XAI Trust Declares $0.225 Monthly Distribution, Payable August 3
XFLT•XAI Floating Rate & Alternative Income Trust declared a monthly distribution of $0.225 per common share, payable August 3, 2026, to shareholders of record on July 15, 2026. This matches the prior month's payout with no change, maintaining its stabilized income stream.
1. Distribution Declaration
XAI Floating Rate & Alternative Income Trust's board declared a $0.225 per share monthly distribution, payable August 3, 2026, to common shareholders of record on July 15, 2026. The ex-dividend and record dates are both set for July 15, and the amount remains unchanged from the previous month.
2. Tax and Funding Sources
Distributions may be funded by net investment income, capital gains or a return of capital, with specific tax characteristics to be reported on Form 1099 after year-end. Shareholders should note that return of capital reduces tax basis and that GAAP income may differ significantly from taxable income due to the Trust's CLO investments.
3. Investment Objective and Portfolio
The Trust aims for attractive total return with an emphasis on income generation, investing at least 80% of managed assets in floating rate credit instruments and structured credit, primarily CLO subordinated notes. As a registered investment company, it maintains stable distributions while adhering to excise tax distribution requirements and financial covenants.
