other material
confidence high
sentiment neutral
materiality 0.50
XAI Octagon Floating Rate & Alternative Income Trust issues 400,000 Series II 2029 Convertible Preferred Shares
XAI Octagon Floating Rate & Alternative Income Trust
- Issued 400,000 Series II 2029 Convertible Preferred Shares at $23.25 per share on July 31, 2024.
- Net proceeds from the issuance were approximately $9.3 million.
- Total outstanding Series II 2029 Convertible Preferred Shares now 800,000 after the sale.
- Sale was made pursuant to a Purchase Agreement dated June 10, 2024, exempt under Section 4(a)(2).