XAI Octagon Floating Rate & Alternative Income Term Trust Closes Public Offering of Common Shares
XAI Octagon Floating Rate & Alternative Income Trust Common Shares of Beneficial Interest (XFLT)
US:NYSE Investor Relations:
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Company Research
Source: Business Wire
CHICAGO--(BUSINESS WIRE)--XAI Octagon Floating Rate & Alternative Income Term Trust (the “Trust”) (NYSE: XFLT), a diversified, closed-end management investment company with an investment objective to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle, has closed its previously announced underwritten public offering of 960,000 common shares of beneficial interest (“Common Shares”) at an offering price of $8.36 per Common Share. In connection with the offering, the underwriters partially exercised the over-allotment option to purchase 138,500 additional Common Shares at the public offering price to cover over-allotments.As a result, the Trust received net proceeds from the offering, including the aforementioned exercise of the over-allotment option, of approximately $8.42 million. The Trust intends to invest the net proceeds from the offering in accordance with its investment objective and policies.National Securities Corpor
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XFLT
News
- XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.085 per ShareBusiness Wire
- Kimberly Flynn Promoted to President of XA Investments LLCBusiness Wire
- XFLT: Fund Your Retirement Income With This 14% Yielding CEF [Seeking Alpha]Seeking Alpha
- XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution and Quarterly Preferred Shares DividendBusiness Wire
- XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.085 per ShareBusiness Wire
XFLT
Sec Filings
- 4/12/24 - Form DEF
- 4/9/24 - Form 8-K
- 4/5/24 - Form 8-K
- XFLT's page on the SEC website