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:   2024-08-01T23:59:59+00:00
Accession:  0001213900-24-064080
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

XAI Octagon Floating Rate & Alternative Income Trust issues 400,000 Series II 2029 Convertible Preferred Shares
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703079/000121390024064080/0001213900-24-064080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703079/000121390024064080/ea0210201-01_8k.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-064080

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