John Yogi Spence, Vice President of XAI Floating Rate & Alternative Income Trust, has reported a transaction involving the acquisition of 1,000 shares of the trust. This transaction, filed on October 26, 2026, is significant as it reflects Spence's ongoing investment in the company.
Spence's acquisition occurred on October 23, 2026, at a price of $16.50 per share. Following this transaction, he now owns a total of 115,357 shares directly. This move indicates a strong confidence in the trust's performance and future prospects.
Background
XAI Floating Rate & Alternative Income Trust operates in the financial services sector, focusing on providing alternative income solutions. The trust has undergone several name changes in recent years, reflecting its evolving strategy and focus within the investment landscape.
What the Filing Says
The filing states, "Transaction Date: 2026-10-23, Shares Acquired: 1,000, Transaction Price: $16.50." This acquisition is part of Spence's broader investment strategy.
Impact
This transaction may affect shareholders and potential investors in the trust, as it reflects insider confidence in the company's future. Spence's role as Vice President further emphasizes the importance of this acquisition.
What's Next
The filing does not say what happens next.
Additional Ownership Details
In addition to the 115,357 shares directly owned by Spence, the filing reveals that he has indirect ownership of shares through various entities. Specifically, he holds 2,050 shares via XA Investments LLC, 2,118 shares by his spouse, and 3,646.94 shares through XMS Holdings LLC. This diversified ownership structure indicates a broader commitment to the trust beyond his direct holdings.
Reverse Stock Split and Dividend Reinvestment
The filing notes that the reported ownership reflects a 1 for 5 reverse stock split that took effect on March 20, 2026. Furthermore, it includes shares acquired through the XFLT Dividend Reinvestment Plan, demonstrating Spence's strategy to reinvest dividends back into the trust, thereby increasing his stake.
Company Background
XAI Floating Rate & Alternative Income Trust, incorporated in Delaware, has undergone several name changes, with the most recent being on February 2, 2024, when it transitioned from XAI Octagon Floating Rate & Alternative Income Trust. This evolution reflects the trust's adaptive strategies in the financial market.
Contact Information
The trust is headquartered at 321 North Clark Street #2430, Chicago, IL 60654, with a business phone number of (312) 374-6930, providing a point of contact for stakeholders seeking further information.