secwatch / observer
8-K filed August 29, 2023, 7:59 PM ET ticker XFLT CIK 0001703079
other material confidence high sentiment neutral materiality 0.35

XFLT replaces administrator with Paralel Technologies; fee structure changes

XAI Octagon Floating Rate & Alternative Income Trust

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

XAI Octagon Floating Rate & Alternative Income Trust entered into Administration and Fund Accounting Agreement with Paralel Technologies LLC valued at monthly fee equal to a percentage of the Trust’s average daily managed assets (effective 2023-08-28).

Action
entry
Counterparty
Paralel Technologies LLC
Value
monthly fee equal to a percentage of the Trust’s average daily managed assets
Effective
2023-08-28
Exact text from the filing
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) (the “Trust”) has entered into a new Administration and Fund Accounting Agreement the (“Paralel Agreement”) with Paralel Technologies LLC (“Paralel”) pursuant to which Paralel began serving as the Trust’s administrator effective August 28, 2023.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

XAI Octagon Floating Rate & Alternative Income Trust terminated ALPS Administration Agreement with ALPS Fund Services, Inc. valued at terminated effective September 25, 2023 (effective 2023-09-25).

Action
termination
Counterparty
ALPS Fund Services, Inc.
Value
terminated effective September 25, 2023
Effective
2023-09-25
Exact text from the filing
ookkeeping and pricing services agreement with ALPS (the “ALPS Administration Agreement”) were terminated effective that same day. The ALPS Administration Agreement will be terminated effective September 25, 2023.
View on SEC.gov

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XAI Octagon Floating Rate & Alternative Income Trust filing history →

Source: SEC EDGAR
accession 0001213900-23-071389
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