---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-035944"
form_type: "8-K"
ticker: "XFLT"
cik: "0001703079"
company_name: "XAI Octagon Floating Rate & Alternative Income Trust"
filed_at: "2022-06-29T23:59:59+00:00"
generated_at: "2026-06-24T22:25:05.127287+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# XFLT issues 400K convertible preferred shares at $23.25 and 1.45M common shares at $6.90

## Summary
- 400,000 shares of 6.00% Series 2029 Convertible Preferred at $23.25/sh; net proceeds ~$9.3M.
- Convertible preferred pay 6% fixed dividend ($1.50/sh/yr), mandatory redemption June 30, 2029.
- Additional 1.45M common shares at $6.90/sh; net proceeds ~$10.0M.
- Investors granted option to buy up to 800K more convertible shares by June 30, 2023, with $0.50/sh penalty if not taken.
- Proceeds to invest, pay down borrowings, and for working capital.

## SEC filing metadata
- accession: 0001213900-22-035944
- form_type: 8-K
- ticker: XFLT
- cik: 0001703079
- company_name: XAI Octagon Floating Rate & Alternative Income Trust
- filed_at: 2022-06-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1703079/000121390022035944/0001213900-22-035944-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1703079/000121390022035944/s138463_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-035944
- JSON: https://secwatch.observer/filing/0001213900-22-035944.json
- Plain text: https://secwatch.observer/filing/0001213900-22-035944.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.