XAI Octagon Floating Rate Trust issues 400K convertible preferred shares for ~$9.3M

XAI Octagon Floating Rate & Alternative Income Trust

Issued 400,000 additional 6.00% Series 2029 Convertible Preferred Shares at $23.25 per share.
Net proceeds to the Trust were approximately $9.3 million before expenses.
After issuance, outstanding shares: 42,874,432 common and 800,000 convertible preferred.
Sale was made to existing purchasers under a Purchase Agreement exempt per Section 4(a)(2).

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