{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-101655","form_type":"8-K","ticker":"XFLT","cik":"0001703079","company_name":"XAI Octagon Floating Rate & Alternative Income Trust","filed_at":"2025-10-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.200715+00:00","generated_at":"2026-05-17T02:31:47.335069+00:00","sec_items":["1.01","3.02","5.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"XAI Octagon Floating Rate & Alternative Income Trust issues $50M of 5.92% Series A MRP Shares","bullets":["First closing of 5,000,000 MRP Shares at $10.00/sh; net proceeds ~$50M.","Second closing of 2,300,000 MRP Shares expected Dec 18, 2025, for additional $23M.","5.92% annual dividend ($0.592/sh), payable quarterly; mandatory redemption Jan 31, 2031.","Proceeds to refinance leverage, including redemption of 6.50% Series 2026 Term Preferred Shares.","MRP Shares sold in private placement under Section 4(a)(2); not listed on any exchange."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-101655","json":"https://secwatch.observer/filing/0001213900-25-101655.json","markdown":"https://secwatch.observer/filing/0001213900-25-101655.md","text":"https://secwatch.observer/filing/0001213900-25-101655.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1703079/000121390025101655/0001213900-25-101655-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1703079/000121390025101655/ea0262207-01_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:31:47.335069+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d1b9e50896579b1dc12aaec235adffc7dfffd1b1","claim":"XAI Octagon Floating Rate & Alternative Income Trust issued 5,000,000 MRP Shares of preferred stock to the Purchasers for $10.00 per share.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1703079/000121390025101655/0001213900-25-101655-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"preferred stock"},{"label":"Shares","value":"5,000,000 MRP Shares"},{"label":"Purchaser","value":"the Purchasers"},{"label":"Consideration","value":"$10.00 per share"}],"fact_type":"equity_issuance"},{"claim_id":"cd5df98946598d168bbcd43600025b22424804cb","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1703079/000121390025101655/0001213900-25-101655-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-10-21"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}