Octagon urges XFLT shareholders to reject sub-adviser switch, calls for management fee cut to 1.3%

Reuters2026/07/22 14:56

By:Reuters

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Octagon escalated its campaign against XAI Floating Rate & Alternative Income Trust’s board over a proposed sub-adviser change.
Octagon argued the fund has delivered about 40% total NAV return since inception, criticizing the board’s focus on a NAV measure excluding distributions.
It said ISS called the board’s process “not unreasonable” and “not indefensible,” without backing the adviser switch as a value-creation step.
Octagon proposed cutting the management fee to 1.3% from 1.7%, paired with actions to narrow the discount to NAV.
It urged shareholders to vote against the new sub-adviser, pushing Octagon as primary adviser to reduce disruption.

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 Business Wire (Ref. ID: 20260722780892) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Octagon urges XFLT shareholders to reject sub-adviser switch, calls for management fee cut to 1.3%

You may also like

Crypto prices