XFLT Research | Milton Maxwell

XFLT

XAI Octagon Floating Rate & Alternative Income Trust

4.5900

-0.0300-0.65%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

349.55M

P/E (TTM)

28.69

Basic EPS (TTM)

0.16

Dividend Yield

Recent Filings

8-K

XFLT issues $50M preferred shares

10/23/25Oct 23, 2025

XAI Octagon Floating Rate & Alternative Income Trust issued 5 million Series A Mandatory Redeemable Preferred Shares at $10 each on October 21, 2025, netting $50 million to refinance leverage, including redeeming its 6.50% Series 2026 Term Preferred Shares, while planning another 2.3 million shares by December 18. These senior securities carry a 5.92% annual dividend rate, payable quarterly from January 31, 2026, and mandatory redemption on January 31, 2031. The move bolsters capital structure amid asset coverage mandates, yet ties up funds in fixed obligations.

8-K

Trust redeems preferred shares

10/10/25Oct 10, 2025

XAI Octagon Floating Rate & Alternative Income Trust announced the full redemption of its 1,596,000 outstanding 6.50% Series 2026 Term Preferred Shares on October 31, 2025, at $25.00 per share, matching the liquidation preference. Holders will receive accumulated dividends of $0.40625 per share for the July 31 to October 30 period, paid to those on record as of October 15. Redemption proceeds via DTC and paying agent Equiniti Trust Company. This clears the 2026 maturity early, streamlining capital structure.

8-K

XFLT refinances $300M credit line

3/26/25Mar 26, 2025

XAI Octagon Floating Rate & Alternative Income Trust secured a $300 million senior revolving credit facility from BNP Paribas on March 21, 2025, replacing its prior agreement with Société Générale. The two-year deal, at SOFR plus 1.48%, drew $237 million to repay old borrowings, keeping leverage at 39.73% of managed assets. Leverage amplifies returns but heightens risks.

8-K

XFLT issues convertible preferred shares

10/11/24Oct 11, 2024

XAI Octagon Floating Rate & Alternative Income Trust issued and sold 200,000 shares of its 6.95% Series II 2029 Convertible Preferred Shares at $23.25 each on October 10, 2024, netting approximately $4.65 million before expenses. This tranche advances the June 2024 purchase agreement for up to 1.8 million shares, exempt from registration under Section 4(a)(2). The issuance bolsters the Trust's capital base. Yet, full completion remains pending through December 2025.

8-K

Trust issues convertible preferred shares

10/2/24Oct 2, 2024

XAI Octagon Floating Rate & Alternative Income Trust issued and sold 400,000 Series II 2029 Convertible Preferred Shares at $23.25 each on October 1, 2024, netting approximately $9.3 million before expenses. This tranche under a June 2024 purchase agreement brings total outstanding shares to 1,600,000, with up to 200,000 more possible by December 2025. The unregistered sale bolsters the Trust's capital base. Yet risks linger in conversion terms.