XAI Floating Rate & Alternative Income Trust delays shareholder meeting on new sub-adviser proposal

Reuters2026/07/31 19:49

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XAI Floating Rate & Alternative Income Trust’s shareholder meeting on the New Sub-Adviser Proposal was delayed as the measure appeared headed for defeat.
Octagon urged investors to vote against the proposal, citing concerns over economics that it said favor XA Investments.
Octagon pushed an alternative plan featuring a 25% tender offer, a management fee cut to 1.3% from 1.7%, and a 10-year term structure.

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: 20260731983498) 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 delays shareholder meeting on new sub-adviser proposal

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