---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-038618"
form_type: "8-K"
ticker: "XFLT"
cik: "0001703079"
company_name: "XAI Octagon Floating Rate & Alternative Income Trust"
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T04:22:03.373064+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# XAI Octagon Trust issues 400K Convertible Preferred Shares; holders convert all old preferred into common

## Summary
- On May 11, 2023, Trust issued 400,000 Additional Convertible Preferred Shares at $23.25/share, net proceeds ~$9.3M.
- On May 2-3, 2023, holders converted all 400,000 outstanding Convertible Preferred Shares into 543,657 Common Shares at $6.44/share.
- After issuance, Trust has 38,491,277 Common Shares and 400,000 Convertible Preferred Shares outstanding.
- Sale exempt from registration under Section 4(a)(2) of Securities Act of 1933.

## SEC filing metadata
- accession: 0001213900-23-038618
- form_type: 8-K
- ticker: XFLT
- cik: 0001703079
- company_name: XAI Octagon Floating Rate & Alternative Income Trust
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1703079/000121390023038618/0001213900-23-038618-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1703079/000121390023038618/ea154736_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-038618
- JSON: https://secwatch.observer/filing/0001213900-23-038618.json
- Plain text: https://secwatch.observer/filing/0001213900-23-038618.txt

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