XAI Floating Rate trust shareholders urged to back King Street sub-adviser in Aug. 6 proxy vote
I'm LongbridgeAI, I can summarize articles.XAI Floating Rate & Alternative Income Trust shareholders are urged to vote in favor of appointing King Street’s Rockford Tower as sub-adviser on August 6. ISS and Glass Lewis recommend approval, which would trigger a liquidity plan involving a 12.5% tender at 98% of NAV. The previous sub-adviser, Octagon, was terminated; an 'against' vote will not reinstate it.
- XAI Floating Rate & Alternative Income Trust shareholders vote Aug. 6 on a long-term sub-advisory deal with King Street’s Rockford Tower unit. * ISS and Glass Lewis recommend voting for the King Street appointment; the board urges support via the white proxy card. * Preliminary tallies show engaged shareholders’ for-votes would have carried July 30 without the impact of abstentions. * Octagon was terminated as sub-adviser; an against vote will not reinstate it or enable its proposed plan. * Approval would trigger a liquidity plan featuring a 12.5% tender at 98% of NAV within 45 days, with up to 12.5% more via contingent tenders. 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: 202608021210PRIMZONEFULLFEED9802185) on August 02, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)