XAI Octagon Floating Rate & Alternative Income Trust filings document the regulatory record for a NYSE-listed closed-end fund with common shares of beneficial interest and preferred share financing. Proxy materials cover trustee elections and shareholder voting by common and preferred holders, while Form 8-K reports address amendments to preferred-share preferences, redemptions, securities purchase agreements, and unregistered sales of mandatory redeemable preferred shares.
The filing record also includes exchange and registration matters for preferred securities, including Form 25 notices, alongside capital-structure disclosures tied to leverage, liquidation preferences, redemption terms, and fund governance.
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.
XAI Octagon Floating Rate & Alternative Income Trust reported an insider equity transaction for its Secretary and Chief Legal Officer. On 12/24/2025, the officer acquired 3,389 common shares of beneficial interest in a transaction coded "J," which typically indicates an award or other non-open-market event. The reported transaction price was $0 per share, reflecting that the shares were received as compensation rather than purchased in the market.
Following this award, the officer beneficially owned a total of 11,490.5168 common shares on a direct basis. The remarks explain that the shares were transferred to Mr. McCulloch pursuant to a compensatory award from XMS Holdings LLC, and that 217.6268 of the reported holdings were received through participation in the XFLT dividend reinvestment plan. This filing documents a routine insider compensation-related share transfer.
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 (XFLT) officer John Yogi Spence filed a Form 5 reporting his beneficial ownership for the fiscal year ended 09/30/2025. He held 550,859.238 common shares directly at year-end. In addition, he reported indirect ownership of 22,928.464 common shares through XMS Holdings LLC, 10,250 common shares through XA Investments LLC, and 9,874.915 common shares held by his spouse.
The filing explains that some of these positions changed through the XFLT Dividend Reinvestment Plan, including 7,553.144, 1,951.454, and 574.465 shares credited to various accounts, and that 8,500 shares were gifted from his direct account to his spouse’s account. The form confirms he is a vice president of XFLT and that this report is filed by one reporting person.
XAI Octagon Floating Rate & Alternative Income Trust (XFLT) received a Form 5, the annual statement of changes in beneficial ownership filed under Section 16. The filing covers the issuer’s fiscal year ended 09/30/2025 and is marked as a Form filed by one reporting person.
The reporting person is identified as an Other: Sub‑Adviser Senior Adviser. The standard tables for non‑derivative and derivative securities are included in the form. The document is signed by Andrew David Gordon on 11/14/2025.
XAI Octagon Floating Rate & Alternative Income Trust (XFLT) disclosed an annual insider ownership update on Form 5 for the fiscal year ended 09/30/2025. A director reported 2,787.469 common shares of beneficial interest, held directly, and 8,000 preferred shares, also held directly. The footnote states that the common share total includes 636.799 shares received through the XFLT Dividend Reinvestment Plan. No derivative securities were reported.