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
- XA Investments Non-Listed Closed End Funds Third Quarter 2024 Market UpdateBusiness Wire
- XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution and Quarterly Preferred Shares DividendBusiness Wire
- Interval Fund Expert Paul Dunn to Join XA Investments Senior Advisor TeamBusiness Wire
- XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.085 per ShareBusiness Wire
XFLT
Sec Filings
- 11/15/24 - Form 5
- 11/15/24 - Form 5
- 11/15/24 - Form 5
- XFLT's page on the SEC website