XFLT authorizes ATM offering of up to 15M common shares at a minimum of NAV plus commission

XAI Octagon Floating Rate & Alternative Income Trust

Entered Distribution Agreement with Paralel Distributors LLC on June 4, 2024 for at-the-market offering of up to 15,000,000 common shares.
Minimum sale price per share equals current NAV plus per-share commission to the Distributor.
UBS Securities LLC serves as sub-placement agent under a separate Sub-Placement Agent Agreement dated June 4, 2024.
Offering made under existing shelf registration statement (File No. 333-261521) filed on Form N-2.

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