other material
confidence high
sentiment neutral
materiality 0.55
XAI Octagon launches at-the-market offering of up to 18.3M common shares
XAI Octagon Floating Rate & Alternative Income Trust
- Entered distribution agreement with Foreside Fund Services to sell up to 18,300,000 common shares in ATM offerings.
- Minimum sale price will not be less than then-current NAV per share plus commission.
- UBS Securities LLC named as sub-placement agent per separate agreement dated Feb 10, 2022.
- Offering commenced Feb 11, 2022 under existing shelf registration statement (File No. 333-261521).