XAI Octagon Floating Rate & Alternative Income Term Trust Approves 1-for-5 Reverse Stock Split

Reuters03-07 07:00

XAI Octagon Floating Rate & Alternative Income Term Trust Approves 1-for-5 Reverse Stock Split

XAI Octagon Floating Rate & Alternative Income Term Trust said its board approved a 1-for-5 reverse stock split of its common shares. The split is expected to take effect at 5:00 p.m. ET on March 20, 2026, with post-split trading to begin on the NYSE on March 23 under the ticker XFLT. The trust said its new post-split CUSIP will be 98400T 304 and that its previously announced $0.060 monthly distribution will be adjusted to $0.30 per share after the split.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XAI Octagon Floating Rate & Alternative Income Term Trust published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603061800PRIMZONEFULLFEED9667444) on March 06, 2026, and is solely responsible for the information contained therein.

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