secwatch.observer — SEC 8-K summary
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Issuer:     XAI Octagon Floating Rate & Alternative Income Trust (XFLT)
CIK:        0001703079
Form:       8-K
Filed at:   2021-09-09T23:59:59+00:00
Accession:  0001213900-21-047207
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703079/000121390021047207/0001213900-21-047207-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703079/000121390021047207/s133454_8k.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-047207

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