---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-018173"
form_type: "8-K"
ticker: "XFLT"
cik: "0001703079"
company_name: "XAI Octagon Floating Rate & Alternative Income Trust"
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T06:56:42.755426+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# XFLT issues 400,000 convertible preferred shares for $9.3M net proceeds

## Summary
- Sold 400,000 6.95% Series 2029 Convertible Preferred Shares at $23.25/share on Feb 28, 2024.
- Net proceeds of ~$9.3 million; total outstanding Convertible Preferred Shares increase to 800,000.
- Issuance under Nov 6, 2023 purchase agreement, exempt from registration under Section 4(a)(2).
- Convertible Preferred Shares have a $25.00 liquidation preference per share.

## SEC filing metadata
- accession: 0001213900-24-018173
- form_type: 8-K
- ticker: XFLT
- cik: 0001703079
- company_name: XAI Octagon Floating Rate & Alternative Income Trust
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1703079/000121390024018173/0001213900-24-018173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1703079/000121390024018173/ea0200801_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-018173
- JSON: https://secwatch.observer/filing/0001213900-24-018173.json
- Plain text: https://secwatch.observer/filing/0001213900-24-018173.txt

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