Highest-materiality recent filing
Trust proposes Rockford Tower Asset Management (King Street affiliate) as new sub-adviser; shareholder vote at special meeting on/about July 30, 2026.
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 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 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 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.
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.
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