secwatch.observer — SEC 8-K summary
======================================

Issuer:     XAI Octagon Floating Rate & Alternative Income Trust (XFLT)
CIK:        0001703079
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001013762-23-006964
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XFLT Board proposes perpetual fund, new sub-advisory pact; shareholder vote Dec 19
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703079/000101376223006964/0001013762-23-006964-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703079/000101376223006964/ea164126_8k.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-006964

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer