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:   2024-02-29T23:59:59+00:00
Accession:  0001213900-24-018173
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703079/000121390024018173/0001213900-24-018173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703079/000121390024018173/ea0200801_8k.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-018173

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