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