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:   2024-09-23T23:59:59+00:00
Accession:  0001213900-24-080768
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 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703079/000121390024080768/0001213900-24-080768-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703079/000121390024080768/ea0215319-01_8k.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-080768

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