Landscape Capital Management L.L.C. Boosts Stake in XAI Octagon Floating Rate & Alternative Income Trust $XFLT

Landscape Capital Management L.L.C. raised its position in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 90.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 512,317 shares of the company’s stock after buying an additional 243,925 shares during the period. Landscape Capital Management L.L.C.’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $2,459,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust in the 2nd quarter valued at about $34,000. Global Retirement Partners LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter valued at about $40,000. Blue Bell Private Wealth Management LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter valued at about $41,000. Per Stirling Capital Management LLC. purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust in the 3rd quarter valued at about $56,000. Finally, Amplius Wealth Advisors LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter valued at about $54,000.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

NYSE:XFLT opened at $17.97 on Monday. The firm has a 50-day moving average of $18.28 and a two-hundred day moving average of $19.90. XAI Octagon Floating Rate & Alternative Income Trust has a 1-year low of $14.92 and a 1-year high of $28.65.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

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

About XAI Octagon Floating Rate & Alternative Income Trust

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.