XAI Octagon Trust Files 8-K for Agreement Changes

TL;DR

XAI Octagon Trust made material agreement changes on April 3rd, filing an 8-K.

AI Summary

On April 3, 2024, XAI Octagon Floating Rate & Alternative Income Trust entered into a material definitive agreement and terminated another. The filing also includes financial statements and exhibits related to these events.

Why It Matters

This filing indicates significant changes in the trust's contractual agreements, which could impact its operations and financial structure.

Risk Assessment

Risk Level: medium — Material definitive agreements and terminations can signal significant shifts in a company's strategy or financial health, warranting closer examination.

Key Players & Entities

• XAI Octagon Floating Rate & Alternative Income Trust (company) — Filer of the 8-K report
• April 3, 2024 (date) — Date of the earliest event reported
• April 8, 2024 (date) — Date of the report

FAQ

Key Financial Figures

• $25.00 — ferred Shares (Liquidation Preference $25.00) XFLTPRA New York Stock Exchange

Filing Documents

• ea0203379-01_8k.htm (8-K) — 35KB
• ea0203379-01_ex101.htm (EX-10.1) — 93KB
• 0001213900-24-031328.txt ( ) — 360KB
• xflt-20240403.xsd (EX-101.SCH) — 4KB
• xflt-20240403_def.xml (EX-101.DEF) — 26KB
• xflt-20240403_lab.xml (EX-101.LAB) — 36KB
• xflt-20240403_pre.xml (EX-101.PRE) — 25KB
• ea0203379-01_8k_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) (the "Trust") has entered into a new Investment Sub-Advisory Agreement (the "New Sub-Advisory Agreement") among the Trust, XA Investments, LLC (the "Adviser") and Octagon Credit Investors, LLC ("Octagon"), dated as of April 3, 2024. The New Sub-Advisory Agreement was entered into upon the closing of the acquisition of Octagon's parent company, Conning Holdings Limited, by Generali Investment Holdings, an entity comprising the majority of asset management activities of Generali Group (the "Transaction"). Upon the closing of the Transaction, the previous investment sub-advisory agreement (the "Previous Sub-Advisory Agreement") among the Trust, the Adviser and Octagon terminated pursuant to its terms. The New Sub-Advisory Agreement was approved by shareholders of the Trust at a special meeting of shareholders held on December 19, 2023 and adjourned to January 24, 2024. The Trust's current investment adviser, its investment strategy and fee structure will remain unchanged. Under the New Sub-Advisory Agreement, Octagon will continue to provide investment advisory services to the Trust under terms that are substantially similar in all respects to those of the Previous Sub-Advisory Agreement and for the same fees that are currently in effect. The foregoing description of the New Sub-Advisory Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the New Sub-Advisory Agreement filed with this report as Exhibit 10.1 and incorporated herein by reference.

02 Termination of a Material Definitive Agreement

Item 1.02 Termination of a Material Definitive Agreement The relevant information relating to the termination of the Previous Sub-Advisory Agreement contained in Item 1.01 above is hereby incorporated by reference into this Item 1.02.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits 10.1 Investment Sub-Advisory Agreement among the Trust, XA Investments, LLC and Octagon Credit Investors, LLC 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. XAI OCTAGON FLOATING RATE & ALTERNATIVE INCOME TRUST Date: April 8, 2024 By: /s/ Benjamin D. McCulloch Name: Benjamin D. McCulloch Title: Secretary and Chief Legal Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR