---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-014890"
form_type: "8-K"
ticker: "XFLT"
cik: "0001703079"
company_name: "XAI Octagon Floating Rate & Alternative Income Trust"
filed_at: "2023-02-27T23:59:59+00:00"
generated_at: "2026-06-18T23:46:51.216174+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# XFLT amends purchase agreement for convertible preferred shares; extends deadline to Dec 31, 2023

## Summary
- Amendment extends deadline for purchasing up to 800,000 additional 6.00% Series 2029 Convertible Preferred Shares from June 30 to Dec 31, 2023.
- If Trust does not sell all additional shares by Dec 31, 2023, it will pay $0.75 per unissued share to purchasers.
- Purchasers agree not to sell common shares exceeding 20% of average daily volume or 20% of current day's volume while preferred shares outstanding.
- Amendment involves Eagle Point Credit Management LLC and named purchasers.

## SEC filing metadata
- accession: 0001213900-23-014890
- form_type: 8-K
- ticker: XFLT
- cik: 0001703079
- company_name: XAI Octagon Floating Rate & Alternative Income Trust
- filed_at: 2023-02-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1703079/000121390023014890/0001213900-23-014890-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1703079/000121390023014890/ea150204_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-014890
- JSON: https://secwatch.observer/filing/0001213900-23-014890.json
- Plain text: https://secwatch.observer/filing/0001213900-23-014890.txt

## Key facts
- Material Agreements
  XAI Octagon Floating Rate & Alternative Income Trust amended Amendment with Eagle Point Credit Management LLC and the purchasers named therein (effective 2023-02-23).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Eagle Point Credit Management LLC and the purchasers named therein
  - Effective: 2023-02-23
  source text: On February 23, 2023, XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) (the “Trust”) entered into an amendment (the “Amendment”) to the purchase agreement dated June 28, 2022 (the “Purchase Agreement”) by and among the Trust, Eagle Point Credit Management LLC and the purchasers named therein (the “Purchasers”), in connection with the issuance and sale of 400,000 shares of the Trust’s 6.00% Series 2029 Convertible Preferred Shares, liquidation preference of $25.00 (the “Convertible Preferred Shares”), at a price equal to $23.25 per Convertible Preferred Share, in a transaction exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1703079/000121390023014890/0001213900-23-014890-index.htm

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