XAI Octagon Floating Rate & Alternative Income Trust Announces Annual Meeting
Ticker: XFLT · Form: DEF 14A · Filed: Apr 12, 2024 · CIK: 1703079
| Field | Detail |
|---|---|
| Company | Xai Octagon Floating Rate & Alternative Income Trust (XFLT) |
| Form Type | DEF 14A |
| Filed Date | Apr 12, 2024 |
| Risk Level | low |
| Pages | 14 |
| Reading Time | 16 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: XFLT, Annual Meeting, Trustee Election, Proxy Statement, Shareholder Vote
TL;DR
<b>XAI Octagon Floating Rate & Alternative Income Trust will hold its annual shareholder meeting on May 21, 2024, to elect Trustee nominees.</b>
AI Summary
XAI Octagon Floating Rate & Alternative Income Trust (XFLT) filed a Proxy Statement (DEF 14A) with the SEC on April 12, 2024. The annual meeting of shareholders for XAI Octagon Floating Rate & Alternative Income Trust (XFLT) will be held on May 21, 2024. Shareholders will vote on the election of Trustee nominees. Theodore J. Brombach is nominated as a Class I Trustee for Common and Preferred Shares. Danielle Cupps is nominated as a Class I Trustee for Preferred Shares. The meeting will take place at the offices of XA Investments LLC in Chicago, Illinois.
Why It Matters
For investors and stakeholders tracking XAI Octagon Floating Rate & Alternative Income Trust, this filing contains several important signals. Shareholders have the opportunity to vote on the composition of the Trust's Board of Trustees, directly influencing governance and strategic direction. The election of Trustees is a critical governance event that can impact the Trust's future performance and shareholder value.
Risk Assessment
Risk Level: low — XAI Octagon Floating Rate & Alternative Income Trust shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.
Analyst Insight
Review the Trustee nominees and consider voting your proxy to influence the Trust's governance.
Key Numbers
- May 21, 2024 — Annual Meeting Date (Date of the annual meeting of shareholders)
- 2027 — Trustee Term End (Term end for elected Trustees)
Key Players & Entities
- XAI Octagon Floating Rate & Alternative Income Trust (company) — Registrant
- XFLT (company) — Abbreviation for the Trust
- May 21, 2024 (date) — Date of Annual Meeting
- Theodore J. Brombach (person) — Nominee for Trustee
- Danielle Cupps (person) — Nominee for Trustee
- XA Investments LLC (company) — Investment Adviser
- Chicago, Illinois (location) — Meeting Location
FAQ
When did XAI Octagon Floating Rate & Alternative Income Trust file this DEF 14A?
XAI Octagon Floating Rate & Alternative Income Trust filed this Proxy Statement (DEF 14A) with the SEC on April 12, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by XAI Octagon Floating Rate & Alternative Income Trust (XFLT).
Where can I read the original DEF 14A filing from XAI Octagon Floating Rate & Alternative Income Trust?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by XAI Octagon Floating Rate & Alternative Income Trust.
What are the key takeaways from XAI Octagon Floating Rate & Alternative Income Trust's DEF 14A?
XAI Octagon Floating Rate & Alternative Income Trust filed this DEF 14A on April 12, 2024. Key takeaways: The annual meeting of shareholders for XAI Octagon Floating Rate & Alternative Income Trust (XFLT) will be held on May 21, 2024.. Shareholders will vote on the election of Trustee nominees.. Theodore J. Brombach is nominated as a Class I Trustee for Common and Preferred Shares..
Is XAI Octagon Floating Rate & Alternative Income Trust a risky investment based on this filing?
Based on this DEF 14A, XAI Octagon Floating Rate & Alternative Income Trust presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.
What should investors do after reading XAI Octagon Floating Rate & Alternative Income Trust's DEF 14A?
Review the Trustee nominees and consider voting your proxy to influence the Trust's governance. The overall sentiment from this filing is neutral.
How does XAI Octagon Floating Rate & Alternative Income Trust compare to its industry peers?
XAI Octagon Floating Rate & Alternative Income Trust is a closed-end investment company. This filing pertains to its annual shareholder meeting and governance.
Are there regulatory concerns for XAI Octagon Floating Rate & Alternative Income Trust?
This filing is a DEF 14A (Definitive Proxy Statement) filed under the Securities Exchange Act of 1934, requiring disclosure of information for shareholder voting.
Industry Context
XAI Octagon Floating Rate & Alternative Income Trust is a closed-end investment company. This filing pertains to its annual shareholder meeting and governance.
Regulatory Implications
This filing is a DEF 14A (Definitive Proxy Statement) filed under the Securities Exchange Act of 1934, requiring disclosure of information for shareholder voting.
What Investors Should Do
- Review the proxy statement for details on Trustee nominees.
- Vote your shares by the deadline to participate in the election of Trustees.
- Confirm the meeting details and location if planning to attend in person.
Key Dates
- 2024-05-21: Annual Meeting of Shareholders — Shareholders will vote on electing Trustee nominees.
Year-Over-Year Comparison
This is a DEF 14A filing for the annual meeting, indicating routine corporate governance procedures.
Filing Stats: 4,124 words · 16 min read · ~14 pages · Grade level 12.4 · Accepted 2024-04-12 16:14:03
Key Financial Figures
- $0.01 — hares of beneficial interest, par value $0.01 per share (“Common Shares”
Filing Documents
- ea0203677-01_def14a.htm (DEF 14A) — 459KB
- tproxy_001.jpg (GRAPHIC) — 861KB
- tproxy_002.jpg (GRAPHIC) — 1012KB
- tproxy_003.jpg (GRAPHIC) — 915KB
- tproxy_004.jpg (GRAPHIC) — 994KB
- 0001213900-24-032558.txt ( ) — 5672KB
From the Filing
DEF 14A 1 ea0203677-01_def14a.htm DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON , D.C. 20549 _______________ SCHEDULE 14A _______________ Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.      ) Filed by the Registrant   Filed by a Party other than the Registrant   Check the appropriate box:   Preliminary Proxy Statement   Confidential, for Use of the Commission Only (as permitted by Rule 14a -6 (e)(2))   Definitive Proxy Statement   Definitive Additional Materials   Soliciting Material Pursuant to §240.14a -12 XAI Octagon Floating Rate & Alternative Income Trust (Name of Registrant as Specified in Its Charters) _____________________________________________________________ (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box):   No fee required.   Fee paid previously with preliminary materials.   Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14(a) -6 (i)(1) and 0 -11 .   XAI OCTAGON FLOATING RATE & ALTERNATIVE INCOME TRUST 321 North Clark Street Chicago, Illinois 60654 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS To be held on May 21, 2024 Notice is hereby given to the shareholders of XAI Octagon Floating Rate & Alternative Income Trust (“XFLT” or the “Trust”) that the annual meeting of shareholders of the Trust (the “Annual Meeting”) will be held at the offices of the Trust’s investment adviser, XA Investments LLC, 321 North Clark Street, Suite 2430, Chicago, Illinois 60654 on Tuesday, May 21, 2024, at 8:30 a.m. (Central time). The Annual Meeting is being held for the following purposes: 1.        To elect the Trustee nominees named in the accompanying proxy statement, as follows: (a)       Theodore J. Brombach as a Class I Trustee to be elected by the holders of Common Shares and Preferred Shares, voting together as a single class, to serve until the Trust’s 2027 annual meeting of shareholders or until his successor shall have been elected and qualified. (b)      Danielle Cupps as a Class I Trustee to be elected by the holders of Preferred Shares, voting as a separate class, to serve until the Trust’s 2027 annual meeting of shareholders or until her successor shall have been elected and qualified. 2.        To transact such other business as may properly come before the Annual Meeting or any adjournments, postponements or delays thereof. THE BOARD OF TRUSTEES OF THE TRUST (THE “BOARD”), INCLUDING THE INDEPENDENT TRUSTEES, UNANIMOUSLY RECOMMENDS THAT YOU VOTE “FOR” THE NOMINEES OF THE BOARD. The Board has fixed the close of business on March 28, 2024 as the record date for the determination of shareholders entitled to notice of, and to vote at, the Annual Meeting and any adjournments, postponements or delays thereof. It is important that your shares be represented at the Annual Meeting in person or by proxy. Whether or not you plan to attend the Annual Meeting, we urge you to complete, sign, date, and return the enclosed proxy card in the postage paid envelope provided or vote via telephone or the Internet pursuant to the instructions on the enclosed proxy card so you will be represented at the Annual Meeting. If you attend the Annual Meeting and wish to vote during the Annual Meeting, you will be able to do so and your vote at the Annual Meeting will revoke any proxy you may have submitted. Merely attending the Annual Meeting, however, will not revoke any previously submitted proxy.   By order of the Board:     /s/ Theodore J. Brombach     Theodore J. Brombach     Trustee, President and Chief Executive Officer Chicago, Illinois April 12, 2024   YOUR VOTE IS IMPORTANT PLEASE COMPLETE, SIGN, DATE AND RETURN THE ENCLOSED PROXY CARD IN THE POSTAGE -PAID ENVELOPE PROVIDED OR VOTE VIA TELEPHONE OR THE INTERNET PURSUANT TO THE INSTRUCTIONS ON THE ENCLOSED PROXY CARD. IN ORDER TO SAVE THE TRUST ANY ADDITIONAL EXPENSE OF FURTHER SOLICITATION, PLEASE MAIL YOUR PROXY CARD OR VOTE VIA TELEPHONE OR THE INTERNET PROMPTLY. IF YOU WISH TO ATTEND THE ANNUAL MEETING AND VOTE IN PERSON, YOU WILL BE ABLE TO DO SO. IF YOU INTEND TO ATTEND THE ANNUAL MEETING IN PERSON AND YOU ARE A RECORD HOLDER OF SHARES, IN ORDER TO GAIN ADMISSION Y