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XAI Floating Rate & Alternative Income Trust shareholders vote July 30 on King Street sub-advisory agreement in proxy fight

PUBT·07/26/2026 12:30:19
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XAI Floating Rate & Alternative Income Trust shareholders vote July 30 on King Street sub-advisory agreement in proxy fight
  • XFLT shareholders face a July 30, 2026 special-meeting vote on a new sub-advisory agreement with King Street’s Rockford Tower unit.
  • The board is urging support for the change, citing a yearlong review and expected performance improvement versus former sub-adviser Octagon.
  • ISS and Glass Lewis recommended backing the King Street sub-advisory agreement in the proxy contest.
  • King Street is pitched as a larger CLO platform, with about $30 billion AUM and $13 billion across US and European CLOs.
  • Young Choi, King Street partner and global head of trading, is set to become primary portfolio manager if shareholders endorse the plan.


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: 202607260830PRIMZONEFULLFEED9778182) on July 26, 2026, and is solely responsible for the information contained therein.