XFLT - XFLT: 14.3% Income Yield Continues To Flow
2024-06-11 23:46:37 ET
Summary
- XAI Octagon Floating Rate & Alternative Income Trust continues to generate a high yield for income-focused investors as the yield comes in around 14.3%.
- The fund is on track to deliver higher net investment income compared to last year, which has provided strong coverage for the monthly distribution to investors.
- The fund benefits from a resilient economy and higher rates that have continued to lead to that higher cash flow the fund has been able to generate.
- That said, XFLT does carry higher risk due to its investments in below-investment-grade securities while being highly leveraged; ultimately, I believe the risk/reward is attractive.
Written by Nick Ackerman, co-produced by Stanford Chemist. ...
XFLT: 14.3% Income Yield Continues To Flow