• XAI Floating Rate & Alternative Income Trust shareholders vote Aug. 6 on a long-term sub-advisory deal with King Street’s Rockford Tower unit.
• ISS and Glass Lewis recommend voting for the King Street appointment; the board urges support via the white proxy card.
• Preliminary tallies show engaged shareholders’ for-votes would have carried July 30 without the impact of abstentions.
• Octagon was terminated as sub-adviser; an against vote will not reinstate it or enable its proposed plan.
• Approval would trigger a liquidity plan featuring a 12.5% tender at 98% of NAV within 45 days, with up to 12.5% more via contingent tenders.

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: 202608021210PRIMZONEFULLFEED9802185) on August 02, 2026, and is solely responsible for the information contained therein.