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:   2024-04-05T23:59:59+00:00
Accession:  0001213900-24-030532
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703079/000121390024030532/0001213900-24-030532-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703079/000121390024030532/ea0203300_8k.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-030532

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