XAI Floating Rate & Alternative Income Trust shareholders vote July 30 on King Street sub-advisory agreement in proxy fight

Reuters2026/07/26 12:30

By:Reuters

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XFLT shareholders face a July 30, 2026 special-meeting vote on a new sub-advisory agreement with King Street’s Rockford Tower unit.
The board is urging support for the change, citing a yearlong review and expected performance improvement versus former sub-adviser Octagon.
ISS and Glass Lewis recommended backing the King Street sub-advisory agreement in the proxy contest.
King Street is pitched as a larger CLO platform, with about $30 billion AUM and $13 billion across US and European CLOs.
Young Choi, King Street partner and global head of trading, is set to become primary portfolio manager if shareholders endorse the plan.

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: 202607260830PRIMZONEFULLFEED9778182) on July 26, 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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XAI Floating Rate & Alternative Income Trust shareholders vote July 30 on King Street sub-advisory agreement in proxy fight

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