XAI Floating Rate & Alternative Income Trust seeks shareholder approval to replace terminated sub-adviser with King Street unit

• XA Investments is seeking shareholder approval to replace terminated sub-adviser Octagon with King Street’s Rockford Tower at a July 30, 2026 meeting.
• The manager blamed Octagon’s investment decisions for a 54% decline in net asset value since inception.
• The board said King Street could lift distributions and performance within the fund’s mandate, with no increase in fees.
• The manager warned a vote against the proposal would not reinstate Octagon, leaving the fund without a permanent sub-adviser.

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: 202607160910PRIMZONEFULLFEED9763401) on July 16, 2026, and is solely responsible for the information contained therein.