• XAI Floating Rate & Alternative Income Trust's tender offer expired October 19, 2026, oversubscribed with approximately 7,331,021 common shares tendered.
• The offer sought up to 1,903,861 common shares, approximately 12.5% of shares outstanding.
• Purchases are expected to be prorated based on shares properly tendered, with preliminary results subject to adjustment.
• The purchase price will equal 98% of net asset value at the close of regular NYSE trading on October 20, 2026.
• Final results, including the proration factor, are expected on or about October 21, 2026.

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: 202610200845PRIMZONEFULLFEED9849455) on October 20, 2026, and is solely responsible for the information contained therein.