• ISS urged XAI Floating Rate & Alternative Income Trust shareholders to vote FOR a new sub-advisory agreement with King Street.
• Recommendation targets the July 30 special shareholder meeting on the proposed King Street Sub-Advisory Agreement.
• ISS cited board diligence on King Street’s capabilities, fees, and track record in comparable strategies.
• Proxy adviser flagged NAV erosion since inception, backing the switch to avoid disruption from rejecting the proposal.

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: 202607220800PRIMZONEFULLFEED9766276) on July 22, 2026, and is solely responsible for the information contained therein.