XAI Floating Rate trust shareholders urged to back King Street sub-adviser in Aug. 6 proxy vote

Reuters2026/08/02 16:10

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

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.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

XAI Floating Rate trust shareholders urged to back King Street sub-adviser in Aug. 6 proxy vote

You may also like

Crypto prices