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:   2023-08-04T23:59:59+00:00
Accession:  0001213900-23-063752
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703079/000121390023063752/0001213900-23-063752-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703079/000121390023063752/ea159428_8k.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-063752

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