Every 8-K that XAI Octagon Floating Rate & Alternative Income Trust (XFLT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow XFLT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full XFLT filings page.
XAI Floating Rate & Alternative Income Trust reports that shareholders approved a new investment sub-advisory agreement with Rockford Tower Asset Management, L.L.C. (the King Street Sub-Adviser) at a reconvened special meeting on August 6, 2026. The Trust, its Adviser and the King Street Sub-Adviser then entered into this New Sub-Advisory Agreement on August 10, 2026.
The agreement has an initial term of two years and can continue year-to-year if annually approved by the Board of Trustees or a majority of outstanding voting securities, and by a majority of trustees who are not “interested persons” of the Trust, the Adviser or the King Street Sub-Adviser. It may be terminated by the Trust or the Adviser on 60 days’ written notice to the sub-adviser, or by the sub-adviser on 60 days’ written notice to the Trust and Adviser, and it automatically terminates upon assignment or if the Trust’s advisory agreement with the Adviser ends.
XAI Floating Rate & Alternative Income Trust has appointed Rockford Tower Asset Management, L.L.C., a King Street affiliate, as interim sub-adviser after terminating its prior sub-advisory agreement with Octagon Credit Investors, LLC, effective July 30, 2026. A shareholder vote on a new sub-advisory agreement has been adjourned to August 6, 2026 to continue soliciting proxies.
The Trust’s investment adviser, investment objective, principal investment policies and advisory fee rate remain unchanged. The Adviser continues to receive an advisory fee of 1.70% of average daily Managed Assets, with the King Street sub-adviser earning 52% of that advisory fee. A related reimbursement limitation agreement caps reimbursable sub-adviser expenses at 0.07% per annum of average daily net assets, with potential reimbursement for up to three years, subject to overall operating expense limits. The interim agreement expires on the earlier of shareholder approval of the new agreement or the 150th day after effectiveness. Young Choi becomes lead portfolio manager, joined by portfolio manager Terry Ing.
XAI Octagon Floating Rate & Alternative Income Trust filed a current report to confirm a corporate name change. The trust will be renamed "XAI Floating Rate & Alternative Income Trust", effective June 8, 2026. The filing does not describe any change to its securities, which continue to trade on the NYSE under the symbol XFLT.
XAI Octagon Floating Rate & Alternative Income Trust plans to appoint Rockford Tower Asset Management, an affiliate of King Street Capital Management, as its new investment sub-adviser, subject to shareholder approval. King Street is a large alternative asset manager with more than $30 billion under management, including over $12 billion in U.S. and European CLOs.
XA Investments remains the primary adviser and the Trust’s advisory fee stays at 1.70% of average daily Managed Assets, with no incentive fees. Octagon Credit Investors will resign as sub-adviser around July 30, 2026, when shareholders are expected to vote on the new sub-advisory agreement and a Trust name change to “XAI Floating Rate & Alternative Income Trust.” The Trust’s investment objective and core 80% allocation to floating rate and structured credit instruments are expected to remain unchanged.
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.
XAI Octagon Floating Rate & Alternative Income Trust reported actions affecting its 6.95% Series II 2029 Convertible Preferred Shares. Holders of these preferred shares approved Amendment No. 1 to Appendix D of the Statement of Preferences, effective as of June 10, 2024, which eliminates the Non-Call Period applicable to this series.
After this change, on December 30, 2025, the Trust gave notice of its intent to call for redemption all 1,100,000 issued and outstanding 6.95% Series II 2029 Convertible Preferred Shares on January 30, 2026. These shares have a par value of $0.01 per share and a liquidation preference of $25.00 per share.
XAI Octagon Floating Rate & Alternative Income Trust reported it completed another tranche of its preferred equity financing. On December 18, 2025, the trust issued and sold 2,300,000 Series A Mandatory Redeemable Preferred Shares with a liquidation preference of $10.00 per share in a private transaction under Section 4(a)(2) of the Securities Act.
The sale price was $10.00 per preferred share, and the trust received net proceeds (before expenses) of approximately $23 million, providing additional capital to the vehicle. After this closing, the trust had 7,300,000 of these preferred shares issued and outstanding.
XAI Octagon Floating Rate & Alternative Income Trust agreed to issue and sell up to 7,300,000 Series A Mandatory Redeemable Preferred Shares (MRP) at $10.00 per share in two private transactions under Section 4(a)(2). On October 21, 2025, the Trust closed the first tranche of 5,000,000 MRP Shares, receiving approximately $50 million in net proceeds before expenses, and intends to use the funds to refinance existing leverage, including redeeming its 6.50% Series 2026 Term Preferred Shares, and for general corporate purposes.
The Purchasers committed to buy an additional 2,300,000 MRP Shares at a second closing on December 18, 2025. The MRP Shares carry a 5.92% annual dividend on the $10.00 liquidation preference, payable quarterly on January 31, April 30, July 31 and October 31, starting January 31, 2026. They rank senior to common shares, are on parity with the Trust’s other preferred, and must be redeemed on January 31, 2031 at liquidation preference plus unpaid dividends. Optional redemptions include a make‑whole feature, and asset coverage tests at 225% and 200% trigger optional or mandatory redemptions, respectively. The MRP Shares will not be listed and transfers require the Trust’s consent.
XAI Octagon Floating Rate & Alternative Income Trust will redeem all 1,596,000 outstanding 6.50% Series 2026 Term Preferred Shares on October 31, 2025 at $25.00 per share, equal to their liquidation preference.
Holders of these preferred shares will also receive accumulated quarterly dividends of $0.40625 per share for the period from July 31, 2025 to October 30, 2025, payable to shareholders of record on October 15, 2025. After the redemption and dividend payment, the trust expects no accumulated unpaid dividends on this series, and the redeemed shares will cease to be outstanding.