SUBSCRIPTION AGREEMENT
Exhibit (p)
FOR COMMON SHARES OF BENEFICIAL INTEREST OF
Axonic Alternative Income Fund (AAIDX)
Axonic Alternative Income Fund (AAIDX)
The undersigned hereby subscribes for and agrees to purchase 4,000 common shares of beneficial interest having no par value (the "Shares"), of Axonic Alternative Income Fund, a Delaware
statutory trust (the "Trust"), at a price of $25.00 per Share, and hereby agrees to
contribute cash to the Trust on the date
hereof as consideration for the Shares in the amount of $100,000.00 with a trade date of 11/30/2018 (the "Consideration").
The undersigned further agrees to execute and deliver any and all
documents or certificates necessary to transfer the Consideration to the Trust in full payment for the Shares subscribed for hereunder.
Date: 11/30/2018
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Very truly yours,
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Xxxx Flaws
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Authorized Signatory
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Axonic Capital LLC
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