PC · PRIVATE CREDIT

Octagon XAI CLO Income Fund

XA Investments LLC · Interval Fund (CLO)

Program Overview

Interval Fund (CLO)

Peer Group Filters

Objectives: IncomeTotal Return
Asset Class: Private Credit
Vehicle: Interval Fund
Single / Multi Asset: Multi-Asset

Sponsor/Manager

XA Investments LLC

Asset Class

Private Credit

Issuer

Octagon XAI CLO Income Fund

Issuer Legal Structure

Delaware Statutory Trust

Program Life Structure

Evergreen

Securities Offered

Equity - Class A Shares (OCTAX)Equity - Class I Shares (OCTIX)

Target Leverage

Maximum 33% debt-to-total-assets No borrowings or credit facility (3/31/2026). Leverage is $4M 5.75% term preferred (6/1/2026), 7.69% of Managed Assets, held by the Adviser and principals; mandatory redemption 6/30/2027. Limits: 300% asset coverage on debt, 200% on preferred. CLO tranches carry embedded leverage.

Strategy Risk/Return Profile

Managing Broker-Dealer

Paralel Distributors LLC

Scale

457,088 Class A Shares outstanding · 1,531,233 Class I Shares outstanding · 400,000 Series 2027 Term Preferred Shares outstanding

Minimum Investment

$2,500

Class A Shares (OCTAX) · waivable

Strategy Overview

The prospectus states the Fund seeks high income and total return. Under normal conditions it invests at least 80% of net assets (plus borrowings for investment purposes) in CLO securities, including CLO debt and CLO equity, with CLO equity capped at 20% of Managed Assets and no more than 30% rated below B3/B-. Holdings are primarily below investment grade. The Fund may use leverage to 1940 Act limits; it has no credit facility and issued $4M of term preferred shares on 6/1/2026. A broader mandate proposed with the King Street sub-adviser did not take effect.

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