Samalin Investment Counsel LLC Increases Stock Holdings in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

Samalin Investment Counsel LLC raised its stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,444 shares of the company’s stock after buying an additional 8,326 shares during the quarter. Samalin Investment Counsel LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $587,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Apollon Wealth Management LLC acquired a new position in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter valued at about $167,000. Atria Wealth Solutions Inc. acquired a new position in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter valued at about $86,000. Private Advisor Group LLC lifted its position in XAI Octagon Floating Rate & Alternative Income Trust by 14.8% in the fourth quarter. Private Advisor Group LLC now owns 96,964 shares of the company’s stock valued at $644,000 after buying an additional 12,521 shares during the last quarter. Consolidated Portfolio Review Corp lifted its position in XAI Octagon Floating Rate & Alternative Income Trust by 6.9% in the fourth quarter. Consolidated Portfolio Review Corp now owns 270,421 shares of the company’s stock valued at $1,796,000 after buying an additional 17,427 shares during the last quarter. Finally, Great Valley Advisor Group Inc. lifted its position in XAI Octagon Floating Rate & Alternative Income Trust by 8.4% in the third quarter. Great Valley Advisor Group Inc. now owns 65,395 shares of the company’s stock valued at $446,000 after buying an additional 5,073 shares during the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Stock Down 0.1 %

NYSE XFLT opened at $6.04 on Friday. The firm’s 50-day moving average is $6.41 and its two-hundred day moving average is $6.68. XAI Octagon Floating Rate & Alternative Income Trust has a 12 month low of $5.92 and a 12 month high of $7.30.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a dividend of $0.077 per share. The ex-dividend date is Monday, March 17th. This represents a $0.92 annualized dividend and a dividend yield of 15.31%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is presently 112.64%.

XAI Octagon Floating Rate & Alternative Income Trust Profile

XAI Octagon Floating Rate & Alternative Income Term Trust invests in a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within the private markets. Under normal market conditions, the Trust will invest at least 80% of managed assets in senior secured loans, CLO debt and CLO equity.

The Trust seeks attractive total return with an emphasis on income generation across multiple stages of the credit cycle.