XAI Octagon Floating Rate & Alternative Income Term Trust Prices Public Offering of Common Shares
(WorldNews Business)

CHICAGO--(BUSINESS WIRE)--Nov 15, 2019-- XAI Octagon Floating Rate & Alternative Income Term Trust (the `Trust`) (NYSE: XFLT), a diversified, closed-end management investment company with an investment objective to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle, has priced its previously announced underwritten public offering of common shares of beneficial interest (`Common Shares`) pursuant to the Fund´s effective shelf registration statement filed with the U.S. Securities and Exchange Commission (the `SEC`). The Trust agreed to sell 960,000 Common Shares at a price to the public of $8.36 per Common Share. In addition, the...