XAI Floating Rate & Alternative Income Trust’s 1,903,861-share tender offer is oversubscribed
XFLT•About 7,331,021 shares were tendered in XAI Floating Rate & Alternative Income Trust’s offer to buy up to 1,903,861 shares, or approximately 12.5% of shares outstanding. Purchases are expected to be prorated at 98% of net asset value, with final results expected on or about October 21, 2026.
1. Tender offer results
The tender offer expired October 19, 2026, with approximately 7,331,021 common shares tendered. The trust sought to buy up to 1,903,861 shares, approximately 12.5% of shares outstanding, and purchases are expected to be prorated based on shares properly tendered. The purchase price will be 98% of net asset value at the close of regular NYSE trading on October 20; final results, including the proration factor, are expected on or about October 21.
