Brombach Theodore J 4

What Happened Theodore J. Brombach, President & CEO and a director of Octagon XAI CLO Income Fund, is listed on a Form 4 as acquiring a total of 300,000 Class I shares (100,000 + 200,000) on June 1, 2026. The transactions are reported at $0.00 per share (total $0) because the Class I shares were acquired by XA Investments LLC (XAI), the trust’s investment manager, to provide required seed capital. These entries are recorded as purchases (P) but reflect indirect beneficial ownership through entities Brombach controls rather than a direct cash market buy by him personally.

Key Details

• Transaction date: 2026-06-01 (two entries: 100,000 and 200,000 shares); transaction code P = Purchase. Reported price: $0.00 for each lot.
• Total reported shares acquired: 300,000 Class I shares; reported transaction value: $0.
• Shares owned after the transaction: Not specified in the provided excerpt of the filing.
• Footnotes: F1 — Class I shares were acquired by XAI (the manager) as seed capital; Brombach may be deemed to indirectly beneficially own those shares due to his control of XAI. F2 — Separately, 5.75% Series 2027 Term Preferred Shares owned by XMS Holdings (an affiliate) may also be indirectly beneficially owned by Brombach via his control of XMS.
• Filing timeliness: The Form 4 was filed on 2026-06-10 for transactions dated 2026-06-01, which is after the typical 2-business-day reporting window and therefore appears late; late filings reduce disclosure timeliness but do not by themselves indicate wrongdoing.

Context

• These entries reflect indirect ownership via affiliated entities and a manager-provided seed capital arrangement, not a typical open-market cash purchase by the executive. For retail investors, purchases are often more informative than sales, but indirect acquisitions like this primarily document control-based beneficial ownership rather than a personal investment signal.