XAI Floating Rate & Alternative Income Trust to Repurchase 1,903,861 Shares at $21.0602 Each
Bitget2026/10/21 12:45- XAI Floating Rate & Alternative Income Trust will repurchase 1,903,861 common shares, approximately 12.5% of outstanding shares, at $21.0602 each.
- The purchase price represents 98% of net asset value at the October 20, 2026, close.
- The tender offer opened September 18, 2026, and expired October 19, 2026.
- Valid tenders totaled 7,331,021 shares, resulting in a 26.01% proration factor.
- The repurchase will leave 13,327,023 common shares outstanding.
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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