XAI Octagon Trust to Redeem Series II Preferred Shares

XAI Octagon Floating Rate & Alternative Income Term Trust ( (XFLT) ) has shared an announcement.

On December 29, 2025, holders of XAI Octagon Floating Rate & Alternative Income Term Trust’s 6.95% Series II 2029 Convertible Preferred Shares approved, and the Board accepted, an amendment to the Statement of Preferences eliminating the non-call period on this series, changing the terms governing when the trust can redeem these securities. On December 30, 2025, the trust notified investors that it intends to redeem all 1.1 million outstanding 6.95% Series II 2029 Convertible Preferred Shares on January 30, 2026, a move that alters the capital structure and affects income-oriented holders of this preferred stock.

More about XAI Octagon Floating Rate & Alternative Income Term Trust

XAI Octagon Floating Rate & Alternative Income Term Trust is a closed-end management investment company that issues term preferred shares to provide investors with exposure to floating-rate and alternative income strategies. The trust structures its capital through various series of preferred shares with defined dividend rates, maturities and redemption features tailored to income-focused investors.

Average Trading Volume: 713,895

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