Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
XAI Octagon Floating Rate & Alternative Income Trust issued 5,000,000 MRP Shares of preferred stock to the Purchasers for $10.00 per share.
- Security
- preferred stock
- Shares
- 5,000,000 MRP Shares
- Purchaser
- the Purchasers
- Consideration
- $10.00 per share
Exact text from the filing
On October 21, 2025, XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) (the “Trust”) entered into a securities purchase agreement (the “Purchase Agreement”) among the Trust and the purchasers named therein (the “Purchasers”), in connection with the issuance and sale of up to 7,300,000 shares of the Trust’s Series A Mandatory Redeemable Preferred Shares, liquidation preference of $10.00 (the “MRP Shares”), at a price equal to $10.00 per MRP Share, in two transactions exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933 on October 21, 2025 (the “First Closing”) and December 18, 2025 (the “Second Closing”).
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Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
XAI Octagon Floating Rate & Alternative Income Trust: Adopted Statement of Preferences establishing rights and preferences of Series A Mandatory Redeemable Preferred Shares (effective 2025-10-21).
- Change
- charter amendment
- Effective
- 2025-10-21
Exact text from the filing
On October 21, 2025, the Trust adopted the Statement of Preferences of Mandatory Redeemable Preferred Shares (the “Statement of Preferences”) establishing and fixing the rights and preferences of the MRP Shares.
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