XAI Floating Rate & Alternative Income Trust appoints King Street sub-adviser under interim agreement; adjourns shareholder vote

XAI Floating Rate & Alternative Income Trust entered an interim sub-advisory agreement with King Street’s Rockford Tower unit after adjourning a shareholder vote on a new sub-advisory deal.Key Highlights:Original SEC Filing: XAI Floating Rate & Alternative Income Trust [ XFLT ] - 8-K - Jul. 30, 202…

XAI Floating Rate & Alternative Income Trust entered an interim sub-advisory agreement with King Street’s Rockford Tower unit after adjourning a shareholder vote on a new sub-advisory deal.

Key Highlights:

Special meeting to approve a new sub-advisory agreement was adjourned to Aug 6, 2026 to solicit additional proxies.
An Interim Sub-Advisory Agreement with Rockford Tower (King Street) became effective July 30, 2026 after prior sub-adviser Octagon terminated.
Advisory fee to Adviser remains 1.70% of average daily Managed Assets; King Street will receive 52% of that advisory fee as sub-adviser pay.
Reimbursable sub-adviser expenses capped at 0.07% of average daily net assets, with limits tied to any existing expense caps.

Original SEC Filing:

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