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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…

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Octagon Denounces Decision by the Board of Trustees of XFLT to Delay the Shareholder Vote on the Proposed Sub-Adviser Transition

Octagon Credit Investors, LLC (“Octagon,” “we” or “our”), a leading credit-focused asset manager with over 30 years of experience, issued the following statement regarding today’s adjournment of the special meeting of shareholders (the “Special Meeting”) of XAI Floating Rate & Alternative Income Tr…

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XFLT Proxy Vote: What This Shareholder Vote Is Really About

The Choice Is Between Approving King Street as Sub-Adviser or Prolonging UncertaintyThere Is No Option to Reappoint Octagon as Sub-AdviserThe Board Urges XFLT Shareholders Vote on the WHITE Card to Approve the King Street Sub-Adviser Ahead of Special Meeting of Shareholders on July 30thCHICAGO, Jul…

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Octagon Outlines a Better Path Forward for XFLT Shareholders

Octagon Credit Investors, LLC (“Octagon” or “we” or “our”), the sub-adviser to XAI Floating Rate & Alternative Income Trust (NYSE: XFLT) (the “Fund”), today issued an open letter to the Fund’s shareholders urging them to vote AGAINST the approval of a new sub-advisory agreement at the Fund’s specia…

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XFLT Outlines Numerous Benefits of the King Street Sub-Adviser Proposal to Shareholders Ahead of Upcoming Proxy Vote

Letter to XFLT Shareholders Makes the Choice Clear: The Approval of the King Street Sub-Adviser Will Potentially Enhance Distributions and Long-Term Performance With NO Fee Increase to ShareholdersLetter #3XFLT Asks Shareholders to Vote on the WHITE Proxy Card “FOR” the King Street Sub-Advisory Agr…

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What Every XFLT Shareholder Needs to Know for XFLT's Proxy Contest

Fees Will NOT Increase If Proposal Is ApprovedTerminated Sub-Adviser Octagon’s “Proven Investment Team” Responsible for -54% NAV Erosion at XFLT and Seven CLO Defaults Across Its Own PortfolioXFLT Asks Shareholders to Vote on the WHITE Proxy Card “FOR” the King Street Sub-Advisory Agreement at Spec…

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Octagon Responds to Increasingly Desperate Claims by XFLT’s Board

Octagon Credit Investors, LLC (“Octagon” or “our”), a leading credit-focused asset manager with 30 years of experience, today responded to the ongoing false claims made by XAI Floating Rate & Alternative Income Trust (NYSE: XFLT) (formerly, XAI Octagon Floating Rate & Alternative Income Trust) (the…

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