DIVIDEND ANNOUNCEMENT: XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE:XFLT) on 02/03/2020 declared a dividend of $0.0730 per share

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE:XFLT) on 02/03/2020 declared a dividend of $ 0.0730 per share payable on March 02, 2020 to shareholders of record as of February 19, 2020.

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE:XFLT) has paid dividends since 2017, has a current dividend yield of 10.6796121597% and has increased its dividends for 2 successive years.

The stock price closed yesterday at $ 8.24 and has a 52 week low/high of $ 7.96 and $ 9.68.

XAI Octagon Floating Rate & Alternative Income Term Trust is a newly-organized, diversified, closed-end management investment company. The Trust seeks to achieve its investment objective by investing in a dynamically managed portfolio of opportunities primarily within the private credit markets. As of Sept 30 2017, the Trust had total assets of $71,158,579.

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