GlobeNewswire·Aug 3, 2026, 8:50 AM ET

XFLT Board Urges Shareholders to Vote FOR Approval of King Street Sub-Adviser Ahead of August 6th Special Meeting

XAI Floating Rate & Alternative Income Trust (XFLT) urges shareholders to vote "FOR" the appointment of Rockford Tower Asset Management, L.L.C. (King Street Sub-Adviser) on the WHITE proxy card today, Aug. 03, 2026.
The King Street Sub-Adviser serves under an interim contract effective July 30, 2026, pending approval at the reconvened Special Meeting on Aug. 06, 2026.
Preliminary voting indicates that over two-thirds of engaged shareholders, excluding abstentions, support the proposal, with ISS & Glass Lewis recommending a "FOR" vote.
Approval of the King Street Sub-Advisory Agreement will enable the Board's liquidity plan, which includes an initial tender offer & two contingent tender offers scheduled for approximately 13 & 25 months post-initial offer.
Octagon was terminated as of July 30, 2026, holds no authority to implement its prior ideas, & a "AGAINST" vote would not reinstate Octagon or implement its proposals.
Shareholders may vote via the website, phone, or mail using the control number on their WHITE proxy card, with Okapi Partners available for assistance.
King Street Capital Management manages $30 billion in assets & possesses a 30-year track record in global alternative investments.