Octagon urges XFLT shareholders to reject proposed King Street sub-adviser appointment

XAI Floating Rate & Alternative Income Trust

XAI Floating Rate & Alternative Income Trust

XFLT

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  • Octagon Credit Investors launched a proxy fight urging shareholders to vote against XFLT’s proposed sub-adviser change at a July 30, 2026 special meeting.
  • The proposal would appoint Rockford Tower Asset Management, a newly formed King Street Capital unit, as investment sub-adviser under a new agreement.
  • Octagon outlined an alternative plan to cut shareholder fees, simplify the management structure, and target a narrower share-price discount to NAV.


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