---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-030532"
form_type: "8-K"
ticker: "XFLT"
cik: "0001703079"
company_name: "XAI Octagon Floating Rate & Alternative Income Trust"
filed_at: "2024-04-05T23:59:59+00:00"
generated_at: "2026-06-04T01:51:19.884572+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-030532
- form_type: 8-K
- ticker: XFLT
- cik: 0001703079
- company_name: XAI Octagon Floating Rate & Alternative Income Trust
- filed_at: 2024-04-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1703079/000121390024030532/0001213900-24-030532-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1703079/000121390024030532/ea0203300_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-030532
- JSON: https://secwatch.observer/filing/0001213900-24-030532.json
- Plain text: https://secwatch.observer/filing/0001213900-24-030532.txt

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