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XAI Octagon Floating Rate & Alternative Income Term Trust of Beneficial Interest
Photo Source: Tasos Katopodis/Pool via REUTERS. Federal Reserve Chairman Jerome Powell, wearing a face mask, testifies before the House of Representatives Financial Services Committee during a hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease (COVID-19), on Capitol Hill in Washington, U.S., June 30, 2020.
For the month, 85% of all closed-end funds (CEFs) posted net asset value ("NAV")-based returns in the black, with 69% of equity CEFs and 97% of fixed income CEFs chalking up returns in the plus column. For the second month in