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:   2023-05-11T23:59:59+00:00
Accession:  0001213900-23-038618
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703079/000121390023038618/0001213900-23-038618-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703079/000121390023038618/ea154736_8k.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-038618

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