Welcome to our dedicated page for XAI Floating Rate & Alternative Income Trust SEC filings (Ticker: XFLT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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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.
Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC filed an amendment to a Schedule 13G/A reporting shared beneficial ownership of 637,994 shares of common stock of XAI Octagon Floating Rate & Alternative Income Trust. The filing states this represents 4.2% of the class, using 15,230,884 shares outstanding as of September 30, 2025, adjusted for a reverse stock split on March 20, 2026. The filers state they possess shared voting and dispositive power over the shares held by client accounts and disclaim beneficial ownership pursuant to Rule 13d-4.
XAI Octagon Floating Rate & Alternative Income Trust and XAI Madison Equity Premium Income Fund will hold a joint annual shareholder meeting on May 7, 2026, to elect Class III Trustees Scott Craven Jones and William T. Meyers for terms running until the 2029 annual meeting.
For XFLT, holders of common and preferred shares vote together; for MCN, only common shareholders vote. The board, including all independent trustees, unanimously recommends voting “FOR” both nominees. Shareholders of record at the close of business on March 27, 2026, are entitled to one vote per share and may vote by mail, telephone, Internet, or in person.
XAI Octagon Floating Rate & Alternative Income Trust vice president John Yogi Spence reported an open-market purchase of 5,000 common shares at $3.90 per share. After this transaction, his directly held stake rose to 561,791.828 common shares, highlighting additional personal capital committed to the trust.
He also reported several indirect ownership positions in the same common shares, including 10,250 shares through XA Investments LLC, 10,591.613 shares held by his spouse, and 16,678.31 shares through XMS Holdings LLC. Footnotes note that portions of these positions were received via the trust’s dividend reinvestment plan.
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.
Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC filed a Schedule 13G reporting beneficial ownership of 5,467,565 shares of XAI Octagon Floating Rate & Alternative Income Trust common stock, representing 7.2% of the class as of the event date 12/31/2025. They report shared voting and shared dispositive power over all of these shares, with no sole voting or dispositive power. The filing states that all reported securities are held in client accounts they manage and that they disclaim beneficial ownership of those securities. The ownership percentage is based on 76,154,591 shares outstanding as of September 30, 2025, as reported by the trust. The certification explains that the position is held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
XAI Octagon Floating Rate & Alternative Income Trust insider Theodore Brombach, the trust’s President, CEO and a director, reported changes in his ownership of common shares. Following the latest transactions, he beneficially owns 544,856 common shares directly, 10,250 common shares indirectly through XA Investments LLC, and 16,104.24 common shares indirectly through XMS Holdings LLC.
The filing notes that his holdings include 38,434.487 shares received through the XFLT Dividend Reinvestment Plan and that a share transaction reflects a disposition of 7,811 shares to employees. No derivative securities positions are reported in the derivative securities table.
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 an insider share transfer by a vice president. On 12/24/2025, the insider disposed of 7,811 common shares of beneficial interest at a reported price of $0, described as a share transaction reflecting a disposition of shares to employees. After this transaction, the insider directly beneficially owns 550,859.238 common shares.
The filing also shows additional indirect holdings, including 10,250 common shares held through XA Investments LLC, 10,299.901 common shares held by the insider’s spouse, and 16,104.24 common shares held through XMS Holdings LLC. The form is filed for one reporting person who serves as an officer with the title Vice President.
XAI Octagon Floating Rate & Alternative Income Trust insider Kimberly Ann Flynn reported receiving additional shares in the company. On 12/24/2025, she acquired 3,504 common shares of beneficial interest at a price of $0 per share, reflecting a compensatory transfer.
Following this transaction, Ms. Flynn directly beneficially owns 46,708 common shares. The shares were transferred to her pursuant to a compensatory award from XMS Holdings LLC, indicating this was an equity-based compensation event rather than an open-market purchase.