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XAI Octagon Floating Rate & Alternative Income Term Trust ( (XFLT) ) just unveiled an announcement.
On October 10, 2025, XAI Octagon Floating Rate & Alternative Income Trust announced its decision to redeem all outstanding shares of its 6.50% Series 2026 Term Preferred Shares on October 31, 2025. The redemption will occur at the liquidation preference price of $25.00 per share, with accumulated dividends paid to registered holders as of October 15, 2025. This move signifies the Trust’s strategic financial management, ensuring no outstanding dividends remain by the redemption date, potentially impacting stakeholders by altering the Trust’s financial obligations and shareholder structure.
More about XAI Octagon Floating Rate & Alternative Income Term Trust
Average Trading Volume: 545,425
Find detailed analytics on XFLT stock on TipRanks’ Stock Analysis page.