XAI Octagon Floating Rate & Alternative Income Trust $XFLT Position Boosted by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lifted its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 90.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 512,317 shares of the company’s stock after buying an additional 243,925 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $2,459,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of XFLT. Sit Investment Associates Inc. lifted its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 112.4% during the fourth quarter. Sit Investment Associates Inc. now owns 5,467,565 shares of the company’s stock worth $26,244,000 after purchasing an additional 2,893,917 shares during the last quarter. Eagle Point Credit Management LLC bought a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth about $10,033,000. North Ground Capital bought a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth about $7,116,000. Pathstone Holdings LLC bought a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the third quarter worth about $6,286,000. Finally, Matisse Capital lifted its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 250.4% during the fourth quarter. Matisse Capital now owns 920,000 shares of the company’s stock worth $4,416,000 after purchasing an additional 657,473 shares during the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Stock Up 0.2%

Shares of XFLT stock opened at $17.97 on Monday. XAI Octagon Floating Rate & Alternative Income Trust has a one year low of $14.92 and a one year high of $28.65. The company’s 50-day simple moving average is $18.28 and its 200-day simple moving average is $19.90.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 15.0%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is currently 600.00%.

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.