Highest-materiality recent filing
XAI Octagon Floating Rate & Alternative Income Trust to be renamed effective June 8
Name changes from 'XAI Octagon Floating Rate & Alternative Income Trust' to 'XAI Floating Rate & Alternative Income Trust'.
Trust proposes Rockford Tower Asset Management (King Street affiliate) as new sub-adviser; shareholder vote at special meeting on/about July 30, 2026.
XAI Octagon redeems all 1.1M Series II 2029 convertible preferred shares on Jan 30, 2026
Redemption of all 1,100,000 issued and outstanding 6.95% Series II 2029 Convertible Preferred Shares.
XFLT to redeem all 1.1M 6.95% Series II Preferred Shares on Jan 30, 2026
Notice of full redemption of 6.95% Series II 2029 Convertible Preferred Shares on Jan 30, 2026.
XAI Octagon issues 2.3M Series A MRP Shares for ~$23M net proceeds
Issued 2,300,000 Series A Mandatory Redeemable Preferred Shares at $10 per share on Dec 18, 2025.
XAI Octagon Floating Rate & Alternative Income Trust issues $50M of 5.92% Series A MRP Shares
First closing of 5,000,000 MRP Shares at $10.00/sh; net proceeds ~$50M.
XFLT to redeem all 1.596M 6.50% Series 2026 Preferred Shares at $25.00 on Oct 31
Full redemption of 1,596,000 outstanding 6.50% Series 2026 Term Preferred Shares (XFLTPRA) at $25.00 per share on October 31, 2025.
XFLT enters new $300M credit facility with BNP Paribas, replacing Société Générale facility
New $300M senior secured revolving credit facility with BNP Paribas; matures March 19, 2027; SOFR + 1.48% margin; commitment fee 0.55% on unused when draw below 75%.
XAI Octagon closes $41.85M private placement of convertible preferred shares
On Oct 10, 2024, the Trust issued 200,000 Series II 2029 Convertible Preferred Shares at $23.25/share, net proceeds ~$4.65M.
XAI Octagon sells 400,000 Series II 2029 Convertible Preferred Shares for $9.3M
Issued 400,000 shares at $23.25 per share on October 1, 2024, net proceeds ~$9.3 million.
Issued 400,000 shares at $23.25 per share; net proceeds ~$9.3M.
Issued 400,000 Series II 2029 Convertible Preferred Shares at $23.25 per share on July 31, 2024.
XFLT announces private placement of convertible preferred shares raising up to $41.85M
Initial issuance of 400,000 shares at $23.25/share netting ~$9.3M on June 13, 2024.
XFLT authorizes ATM offering of up to 15M common shares at a minimum of NAV plus commission
Entered Distribution Agreement with Paralel Distributors LLC on June 4, 2024 for at-the-market offering of up to 15,000,000 common shares.
XFLT enters new sub-advisory agreement with Octagon after Generali acquisition of parent
New Sub-Advisory Agreement with Octagon Credit Investors effective April 3, 2024, upon closing of Generali's acquisition of Conning Holdings.
XFLT sells 400,000 6.95% Series 2029 Convertible Preferred Shares for $9.3M net proceeds
On April 4, 2024, XFLT issued and sold 400,000 Convertible Preferred Shares at $23.25 per share.
XFLT issues 400,000 convertible preferred shares for $9.3M net proceeds
Sold 400,000 6.95% Series 2029 Convertible Preferred Shares at $23.25/share on Feb 28, 2024.
XAI Octagon issues 400,000 convertible preferred shares, raising ~$9.3M
Issued 400,000 6.95% Series 2029 Convertible Preferred Shares at $23.25 per share.
XFLT raises ~$25M via registered direct placement of 3.5M shares; name change to perpetual trust
Sold 3,546,854 common shares at $7.0485 per share for net proceeds of ~$25M.
Shareholders approved removing termination date of Dec 31, 2029, making the trust perpetual effective Feb 1, 2024.
XAI Octagon Trust appoints new trustee and lead portfolio manager as of Jan 1, 2024
William T. Meyers appointed as interested trustee, effective Jan 1, 2024; previously Senior Advisor at XA Investments.
XFLT raises $27.9M via 6.95% Convertible Preferred Shares due 2029
Trust issued 1,200,000 shares of 6.95% Series 2029 Convertible Preferred Shares at $23.25 per share, net proceeds ~$27.9M.
XFLT Board proposes perpetual fund, new sub-advisory pact; shareholder vote Dec 19
Board unanimously approved eliminating Dec 31, 2029 termination date; fund would become perpetual if shareholders approve.
XAI Octagon replaces CCO service provider; designates Randi Roessler as new CCO
Amended services agreement with PINE Advisor Solutions effective Oct 1, 2023; PINE provides CFO and CCO services.
XFLT appoints Equiniti Trust as transfer agent, replacing DST Systems
Equiniti Trust Company appointed as sole transfer agent and registrar effective Sept 13, 2023.
XFLT replaces administrator with Paralel Technologies; fee structure changes
Paralel Technologies replaces ALPS Fund Services as administrator effective August 28, 2023.
XAI Octagon Floating Rate Trust issues 400K convertible preferred shares for ~$9.3M
Issued 400,000 additional 6.00% Series 2029 Convertible Preferred Shares at $23.25 per share.
On May 11, 2023, Trust issued 400,000 Additional Convertible Preferred Shares at $23.25/share, net proceeds ~$9.3M.
The Board of Trustees of XAI Octagon Floating Rate & Alternative Income Term Trust (the “Trust”) has appointed William T. Meyers as an interested trustee, effective as of January 1, 2024.
Max materiality 0.65 · Median 0.50 · Most common event other_material