Key Takeaways
- • XAI Floating Rate & Alternative Income Trust (NYSE: XFLT) announced final results of its tender offer, which expired at 11:59 p.m. ET on October 19, 2026, after commencing September 18, 2026.
- • The fund received 7,331,021 common shares validly tendered against an offer for up to 1,903,861 shares (approximately 12.5% of outstanding shares), resulting in a pro-ration factor of 26.01%.
- • Shares accepted for purchase are priced at $21.0602, equal to 98% of NAV as of the close of NYSE trading on October 20, 2026.
- • Following the tender offer, the fund will have 13,327,023 common shares outstanding.
Summary
XAI Floating Rate & Alternative Income Trust (NYSE: XFLT) has announced the final results of its tender offer, according to a GLOBE NEWSWIRE release dated October 21, 2026. The offer commenced September 18, 2026 and expired at 11:59 p.m. Eastern Time on October 19, 2026. It sought to purchase up to 1,903,861 common shares of beneficial interest, approximately 12.5% of the fund's outstanding shares.
According to the release, shareholders validly tendered 7,331,021 common shares, which exceeded the amount the fund offered to buy. As a result, the fund will purchase 1,903,861 shares at a pro-ration factor of 26.01%, meaning tendering shareholders had roughly one in four of their validly tendered shares accepted. The purchase price for accepted shares is $21.0602, set at 98% of the fund's net asset value as of the close of regular trading on the New York Stock Exchange on October 20, 2026. Following completion of the offer, the fund will have 13,327,023 common shares outstanding.
Computershare Trust Company, N.A. served as depositary and calculated the final results. Okapi Partners LLC is the information agent for questions regarding the offer.
The fund is advised by XA Investments LLC, a Chicago-based firm founded by XMS Capital Partners in 2016. XAI advises two listed closed-end funds, including the fund, and two non-listed vehicles offered through direct subscription and select broker-dealers and wealth management platforms. The release notes that the fund's shares are not FDIC insured, carry no bank guarantee, and may lose value.
According to the release, shareholders validly tendered 7,331,021 common shares, which exceeded the amount the fund offered to buy. As a result, the fund will purchase 1,903,861 shares at a pro-ration factor of 26.01%, meaning tendering shareholders had roughly one in four of their validly tendered shares accepted. The purchase price for accepted shares is $21.0602, set at 98% of the fund's net asset value as of the close of regular trading on the New York Stock Exchange on October 20, 2026. Following completion of the offer, the fund will have 13,327,023 common shares outstanding.
Computershare Trust Company, N.A. served as depositary and calculated the final results. Okapi Partners LLC is the information agent for questions regarding the offer.
The fund is advised by XA Investments LLC, a Chicago-based firm founded by XMS Capital Partners in 2016. XAI advises two listed closed-end funds, including the fund, and two non-listed vehicles offered through direct subscription and select broker-dealers and wealth management platforms. The release notes that the fund's shares are not FDIC insured, carry no bank guarantee, and may lose value.
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