XAI Octagon, with a 5x increase in per-share dividends... conducting a 1-for-5 reverse stock split

TechubNews · 2026-03-07T11:23:48+00:00

XAI Octagon floating interest rate and alternative income trust fund have decided to conduct a 1-for-5 reverse stock split, with shareholders' ownership percentages remaining unchanged. The split will take effect on March 20, and trading will begin on March 23. The dividend per share will be adjusted to $0.30, and fractional shares will be paid in cash. XAI offers a variety of investment advisory services.

TechubNews

2026-03-07 11:23:48

Abstract generation in progress

XAI Octagon Floating Rate and Alternative Income Trust recently received board approval to conduct a 1-for-5 reverse stock split. After the split, every 5 shares will merge into 1 share, with the par value per share remaining unchanged. Shareholders’ ownership percentages will not be affected by this change. The reverse split will take effect at 5:00 PM Eastern Standard Time on March 20, 2026, and trading will begin on the New York Stock Exchange at the new adjusted share price starting March 23.

Following the reverse split, the previously announced dividend per share will be adjusted from $0.06 to $0.30. Any fractional shares resulting from the split will be paid in cash. The total authorized shares will remain the same.

Shareholders holding shares through banks, brokers, or other intermediaries do not need to take any additional action. XAI is committed to providing investment advisory services that meet the diverse needs of investors, with Octagon Credit Investors focusing on advisory services for low-rated debt assets.

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