OXLC - XFLT: Fund Your Retirement Income With This 14% Yielding CEF

2024-04-08 12:20:24 ET

Summary

• The XAI Octagon Floating Rate & Alternative Income Trust offers a high yield income stream and discounted DRIP option for investors.
• 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....

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