XFLT sells 400,000 6.95% Series 2029 Convertible Preferred Shares for $9.3M net proceeds

XAI Octagon Floating Rate & Alternative Income Trust

On April 4, 2024, XFLT issued and sold 400,000 Convertible Preferred Shares at $23.25 per share.
Net proceeds to trust approximately $9.3 million (before expenses).
Total Convertible Preferred Shares outstanding now 1,200,000 under prior Purchase Agreement.
Shares sold in exemption from registration under Section 4(a)(2) of the Securities Act.

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