XAI Octagon Floating Rate & Alternative Income Trust Announces 1-For-5 Reverse Stock Split and Effective Date

CHICAGO, March 06, 2026 (GLOBE NEWSWIRE) -- XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) (the “Trust”) today announced that its Board of Trustees has approved the implementation of a 1-for-5 reverse stock split (the “Reverse Stock Split”) of the Trust’s common shares of beneficial interest, par value $0.01 per share (the “Common Shares”).

As a result of the Reverse Stock Split, every five (5) Common Shares issued and outstanding will be automatically combined into one (1) issued and outstanding Common Share, without any change in the par value per share. The Reverse Stock Split will affect all common shareholders uniformly and will not alter any shareholder’s percentage of ownership interest in the Trust, except for adjustments that may result from the treatment of fractional shares.

The Reverse Stock Split is expected to become effective at 5:00pm Eastern Time on March 20, 2026. Shares of the Trust’s Common Shares are expected to begin trading on a post‑split basis on the New York Stock Exchange (“NYSE”) at the opening of the market on March 23, 2026, under the existing ticker symbol “XFLT.” The new CUSIP number for the Trust’s Common Shares following the Reverse Stock Split will be 98400T 304.

Once the Reverse Stock Split goes into effect on March 20, 2026, the following previously announced monthly distribution of $0.060 per share will be increased as follows:

Ex-Dividend Date	Record Date	Payable Date	Amount Per Share After 1-for-5 Reverse Stock Split
March 16, 2026	March 16, 2026	April 1, 2026	$0.30

No fractional shares will be issued as a result of the Reverse Stock Split. Any shareholder who would otherwise be entitled to receive a fractional share as a result of the Reverse Stock Split will receive cash in lieu of such fractional shares.

The number of authorized Common Shares of the Trust will remain unchanged as a result of the Reverse Stock Split.

Shareholders who hold their Common Shares through a bank, broker, or other nominee do not need to take any action in connection with the Reverse Stock Split. Shareholders holding Common Shares in book‑entry form will receive a transaction confirmation reflecting the Reverse Stock Split from the Trust’s transfer agent, Equiniti Trust Company, regarding their post-split Common Share ownership.