Kevin Davis

- XAI Octagon Floating Rate & Alternative Income Trust (XFLT) has reached an agreement for the purchase and sale of **7,300,000** shares of its **5.92% Series A Mandatory Redeemable Preferred Shares due January 31, 2031**.  **[1703079_ee8fe96b51784e999262ee3c8b3b0891_0]** 
- The Trust expects to receive net proceeds of approximately **$71.5 million** from this sale.  **[1703079_ee8fe96b51784e999262ee3c8b3b0891_0]** 
- These preferred shares have a liquidation preference of **$10.00 per share** and will pay a quarterly dividend at a fixed annual rate of **5.92%**, equivalent to **$0.5920 per share** per year.  **[1703079_ee8fe96b51784e999262ee3c8b3b0891_0]** 
- The net proceeds from the offering will be used to **refinance existing leverage and for general corporate purposes**.  **[1703079_ee8fe96b51784e999262ee3c8b3b0891_0]**