XAI Floating Rate Trust Reports Preliminary Tender Offer Results
XAI Floating Rate & Alternative Income Trust said its voluntary tender offer expired at 11:59 p.m. Eastern Time on October 19, 2026, and announced preliminary results.
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12:54:09 PM UTC
SquawkNews
The fund’s tender offer for up to 1,903,861 shares (≈12.5%) at 98% of NAV was oversubscribed, with about 7,331,021 shares tendered; final proration is expected around Oct. 21, 2026.Material DetailsContext by AI AnalystThis is a late-stage update confirming investor interest in a previously announce…