Core Viewpoint - XAI Octagon Floating Rate & Alternative Income Trust has declared a monthly distribution of $0.070 per share, reflecting a 9.09% decrease from the previous month's distribution of $0.077 per share, amid market volatility affecting asset yields [1][2][3] Distribution Details - The distribution is payable on July 1, 2025, to shareholders of record as of June 16, 2025 [1][3] - The new distribution amount results in an annualized distribution rate of 14.51% based on market price and 13.86% based on NAV as of May 30, 2025 [2] Investment Objective - The Trust aims for attractive total returns with a focus on income generation across various stages of the credit cycle, primarily investing in floating rate credit instruments and structured credit investments [2][12] Market Conditions - Recent market volatility, driven by tariff developments and trade tensions, has led to significant interest rate spread compression in loan and CLO asset classes, adversely affecting yields [2] Webinar Announcement - A quarterly webinar is scheduled for June 4, 2025, featuring key personnel from XA Investments, providing insights into the Trust's performance and strategy [4] Tax and Distribution Characteristics - Distributions may include net investment income, capital gains, and/or a return of capital, with specific tax characteristics reported to shareholders post-calendar year [3][9] - The Trust is subject to a 4% excise tax if it fails to distribute a minimum percentage of its income and capital gains by year-end [8] Management and Advisory - XA Investments LLC serves as the investment adviser for the Trust, focusing on providing access to alternative investment strategies [14][16] - Octagon Credit Investors acts as the investment sub-adviser, specializing in below-investment grade corporate credit investments [19]