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The latest announcement is out from XAI Octagon Floating Rate & Alternative Income Term Trust ( (XFLT) ).
On October 21, 2025, XAI Octagon Floating Rate & Alternative Income Term Trust announced the issuance and sale of 7,300,000 Series A Mandatory Redeemable Preferred Shares, with an initial sale of 5,000,000 shares generating approximately $50 million in net proceeds. The funds are intended for refinancing existing leverage and general corporate purposes, with the remaining shares to be sold in December 2025. The preferred shares, which pay a quarterly dividend, are senior to common shares in terms of dividend payment and asset distribution, and are subject to redemption under specific conditions.
More about XAI Octagon Floating Rate & Alternative Income Term Trust
XAI Octagon Floating Rate & Alternative Income Term Trust operates in the financial industry, focusing on providing alternative income solutions through floating rate and other income-generating investments. The company primarily offers investment opportunities in preferred shares and other related financial instruments.
Average Trading Volume: 587,128
Find detailed analytics on XFLT stock on TipRanks’ Stock Analysis page.