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:   2025-10-23T23:59:59+00:00
Accession:  0001213900-25-101655
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XAI Octagon Floating Rate & Alternative Income Trust issues $50M of 5.92% Series A MRP Shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703079/000121390025101655/0001213900-25-101655-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703079/000121390025101655/ea0262207-01_8k.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-101655

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