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XAI Floating Rate trust shareholders urged to back King Street sub-adviser in Aug. 6 proxy vote

PUBT·08/02/2026 16:10:21
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XAI Floating Rate trust shareholders urged to back King Street sub-adviser in Aug. 6 proxy vote
  • XAI Floating Rate & Alternative Income Trust shareholders vote Aug. 6 on a long-term sub-advisory deal with King Street’s Rockford Tower unit.
  • ISS and Glass Lewis recommend voting for the King Street appointment; the board urges support via the white proxy card.
  • Preliminary tallies show engaged shareholders’ for-votes would have carried July 30 without the impact of abstentions.
  • Octagon was terminated as sub-adviser; an against vote will not reinstate it or enable its proposed plan.
  • Approval would trigger a liquidity plan featuring a 12.5% tender at 98% of NAV within 45 days, with up to 12.5% more via contingent tenders.


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 GlobeNewswire (Ref. ID: 202608021210PRIMZONEFULLFEED9802185) on August 02, 2026, and is solely responsible for the information contained therein.