Shareholders to Vote on New Investment Sub-Adviser, King Street Capital Management

summarizeSummary

XAI Octagon Floating Rate & Alternative Income Trust filed a preliminary proxy statement for a special meeting on July 30, 2026, to approve King Street Capital Management as its new investment sub-adviser, replacing Octagon Credit Investors.

check_boxKey Events · Corporate Governance and Compliance · XFLT

• Shareholder Meeting Scheduled

  A special meeting is set for July 30, 2026, for shareholders to vote on the new sub-advisory agreement with Rockford Tower Asset Management, L.L.C. (an affiliate of King Street Capital Management).

• New Investment Sub-Adviser Proposed

  The Board unanimously recommends approving King Street Capital Management as the new sub-adviser, replacing Octagon Credit Investors, LLC, which will resign on or about July 30, 2026.

• Expanded Investment Strategy

  The new sub-adviser is expected to implement a more dynamic and opportunistic strategy, including active allocation between U.S. and European CLOs, debt, equity, and asset-backed securities.

• No Increase in Shareholder Fees

  The Trust's management fees and expenses will not increase as a result of this change; XA Investments LLC (the primary adviser) will pay King Street's sub-advisory fee.

auto_awesomeAnalysis · XFLT · Unknown

This filing provides the full preliminary proxy statement for shareholders to vote on a significant change in the Trust's investment management. The proposed shift to King Street Capital Management as sub-adviser is intended to enhance performance and expand investment opportunities, particularly into European CLOs and asset-backed securities, without increasing advisory fees for shareholders. The vote on July 30, 2026, is crucial for the Trust's future strategic direction and asset allocation.