XAI Octagon Floating Rate & Alternative Income Term Trust Prices Public Offering of Common Shares
XAI Octagon Floating Rate & Alternative Income Trust Common Shares of Beneficial Interest (XFLT)
US:NYSE Investor Relations:
quotes.ino.com/charting/index.html?s=nyse_xflt&t=f&a=1&w=1&v=d12
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 priced its previously announced underwritten public offering of common shares of beneficial interest (“Common Shares”) pursuant to the Fund’s effective shelf registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”). The Trust agreed to sell 960,000 Common Shares at a price to the public of $8.36 per Common Share. In addition, the Trust has granted the underwriters a 45-day option to purchase up to 144,000 additional Common Shares to cover over-allotments, if any.The Trust expects to receive net proceeds from the offering, excluding the exercise of the over-allotment option, if any, of approximately $7.31 million. Assuming the full exercise
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XFLT
News
- XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.077 per ShareBusiness Wire
- XAI Octagon Floating Rate & Alternative Income Trust Will Host Q3 2024 Quarterly Webinar on December 6, 2024Business Wire
- 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
XFLT
Sec Filings
- 12/20/24 - Form 4
- 12/13/24 - Form N-CEN
- 12/3/24 - Form N-CSR
- XFLT's page on the SEC website