• XAI Octagon Floating Rate & Alternative Income Term Trust shareholders will vote on a new sub-advisory agreement that would appoint Rockford Tower Asset Management, an affiliate of King Street Capital Management, as investment sub-adviser.
• The proposal is scheduled for a special shareholder meeting on or about July 30, 2026.
• The board of trustees, including the independent trustees, unanimously recommends shareholders approve the King Street sub-advisory agreement.

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 Octagon Floating Rate & Alternative Income Term Trust published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-059091), on May 19, 2026, and is solely responsible for the information contained therein.