• XAI Floating Rate & Alternative Income Trust will repurchase 1,903,861 common shares, approximately 12.5% of outstanding shares, at $21.0602 each.
• The purchase price represents 98% of net asset value at the October 20, 2026, close.
• The tender offer opened September 18, 2026, and expired October 19, 2026.
• Valid tenders totaled 7,331,021 shares, resulting in a 26.01% proration factor.
• The repurchase will leave 13,327,023 common shares outstanding.

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: 202610210845PRIMZONEFULLFEED9850040) on October 21, 2026, and is solely responsible for the information contained therein.