IPO - Octagon XAI CLO Income Fund

Form Type: 486BPOS

Filing Date: 2025-01-28

Corporate Action: Ipo

Type: New

Accession Number: 000121390025007267

Filing Summary: The Octagon XAI CLO Income Fund has filed a registration statement with the SEC under the Securities Act of 1933, indicating it is proposing a public offering of its shares, aimed at generating high income and total return. The Fund is structured as a closed-end management investment company and operates as an interval fund. It offers Class A Shares and Class I Shares with different sales loads and minimum investment requirements. The offering will permit the Fund to invest significantly in collateralized loan obligation (CLO) entities, focusing on below investment grade securities. The Fund has received exemptive relief to issue multiple classes of shares and manage subscription costs. Repurchase offers for shares will be made quarterly, which may be between 5% to 25% of the outstanding shares at net asset value. Investing in the Fund carries liquidity constraints, as shares are not anticipated to be traded on any exchange, adding to the investment risk, including potential loss of principal. Additionally, distributions are intended to occur monthly and may include returns of capital, underscoring the speculative nature of the investment.

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