Octagon urges XFLT shareholders to reject board-backed sub-adviser change

• Octagon challenged the board’s push to replace it as sub-adviser, ahead of a July 30, 2026 shareholder vote on a new sub-advisory agreement.
• Octagon argued its asset-level returns have matched or beaten benchmarks, blaming the fund’s discount to NAV on board decisions.
• It cited an “excessively high” fee structure, distribution cuts, and a “risky” capital structure as key drivers of weak shareholder outcomes.
• Octagon urged shareholders to vote against the new sub-adviser proposal, framing the move as benefiting adviser XA Investments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XAI Floating Rate & Alternative Income Trust published the original content used to generate this news brief via Business Wire (Ref. ID: 20260715815282) on July 15, 2026, and is solely responsible for the information contained therein.