{"filings":[{"id":748997,"accession_number":"0001213900-26-062949","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2026-05-29T21:16:20+00:00","items":["8.01"],"status":"ready","headline":"XAI Octagon Floating Rate & Alternative Income Trust to be renamed effective June 8","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Name changes from 'XAI Octagon Floating Rate & Alternative Income Trust' to 'XAI Floating Rate & Alternative Income Trust'.","Effective date of name change is June 8, 2026.","Name change was previously announced in Form 8-K filed on May 19, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":528796,"accession_number":"0001213900-26-059091","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2026-05-19T20:57:54+00:00","items":[],"status":"ready","headline":"XFLT proposes sub-adviser change to King Street affiliate; name change to XAI Floating Rate & Alternative Income Trust","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Trust proposes Rockford Tower Asset Management (King Street affiliate) as new sub-adviser; shareholder vote at special meeting on/about July 30, 2026.","Trust name to change to 'XAI Floating Rate & Alternative Income Trust'; Octagon Credit Investors to resign as sub-adviser.","No changes to adviser XA Investments, advisory fee (1.70% of avg daily Managed Assets), or investment objective/policies.","King Street manages >$30B, over $12B in CLOs; portfolio managers Young Choi and Terry Ing to oversee day-to-day."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107480,"accession_number":"0001213900-26-010294","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2026-01-30T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"XAI Octagon redeems all 1.1M Series II 2029 convertible preferred shares on Jan 30, 2026","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Redemption of all 1,100,000 issued and outstanding 6.95% Series II 2029 Convertible Preferred Shares.","Redemption date was January 30, 2026, as previously announced on December 30, 2025.","No new debt or equity issued; redemption funded from available cash or other sources.","Post-redemption, preferred shares are no longer outstanding, reducing dividend obligations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123837,"accession_number":"0001213900-25-126693","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2025-12-30T23:59:59+00:00","items":["5.03","8.01","9.01"],"status":"ready","headline":"XFLT to redeem all 1.1M 6.95% Series II Preferred Shares on Jan 30, 2026","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Notice of full redemption of 6.95% Series II 2029 Convertible Preferred Shares on Jan 30, 2026.","Amendment filed to eliminate Non-Call Period, enabling redemption; approved by shareholders.","Total shares outstanding: 1,100,000; liquidation preference $25.00 per share ($27.5M aggregate).","Redemption price expected at liquidation preference plus accrued dividends (not specified)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123836,"accession_number":"0001213900-25-123924","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2025-12-19T23:59:59+00:00","items":["3.02"],"status":"ready","headline":"XAI Octagon issues 2.3M Series A MRP Shares for ~$23M net proceeds","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued 2,300,000 Series A Mandatory Redeemable Preferred Shares at $10 per share on Dec 18, 2025.","Net proceeds to the trust totaled approximately $23 million before expenses.","Following issuance, total outstanding MRP Shares reached 7,300,000 (full prior agreement amount).","Sale was exempt from registration under Section 4(a)(2) of the Securities Act."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123835,"accession_number":"0001213900-25-101655","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2025-10-23T23:59:59+00:00","items":["1.01","3.02","5.03","9.01"],"status":"ready","headline":"XAI Octagon Floating Rate & Alternative Income Trust issues $50M of 5.92% Series A MRP Shares","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["First closing of 5,000,000 MRP Shares at $10.00/sh; net proceeds ~$50M.","Second closing of 2,300,000 MRP Shares expected Dec 18, 2025, for additional $23M.","5.92% annual dividend ($0.592/sh), payable quarterly; mandatory redemption Jan 31, 2031.","Proceeds to refinance leverage, including redemption of 6.50% Series 2026 Term Preferred Shares.","MRP Shares sold in private placement under Section 4(a)(2); not listed on any exchange."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123834,"accession_number":"0001213900-25-098196","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2025-10-10T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"XFLT to redeem all 1.596M 6.50% Series 2026 Preferred Shares at $25.00 on Oct 31","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Full redemption of 1,596,000 outstanding 6.50% Series 2026 Term Preferred Shares (XFLTPRA) at $25.00 per share on October 31, 2025.","Accumulated dividends of $0.40625 per share from July 31 to Oct 30, 2025 will be paid to holders of record on Oct 15, 2025.","No action required by holders; shares are held in book-entry form through DTC and will be automatically surrendered.","After redemption, all rights of holders cease except to receive Redemption Price; distributions stop accruing as of Oct 31."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176564,"accession_number":"0001013762-25-002749","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2025-03-26T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"XFLT enters new $300M credit facility with BNP Paribas, replacing Société Générale facility","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["New $300M senior secured revolving credit facility with BNP Paribas; matures March 19, 2027; SOFR + 1.48% margin; commitment fee 0.55% on unused when draw below 75%.","$237 million borrowed at closing to fully repay and terminate existing Société Générale credit facility.","Post-closing leverage (borrowings plus preferred shares) equals 39.73% of Managed Assets.","Customary affirmative and negative covenants apply, including limitations on indebtedness, liens, mergers, dividends, and investments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":193418,"accession_number":"0001213900-24-087318","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2024-10-11T23:59:59+00:00","items":["3.02"],"status":"ready","headline":"XAI Octagon closes $41.85M private placement of convertible preferred shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["On Oct 10, 2024, the Trust issued 200,000 Series II 2029 Convertible Preferred Shares at $23.25/share, net proceeds ~$4.65M.","This completes the previously announced offering of up to 1,800,000 shares; total gross proceeds ~$41.85M.","Shares have a 6.95% coupon, are convertible, and carry a $25.00 liquidation preference.","The sale was exempt under Section 4(a)(2) of the Securities Act and made to a limited group of purchasers.","Purchase agreement with Eagle Point Credit Management LLC governed the transaction."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":193417,"accession_number":"0001213900-24-084226","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2024-10-02T23:59:59+00:00","items":["3.02"],"status":"ready","headline":"XAI Octagon sells 400,000 Series II 2029 Convertible Preferred Shares for $9.3M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Issued 400,000 shares at $23.25 per share on October 1, 2024, net proceeds ~$9.3 million.","Total outstanding Series II 2029 Convertible Preferred Shares now 1.6 million.","Sale is part of previously announced at-the-market offering of up to 1.8 million shares."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209739,"accession_number":"0001213900-24-080768","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2024-09-23T23:59:59+00:00","items":["3.02"],"status":"ready","headline":"XAI Octagon Floating Rate & Alternative Income Trust issues 400,000 Series II 2029 Convertible Preferred Shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Issued 400,000 shares at $23.25 per share; net proceeds ~$9.3M.","Issuance under June 2024 purchase agreement; total outstanding now 1,200,000 Series II 2029 Convertible Preferred Shares.","Liquidation preference $25.00 per share; dividend rate 6.95%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209738,"accession_number":"0001213900-24-064080","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2024-08-01T23:59:59+00:00","items":["3.02"],"status":"ready","headline":"XAI Octagon Floating Rate & Alternative Income Trust issues 400,000 Series II 2029 Convertible Preferred Shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Issued 400,000 Series II 2029 Convertible Preferred Shares at $23.25 per share on July 31, 2024.","Net proceeds from the issuance were approximately $9.3 million.","Total outstanding Series II 2029 Convertible Preferred Shares now 800,000 after the sale.","Sale was made pursuant to a Purchase Agreement dated June 10, 2024, exempt under Section 4(a)(2)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227904,"accession_number":"0001213900-24-053004","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2024-06-14T23:59:59+00:00","items":["1.01","3.02","5.03","7.01","9.01"],"status":"ready","headline":"XFLT announces private placement of convertible preferred shares raising up to $41.85M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Initial issuance of 400,000 shares at $23.25/share netting ~$9.3M on June 13, 2024.","Agreement to sell up to 1.8M 6.95% Series II 2029 Convertible Preferred Shares ($25 liquidation preference).","Total potential net proceeds of ~$41.85M if all shares sold by December 10, 2025.","Shares pay 6.95% annual dividend, convertible into common at greater of VWAP or NAV.","Mandatory redemption on December 31, 2029 at $25/share plus unpaid dividends."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227903,"accession_number":"0001398344-24-011313","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2024-06-05T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"XFLT authorizes ATM offering of up to 15M common shares at a minimum of NAV plus commission","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Entered Distribution Agreement with Paralel Distributors LLC on June 4, 2024 for at-the-market offering of up to 15,000,000 common shares.","Minimum sale price per share equals current NAV plus per-share commission to the Distributor.","UBS Securities LLC serves as sub-placement agent under a separate Sub-Placement Agent Agreement dated June 4, 2024.","Offering made under existing shelf registration statement (File No. 333-261521) filed on Form N-2."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227902,"accession_number":"0001213900-24-031328","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2024-04-09T23:59:59+00:00","items":["1.01","1.02","9.01"],"status":"ready","headline":"XFLT enters new sub-advisory agreement with Octagon after Generali acquisition of parent","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["New Sub-Advisory Agreement with Octagon Credit Investors effective April 3, 2024, upon closing of Generali's acquisition of Conning Holdings.","Terms substantially similar to prior agreement; same fees and investment strategy unchanged.","Previous sub-advisory agreement terminated automatically upon closing of the transaction.","Shareholders approved the new agreement at special meetings on Dec 19, 2023 and Jan 24, 2024.","Adviser XA Investments remains; fee structure and investment approach unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227901,"accession_number":"0001213900-24-030532","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2024-04-05T23:59:59+00:00","items":["3.02"],"status":"ready","headline":"XFLT sells 400,000 6.95% Series 2029 Convertible Preferred Shares for $9.3M net proceeds","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["On April 4, 2024, XFLT issued and sold 400,000 Convertible Preferred Shares at $23.25 per share.","Net proceeds to trust approximately $9.3 million (before expenses).","Total Convertible Preferred Shares outstanding now 1,200,000 under prior Purchase Agreement.","Shares sold in exemption from registration under Section 4(a)(2) of the Securities Act."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246682,"accession_number":"0001213900-24-018173","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2024-02-29T23:59:59+00:00","items":["3.02"],"status":"ready","headline":"XFLT issues 400,000 convertible preferred shares for $9.3M net proceeds","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Sold 400,000 6.95% Series 2029 Convertible Preferred Shares at $23.25/share on Feb 28, 2024.","Net proceeds of ~$9.3 million; total outstanding Convertible Preferred Shares increase to 800,000.","Issuance under Nov 6, 2023 purchase agreement, exempt from registration under Section 4(a)(2).","Convertible Preferred Shares have a $25.00 liquidation preference per share."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246681,"accession_number":"0001213900-24-014084","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2024-02-14T23:59:59+00:00","items":["3.02"],"status":"ready","headline":"XAI Octagon issues 400,000 convertible preferred shares, raising ~$9.3M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Issued 400,000 6.95% Series 2029 Convertible Preferred Shares at $23.25 per share.","Net proceeds before expenses of approximately $9.3 million.","Sale exempt from registration under Section 4(a)(2) of the Securities Act.","Total convertible preferred shares outstanding now 400,000.","Issuance was under purchase agreement dated Nov 6, 2023 with named purchasers."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246680,"accession_number":"0001213900-24-009613","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2024-02-02T23:59:59+00:00","items":["1.01","7.01","8.01","9.01"],"status":"ready","headline":"XFLT raises ~$25M via registered direct placement of 3.5M shares; name change to perpetual trust","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Sold 3,546,854 common shares at $7.0485 per share for net proceeds of ~$25M.","Offering expected to close on or about February 5, 2024; no placement agent used.","Trust name changed from 'Term Trust' to 'Trust', reflecting perpetual structure.","Eagle Point and purchasers granted Trust irrevocable proxy to vote shares in proportion to other holders until holdings fall below 4.9%.","Proceeds to be used for investments, paying down credit facility, and working capital."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246679,"accession_number":"0001213900-24-006188","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2024-01-25T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"XAI Octagon shareholders approve perpetual fund status (eff. Feb 1) and new Octagon sub-advisory agreement","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Shareholders approved removing termination date of Dec 31, 2029, making the trust perpetual effective Feb 1, 2024.","Name changes to XAI Octagon Floating Rate & Alternative Income Trust; ticker XFLT unchanged.","New sub-advisory agreement with Octagon Credit Investors approved; will take effect upon Generali's acquisition of Conning, expected H1 2024.","No changes to investment objectives, strategies, portfolio management, or fee structure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246678,"accession_number":"0001213900-24-000899","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2024-01-04T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"XAI Octagon Trust appoints new trustee and lead portfolio manager as of Jan 1, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["William T. Meyers appointed as interested trustee, effective Jan 1, 2024; previously Senior Advisor at XA Investments.","Lauren Law, Senior PM at Octagon, becomes lead portfolio manager of the Trust, effective Jan 1, 2024.","Gretchen Lam transitions from lead PM to CEO of Octagon; she remains on the investment committee.","No financial impact disclosed; these are routine management changes for a closed-end fund."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":264113,"accession_number":"0001213900-23-084389","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2023-11-07T23:59:59+00:00","items":["1.01","5.03","7.01","9.01"],"status":"ready","headline":"XFLT raises $27.9M via 6.95% Convertible Preferred Shares due 2029","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Trust issued 1,200,000 shares of 6.95% Series 2029 Convertible Preferred Shares at $23.25 per share, net proceeds ~$27.9M.","Shares have liquidation preference of $25.00, pay quarterly fixed dividend of 6.95% ($1.7375/share/year).","Mandatorily redeemable on June 30, 2029 at $25.00 plus unpaid dividends; convertible into common shares after six months.","Shares not listed on any exchange, transfer restricted; issued under Regulation D exemption."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":264112,"accession_number":"0001013762-23-006964","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2023-10-26T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"XFLT Board proposes perpetual fund, new sub-advisory pact; shareholder vote Dec 19","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board unanimously approved eliminating Dec 31, 2029 termination date; fund would become perpetual if shareholders approve.","New sub-advisory agreement with Octagon Credit Investors due to parent Generali acquisition (closing H1 2024).","Special shareholder meeting expected Dec 19, 2023; record date Oct 25, 2023.","Interim sub-advisory agreement with Octagon for up to 150 days post-closing if needed.","No change in portfolio management, investment objectives, or policies expected."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":264111,"accession_number":"0001013762-23-002604","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2023-10-10T23:59:59+00:00","items":["1.01","1.02","8.01","9.01"],"status":"ready","headline":"XAI Octagon replaces CCO service provider; designates Randi Roessler as new CCO","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amended services agreement with PINE Advisor Solutions effective Oct 1, 2023; PINE provides CFO and CCO services.","Prior CCO services agreement with ALPS Fund Services terminated; Theodore J. Uhl resigned as CCO.","Board designated Randi Roessler (PINE employee) as new Chief Compliance Officer effective Oct 1, 2023.","Agreement materially similar to prior except for fees, effective date, and parties."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":281353,"accession_number":"0001213900-23-076402","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2023-09-13T23:59:59+00:00","items":["1.01","1.02","9.01"],"status":"ready","headline":"XFLT appoints Equiniti Trust as transfer agent, replacing DST Systems","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Equiniti Trust Company appointed as sole transfer agent and registrar effective Sept 13, 2023.","Prior transfer agent DST Systems terminated; DST agreement to end Sept 25, 2023.","Initial term of three years, auto-renewing for successive one-year periods unless 90-day notice given.","Equiniti also serves as Plan Agent under the Fund's Dividend Reinvestment Plan.","No material financial terms disclosed; routine administrative service provider change."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":281352,"accession_number":"0001213900-23-071389","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2023-08-29T23:59:59+00:00","items":["1.01","1.02","9.01"],"status":"ready","headline":"XFLT replaces administrator with Paralel Technologies; fee structure changes","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Paralel Technologies replaces ALPS Fund Services as administrator effective August 28, 2023.","New fee based on percentage of average daily managed assets with breakpoints; ALPS fee was on net assets.","ALPS Administration Agreement will terminate effective September 25, 2023.","Services provided under new agreement are materially similar to prior agreement.","Administration and Fund Accounting Agreement filed as Exhibit 10.1."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":281351,"accession_number":"0001213900-23-063752","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2023-08-04T23:59:59+00:00","items":["3.02"],"status":"ready","headline":"XAI Octagon Floating Rate Trust issues 400K convertible preferred shares for ~$9.3M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Issued 400,000 additional 6.00% Series 2029 Convertible Preferred Shares at $23.25 per share.","Net proceeds to the Trust were approximately $9.3 million before expenses.","After issuance, outstanding shares: 42,874,432 common and 800,000 convertible preferred.","Sale was made to existing purchasers under a Purchase Agreement exempt per Section 4(a)(2)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":300150,"accession_number":"0001213900-23-038618","cik":1703079,"company_name":"XAI Octagon Floating Rate & Alternative Income Trust","ticker":"XFLT","form_type":"8-K","filed_at":"2023-05-11T23:59:59+00:00","items":["3.02"],"status":"ready","headline":"XAI Octagon Trust issues 400K Convertible Preferred Shares; holders convert all old preferred into common","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["On May 11, 2023, Trust issued 400,000 Additional Convertible Preferred Shares at $23.25/share, net proceeds ~$9.3M.","On May 2-3, 2023, holders converted all 400,000 outstanding Convertible Preferred Shares into 543,657 Common Shares at $6.44/share.","After issuance, Trust has 38,491,277 Common Shares and 400,000 Convertible Preferred Shares outstanding.","Sale exempt from registration under Section 4(a)(2) of Securities Act of 1933."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":287860000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}