XFLT Board Approves King Street as New Investment Sub-Adviser, Pending Shareholder Vote

summarizeSummary

XAI Octagon Floating Rate & Alternative Income Trust is proposing to change its investment sub-adviser to King Street Capital Management, pending shareholder approval, which will lead to a new portfolio management approach.

check_boxKey Events

• New Investment Sub-Adviser Approved

  The Board of Trustees has unanimously approved Rockford Tower Asset Management, L.L.C. (an affiliate of King Street Capital Management) to serve as the new investment sub-adviser.

• Current Sub-Adviser to Resign

  Octagon Credit Investors, LLC, the Trust's current investment sub-adviser, will resign effective on or about July 30, 2026.

• Shareholder Approval Required

  The new sub-advisory agreement is subject to approval by shareholders at a special meeting expected around July 30, 2026.

• No Change to Fees or Investment Objective

  There will be no change to the Trust's investment adviser (XA Investments LLC), the investment advisory fee, or the core investment objective and principal investment policies.

auto_awesomeAnalysis

The Trust's Board has approved King Street Capital Management as the new investment sub-adviser, replacing Octagon Credit Investors. This change, subject to shareholder approval, signifies a shift in the day-to-day management of the Trust's portfolio, aiming for a more dynamic and opportunistic investment approach. While the core investment objective and advisory fees remain unchanged, the new sub-adviser could influence future performance and asset allocation.