---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-053004"
form_type: "8-K"
ticker: "XFLT"
cik: "0001703079"
company_name: "XAI Octagon Floating Rate & Alternative Income Trust"
filed_at: "2024-06-14T23:59:59+00:00"
generated_at: "2026-06-01T04:21:26.089970+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# XFLT announces private placement of convertible preferred shares raising up to $41.85M

## Summary
- Initial issuance of 400,000 shares at $23.25/share netting ~$9.3M on June 13, 2024.
- Agreement to sell up to 1.8M 6.95% Series II 2029 Convertible Preferred Shares ($25 liquidation preference).
- Total potential net proceeds of ~$41.85M if all shares sold by December 10, 2025.
- Shares pay 6.95% annual dividend, convertible into common at greater of VWAP or NAV.
- Mandatory redemption on December 31, 2029 at $25/share plus unpaid dividends.

## SEC filing metadata
- accession: 0001213900-24-053004
- form_type: 8-K
- ticker: XFLT
- cik: 0001703079
- company_name: XAI Octagon Floating Rate & Alternative Income Trust
- filed_at: 2024-06-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1703079/000121390024053004/0001213900-24-053004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1703079/000121390024053004/ea0207681-01_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-053004
- JSON: https://secwatch.observer/filing/0001213900-24-053004.json
- Plain text: https://secwatch.observer/filing/0001213900-24-053004.txt

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