the period. Bulldog Investors LLP’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $3,211,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XFLT. Shaker Financial Services LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter valued at about $881,000. Choreo LLC acquired a new position in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth about $210,000. TrueMark Investments LLC purchased a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter valued at about $385,000. Closed End Fund Advisors Inc. purchased a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter valued at about $1,118,000. Finally, Sit Investment Associates Inc. grew its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 112.4% in the fourth quarter. Sit Investment Associates Inc. now owns 5,467,565 shares of the company’s stock valued at $26,244,000 after purchasing an additional 2,893,917 shares during the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

Shares of XFLT opened at $17.42 on Tuesday. The firm has a 50 day simple moving average of $18.05 and a 200-day simple moving average of $18.88. XAI Octagon Floating Rate & Alternative Income Trust has a 1-year low of $14.92 and a 1-year high of $28.50.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.225 per share. This represents a c) dividend on an annualized basis and a yield of 15.5%. The ex-dividend date is Wednesday, July 15th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is 545.98%.

XAI Octagon Floating Rate & Alternative Income Trust Profile

XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) is a closed-end management investment company that seeks to provide current income by investing primarily in floating-rate senior secured debt and credit-related securities. The fund’s portfolio is constructed to offer exposure to corporate floating-rate loans, collateralized loan obligations (CLOs) and other structured credit instruments, with the goal of generating attractive risk-adjusted yields across changing interest-rate environments.

Advised by XAI Asset Management, LLC and sub-advised by Octagon Credit Investors, the trust combines the credit selection capabilities of both firms to identify opportunities in North American corporate credit markets.