XAI Floating Rate & Alternative Income Trust Sets $0.225 Monthly Distribution

XAI Floating Rate & Alternative Income Trust declared a $0.225 monthly distribution per common share, with Nov. 16 set as both the record and ex-dividend date for the Dec. 1 payment. The amount matches the previous month’s distribution. The trust’s common shares trade on the New York Stock Exchange under ticker XFLT. A buyer who purchases on or after the ex-dividend date is not entitled to that distribution. In normal markets, the trust’s policy calls for at least 80% of Managed Assets to go toward floating-rate and structured-credit holdings, chiefly in private credit.

Source: TokenPost