XAI Floating Rate & Alternative Income Trust Announces Final Results of Tender Offer
Key Highlights
- ➤Tender offer accepted 1,903,861 shares, representing approximately 12.5% of outstanding shares
- ➤7,331,021 shares validly tendered, producing a 26.01% pro-ration factor
- ➤Purchase price set at $21.0602 per accepted share, equal to 98% of NAV
- ➤13,327,023 common shares remain outstanding after the tender offer
CHICAGO, Oct. 21, 2026 (GLOBE NEWSWIRE) -- XAI Floating Rate & Alternative Income Trust (NYSE: XFLT) (the “Fund”), announced today the final results of its Tender Offer (the “Tender Offer”), which commenced September 18, 2026, and expired at 11:59 p.m., Eastern Time, on October 19, 2026. The Tender Offer was for up to 1,903,861 (approximately 12.5%) of the Fund’s outstanding common shares of beneficial interest, par value $0.01 per share (“Common Shares”). The purchase price of validly tendered and accepted Common Shares for the Fund will be 98% of the Fund's net asset value (“NAV”) as of the close of regular trading on the New York Stock Exchange on October 20, 2026.
The table below shows the final results of the Tender Offer as calculated by Computershare Trust Company, N.A. the depositary for the Tender Offer (the “Depositary”):
Get started
Create a free account to read the full story.