Three months ago, I wrote about the XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT), a fixed-income CEF investing in several different asset classes, including CLOs. Due to reader interest, I focused on calculating a distribution coverage ratio for the fund and arrived at a figure of 71%. As most other analysts had either calculated or mentioned significantly stronger coverage ratios, most mentioned that the distribution was fully-covered, I thought revisiting the fund once more data was available would be interesting. In this article, I'll be doing just that and will