XAI Octagon issues 2.3M Series A MRP Shares for ~$23M net proceeds

XAI Octagon Floating Rate & Alternative Income Trust

Issued 2,300,000 Series A Mandatory Redeemable Preferred Shares at $10 per share on Dec 18, 2025.
Net proceeds to the trust totaled approximately $23 million before expenses.
Following issuance, total outstanding MRP Shares reached 7,300,000 (full prior agreement amount).
Sale was exempt from registration under Section 4(a)(2) of the Securities Act.

Key facts

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 2,300,000 MRP Shares of preferred stock to Purchasers named in the Purchase Agreement for $10.00 per MRP Share.

Security: preferred stock
Shares: 2,300,000 MRP Shares
Purchaser: Purchasers named in the Purchase Agreement
Consideration: $10.00 per MRP Share

Exact text from the filing

(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 December

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Source: SEC EDGAR

accession 0001213900-25-123924

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