XAI Octagon Declares $0.225 Monthly Distribution; Appoints Sub-Adviser
XAI Octagon Floating Rate & Alternative Income Trust declared a regular monthly distribution of $0.225 per common share, payable on September 1, 2026, to shareholders of record as of August 17, 2026. This distribution amount remains unchanged from the previous month. Additionally, the Trust announced that Rockford Tower Asset Management, L.L.C. began serving as the sub-adviser as of July 30, 2026. The Trust also provided details on the potential tax characteristics of distributions, noting they may include net investment income, capital gains, and/or a return of capital.
Key Highlights
- Rockford Tower Asset Management appointed as sub-adviser as of July 30, 2026.
- Monthly distribution of $0.225 per common share declared.
- Distribution payable on September 1, 2026.
- Record and ex-dividend date is August 17, 2026.
- Distribution amount is unchanged from the previous month.
- Distributions may include net investment income, capital gains, or return of capital.
Price Impact
More from XFLT
XFLT Urges Shareholder Vote 'FOR' King Street Sub-Adviser & Liquidity Plan
XAI Octagon Urges 'FOR' Vote on King Street Sub-Adviser, Details Liquidity Plan
XFLT Seeks Shareholder Approval for King Street Sub-Adviser, Liquidity Plan