---
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"
generated_at: "2026-06-11T02:24:58.159875+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# XFLT replaces administrator with Paralel Technologies; fee structure changes

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-071389
- JSON: https://secwatch.observer/filing/0001213900-23-071389.json
- Plain text: https://secwatch.observer/filing/0001213900-23-071389.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1703079/000121390023071389/0001213900-23-071389-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1703079/000121390023071389/0001213900-23-071389-index.htm

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