XAI Floating Rate & Alternative Income Trust 8-K, filed Dec 19, 2025
XAI Floating Rate & Alternative Income Trust (XFLT)
About this 8-K
XAI Floating Rate & Alternative Income Trust filed this 8-K on December 19, 2025, reporting on events of December 18, 2025.
Items reported
- Item 3.02: Unregistered sale of equity
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| Item 3.02. | Unregistered Sale of Equity Securities |
As previously disclosed, on October 21, 2025, XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) (the “Trust”) entered into a securities purchase agreement (the “Purchase Agreement”) among the Trust and the purchasers named therein (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 18, 2025, the Trust issued and sold to the Purchasers 2,300,000 MRP Shares. The Trust received net proceeds (before expenses) of approximately $23 million.
Immediately after giving effect to the sale of MRP Shares on December 18, 2025, the Trust had issued and outstanding 7,300,000 MRP Shares.
For a description of the MRP Shares see the Trust’s Form 8-K filed on October 23, 2025 and the full text of the Statement of Preferences of Mandatory Redeemable Preferred Shares filed therewith as Exhibit 3.1. A copy of the Purchase Agreement was also filed as Exhibit 10.1 to the Trust’s Form 8-K filed on October 23, 2025.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| XAI OCTAGON FLOATING RATE & ALTERNATIVE INCOME TRUST | ||
| Date: December 19, 2025 | By: | /s/ Benjamin D. McCulloch |
| Name: | Benjamin D. McCulloch | |
| Title: | Secretary and Chief Legal Officer | |
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