ContractConvertible Preferred Shares Purchase Agreement • December 12th, 2023 • XAI Octagon Floating Rate & Alternative Income Term Trust
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) (the “Trust”) entered into an Amendment dated February 23, 2032 (the “Amendment”) between the Trust, Eagle Point Credit Management LLC and the purchasers named therein (the “Purchasers”) to the Purchase Agreement between the Trust and the Purchasers dated June 28, 2022 (the “Convertible Preferred Shares Purchase Agreement”), in connection with the issuance and sale of 400,000 shares of the Trust’s 6.00% Series 2029 Convertible Preferred Shares, liquidation preference of $25.00 (the “Convertible Preferred Shares”).
