XFLT issues 400,000 6.50% Series 2026 Preferred Shares at $25.00 each in direct offering

XAI Octagon Floating Rate & Alternative Income Trust

Issued 400,000 shares of 6.50% Series 2026 Term Preferred (liquidation pref $25.00) plus accrued dividends of $0.17604 per share.
Offering closed Sept 9, 2021; no placement agent or underwriter was retained.
Amendment No. 1 to Statement of Preferences authorizes up to 1,596,000 preferred shares.
Purchaser's investment manager agreed to vote all held preferred shares in same proportion as other holders, subject to exceptions.

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