XAI Floating Rate & Alternative Income Trust urges vote for King Street sub-adviser ahead of Aug. 6 meeting

Reuters2026/07/31 12:31

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XAI Floating Rate & Alternative Income Trust urged shareholders to back King Street’s long-term sub-advisory agreement at an Aug. 6 reconvened meeting.
ISS and Glass Lewis recommended voting “for” the appointment, with King Street already serving under an interim contract since July 30.
The board tied approval to a liquidity plan featuring a tender offer for up to 12.5% of shares at 98% of NAV within 45 days.
The plan adds up to 12.5% more in contingent tenders unless the discount stays below 15% or NAV value creation hits $2.95 per share.

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: 202607310830PRIMZONEFULLFEED9801608) on July 31, 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.

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XAI Floating Rate & Alternative Income Trust urges vote for King Street sub-adviser ahead of Aug. 6 meeting

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