XAI Floating Rate & Alternative Income Trust launches tender offer for up to 1,903,861 shares at 98% of NAV

Bitget2026/09/18 23:30

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XAI Floating Rate & Alternative Income Trust launched a cash tender offer for up to 1,903,861 common shares, about 12.5% outstanding.
Offer price set at 98% of NAV per share, calculated after the Oct. 19, 2026 expiration date.
Shares tendered above the limit will be accepted on a pro rata basis.
NAV was $22.95 on Sept. 11, 2026; the last NYSE sale price was $19.52, a 14.95% discount.
Plan includes up to two follow-on tender offers over the next 25 months, subject to discount or NAV performance thresholds.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XAI Floating Rate & Alternative Income Trust published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609181930PRIMZONEFULLFEED9829911) on September 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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XAI Floating Rate & Alternative Income Trust launches tender offer for up to 1,903,861 shares at 98% of NAV

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