XAI Octagon Floating Rate & Alternative Income Trust 8-K

What Happened
XAI Octagon Floating Rate & Alternative Income Trust (ticker: XFLT) filed a Form 8‑K on January 30, 2026 (Item 8.01) announcing a new series of convertible preferred shares: the 0.95% Series II 2029 Convertible Preferred Shares. The filing reports the issuance/announcement of this preferred share series with an annual rate of 0.95% and the series designation indicating 2029.

Key Details

• Filing date: January 30, 2026 (Form 8‑K, Item 8.01 — Other Events).
• Security: Series II 2029 Convertible Preferred Shares, stated rate: 0.95%.
• Instrument type: Convertible preferred stock (may convert into common shares under specified terms).
• The 8‑K announced the series; the summary provided does not specify number of shares issued, gross proceeds, or conversion ratio.

Why It Matters
Preferred shares have payment priority over common stock dividends and can affect the company’s capital structure. Because these are convertible, they could lead to future dilution of common shareholders if conversions occur. The 0.95% rate indicates the dividend/coupon on these preferreds — a key detail for income-focused investors — but investors should review the full 8‑K for conversion terms, issuance size, and any impact on NAV or dividend policy before drawing conclusions.