XAI Octagon (NYSE: XFLT) fully redeems 6.95% Series II 2029 preferred

Rhea-AI Filing Summary

XAI Octagon Floating Rate & Alternative Income Trust reports that it has redeemed all 1,100,000 shares of its issued and outstanding 6.95% Series II 2029 Convertible Preferred Shares on January 30, 2026. This action, which had been previously announced, removes this series of convertible preferred securities from the Trust’s capital structure.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 30, 2026

XAI Octagon Floating Rate & Alternative Income Trust

(Exact name of registrant as specified in its charter)

Delaware		811-23247		82-235867
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

321 North Clark Street, Suite 2430, Chicago, Illinois		60654
(Address of principal executive offices)		(Zip Code)

Registrants telephone number, including area code (312) 374-6930

(Former name or former address, if changed since last report.) 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:  

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Shares of Beneficial Interest		XFLT		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 

Item 8.01 Other Events

As previously announced on December 30, 2025, the Trust redeemed all 1,100,000 shares of its issued and outstanding 6.95% Series II 2029 Convertible Preferred Shares on January 30, 2026.

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: January 30, 2026	By:	/s/ Benjamin D. McCulloch
	Name:	Benjamin D. McCulloch
	Title:	Secretary and Chief Legal Officer

FAQ

What did XAI Octagon Floating Rate & Alternative Income Trust (XFLT) announce in this 8-K?

XFLT reported that it redeemed all 1,100,000 shares of its 6.95% Series II 2029 Convertible Preferred Shares on January 30, 2026. This means that particular series of preferred securities is no longer outstanding in the Trust’s capital structure.

How many preferred shares did XFLT redeem and of which series?

The Trust redeemed all 1,100,000 shares of its 6.95% Series II 2029 Convertible Preferred Shares. These were issued and outstanding securities that have now been fully redeemed and are no longer part of the Trust’s outstanding share classes.

When did XFLT complete the redemption of its 6.95% Series II 2029 Convertible Preferred Shares?

XFLT completed the redemption on January 30, 2026. The filing notes that this redemption date applied to all 1,100,000 issued and outstanding 6.95% Series II 2029 Convertible Preferred Shares, which had been previously announced in late December 2025.

What type of security did XFLT redeem in January 2026?

The Trust redeemed a series of convertible preferred shares, specifically its 6.95% Series II 2029 Convertible Preferred Shares. All 1,100,000 issued and outstanding shares of this preferred series were redeemed and are no longer part of the Trust’s securities.

Is XFLT’s common stock affected directly by this preferred share redemption?

The 8-K states that XFLT redeemed all 1,100,000 shares of its 6.95% Series II 2029 Convertible Preferred Shares. It does not describe any direct change to the Trust’s common shares of beneficial interest, which remain listed on the New York Stock Exchange under the symbol XFLT.

Who signed the XFLT report covering the preferred share redemption?

The report was signed on behalf of XFLT by Benjamin D. McCulloch. He is identified in the filing as the Trust’s Secretary and Chief Legal Officer, executing the report under the requirements of the Securities Exchange Act of 1934.