---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-063752"
form_type: "8-K"
ticker: "XFLT"
cik: "0001703079"
company_name: "XAI Octagon Floating Rate & Alternative Income Trust"
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T06:06:02.784229+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001213900-23-063752
- form_type: 8-K
- ticker: XFLT
- cik: 0001703079
- company_name: XAI Octagon Floating Rate & Alternative Income Trust
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1703079/000121390023063752/0001213900-23-063752-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1703079/000121390023063752/ea159428_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-063752
- JSON: https://secwatch.observer/filing/0001213900-23-063752.json
- Plain text: https://secwatch.observer/filing/0001213900-23-063752.txt

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