• XFLT shareholders face a July 30, 2026 special-meeting vote on a new sub-advisory agreement with King Street’s Rockford Tower unit.
• The board is urging support for the change, citing a yearlong review and expected performance improvement versus former sub-adviser Octagon.
• ISS and Glass Lewis recommended backing the King Street sub-advisory agreement in the proxy contest.
• King Street is pitched as a larger CLO platform, with about $30 billion AUM and $13 billion across US and European CLOs.
• Young Choi, King Street partner and global head of trading, is set to become primary portfolio manager if shareholders endorse the plan.

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: 202607260830PRIMZONEFULLFEED9778182) on July 26, 2026, and is solely responsible for the information contained therein.