---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-080768"
form_type: "8-K"
ticker: "XFLT"
cik: "0001703079"
company_name: "XAI Octagon Floating Rate & Alternative Income Trust"
filed_at: "2024-09-23T23:59:59+00:00"
generated_at: "2026-05-31T02:27:34.156883+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001213900-24-080768
- form_type: 8-K
- ticker: XFLT
- cik: 0001703079
- company_name: XAI Octagon Floating Rate & Alternative Income Trust
- filed_at: 2024-09-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1703079/000121390024080768/0001213900-24-080768-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1703079/000121390024080768/ea0215319-01_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-080768
- JSON: https://secwatch.observer/filing/0001213900-24-080768.json
- Plain text: https://secwatch.observer/filing/0001213900-24-080768.txt

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