XFLT: Fund Your Retirement Income With This 14% Yielding CEF [Seeking Alpha]
XAI Octagon Floating Rate & Alternative Income Trust Common Shares of Beneficial Interest (XFLT)
US:NYSE Investor Relations:
quotes.ino.com/charting/index.html?s=nyse_xflt&t=f&a=1&w=1&v=d12
Company Research
Source: Seeking Alpha
The XFLT closed-end fund has shown consistent performance and returned 28% over the past year, with a yield of about 14.4%. XFLT has made changes to become a perpetual fund and has added new members to its management team. How do you intend to fund your retirement once you no longer receive a regular paycheck? If you are like millions of other Americans like me who are nearing or past the age of 65, you probably need to start thinking about that if you have not already been planning. One way that I have found to be successful in funding my own retirement is to purchase investments like closed-end funds, or CEFs, that offer a high yield income stream and pay a steady or even growing distribution (sometimes called a dividend, although stocks pay dividends and funds pay distributions) every month. In my most recent article on CEFs, I discussed the discounts that are available with many of those high yielders when you reinvest the monthly payout. Instead of taking cash each month,
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XFLT
News
- Kimberly Flynn Promoted to President of XA Investments LLCBusiness Wire
- XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution and Quarterly Preferred Shares DividendBusiness Wire
- XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.085 per ShareBusiness Wire
- XAI Octagon Floating Rate & Alternative Income Trust Will Host Q4 2023 Quarterly Webinar on February 29, 2024Business Wire
- XAI Octagon Floating Rate & Alternative Income Trust Announces Registered Direct Placement of Common SharesBusiness Wire
XFLT
Sec Filings
- 4/12/24 - Form DEF
- 4/9/24 - Form 8-K
- 4/5/24 - Form 8-K
- XFLT's page on the SEC website