ISS backs XFLT vote to approve King Street as sub-adviser ahead of July 30 shareholder meeting

Reuters2026/07/22 12:06

By:Reuters

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ISS urged XAI Floating Rate & Alternative Income Trust shareholders to vote FOR a new sub-advisory agreement with King Street.
Recommendation targets the July 30 special shareholder meeting on the proposed King Street Sub-Advisory Agreement.
ISS cited board diligence on King Street’s capabilities, fees, and track record in comparable strategies.
Proxy adviser flagged NAV erosion since inception, backing the switch to avoid disruption from rejecting the proposal.

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: 202607220800PRIMZONEFULLFEED9766276) on July 22, 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.

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ISS backs XFLT vote to approve King Street as sub-adviser ahead of July 30 shareholder meeting

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