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:   2023-02-27T23:59:59+00:00
Accession:  0001213900-23-014890
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703079/000121390023014890/0001213900-23-014890-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703079/000121390023014890/ea150204_8k.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-014890

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