XAI Octagon Floating Rate & Alternative Income Term Trust launches ATM offering of up to 11.4M common shares

XAI Octagon Floating Rate & Alternative Income Trust

Entered amended distribution agreement with Foreside Fund Services to sell up to 11,367,051 common shares in ATM offerings.
Minimum sale price: NAV per share plus commission; UBS Securities LLC serves as sub-placement agent.
Offering commenced Dec 2, 2021; prospectus supplement dated same day filed under Registration No. 333-251542.
Common shares (XFLT) offered; preferred shares (XFLTPRA) unaffected.

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