XAI Floating Rate trust urges vote backing King Street sub-adviser, triggering liquidity plan, ahead of Aug. 6 meeting

• XAI Floating Rate & Alternative Income Trust urged shareholders to back King Street’s long-term sub-advisory appointment ahead of an Aug. 6 special meeting.
• Preliminary results showed more than two-thirds of engaged, non-abstaining votes supported the proposal; abstentions blocked passage at a July 30 vote.
• Approval would trigger the board’s liquidity plan, starting with an initial tender offer followed by two contingent tenders about 13 and 25 months later.
• ISS and Glass Lewis recommended voting for the board’s proposal.
• Octagon was terminated on July 30; the trust said a vote against would not reinstate it or implement its proposals.

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: 202608030850PRIMZONEFULLFEED9802446) on August 03, 2026, and is solely responsible for the information contained therein.