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 shares at $23.25 per share; net proceeds ~$9.3M.
Issuance under June 2024 purchase agreement; total outstanding now 1,200,000 Series II 2029 Convertible Preferred Shares.
Liquidation preference $25.00 per share; dividend rate 6.95%.

item 3.02

XAI Octagon Floating Rate & Alternative Income Trust filing history →

Source: SEC EDGAR

accession 0001213900-24-080768

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