ISS Backs King Street Sub-Adviser, Recommends XFLT Shareholders Vote on the WHITE Proxy Card

summarizeSummary

XFLT's Board has released additional proxy materials highlighting that ISS, a leading independent proxy advisory firm, recommends shareholders vote FOR the proposed King Street sub-advisory agreement at the July 30 special meeting.

check_boxKey Events · Corporate Governance and Compliance · XFLT

• ISS Recommends FOR Proposal

  A leading independent proxy advisory firm, ISS, has issued a recommendation that XFLT shareholders vote FOR the proposal to approve the new sub-advisory agreement with King Street on the WHITE Proxy Card.

• Proxy Fight Continues

  This filing is the latest in a series of DEFA14A materials from the Board rebutting claims by terminated sub-adviser Octagon, which is opposing the proposal.

• No Fee Increase

  The Board reiterates that management fees and expenses will NOT increase and shareholders will NOT pay any higher fees as a result of the proposed change.

• Special Meeting July 30

  The special meeting of shareholders is scheduled for July 30, 2026, where the vote on the sub-advisory agreement will take place.

auto_awesomeAnalysis · XFLT · Unknown

A pivotal moment has arrived in the escalating proxy fight over XFLT's sub-adviser: the Board has secured a recommendation from ISS, a leading independent proxy advisory firm, to vote FOR the proposed King Street sub-advisory agreement. Because ISS recommendations often sway institutional investors and retail shareholders, this endorsement could tip the balance in favor of the Board's proposal. The filing also reiterates that fees will not increase and that a vote against the proposal will not reinstate Octagon, but the ISS endorsement is the key new material fact that could influence the outcome of the July 30 special meeting.