{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-071389","form_type":"8-K","ticker":"XFLT","cik":"0001703079","company_name":"XAI Octagon Floating Rate & Alternative Income Trust","filed_at":"2023-08-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.914346+00:00","generated_at":"2026-06-11T02:24:58.159875+00:00","sec_items":["1.01","1.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"XFLT replaces administrator with Paralel Technologies; fee structure changes","bullets":["Paralel Technologies replaces ALPS Fund Services as administrator effective August 28, 2023.","New fee based on percentage of average daily managed assets with breakpoints; ALPS fee was on net assets.","ALPS Administration Agreement will terminate effective September 25, 2023.","Services provided under new agreement are materially similar to prior agreement.","Administration and Fund Accounting Agreement filed as Exhibit 10.1."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-071389","json":"https://secwatch.observer/filing/0001213900-23-071389.json","markdown":"https://secwatch.observer/filing/0001213900-23-071389.md","text":"https://secwatch.observer/filing/0001213900-23-071389.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1703079/000121390023071389/0001213900-23-071389-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1703079/000121390023071389/ea160609_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T02:24:58.159875+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e294fc8736b038eff8fa5d7c06deb6a0487ca51b","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1703079/000121390023071389/0001213900-23-071389-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Paralel Technologies LLC"},{"label":"Value","value":"monthly fee equal to a percentage of the Trust’s average daily managed assets"},{"label":"Effective","value":"2023-08-28"}],"fact_type":"material_agreement"},{"claim_id":"e6c1020e9f3d11aaabcc0d9d8f58e2a9228d008c","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1703079/000121390023071389/0001213900-23-071389-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Counterparty","value":"ALPS Fund Services, Inc."},{"label":"Value","value":"terminated effective September 25, 2023"},{"label":"Effective","value":"2023-09-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}