XFLT Board proposes perpetual fund, new sub-advisory pact; shareholder vote Dec 19

XAI Octagon Floating Rate & Alternative Income Trust

Board unanimously approved eliminating Dec 31, 2029 termination date; fund would become perpetual if shareholders approve.
New sub-advisory agreement with Octagon Credit Investors due to parent Generali acquisition (closing H1 2024).
Special shareholder meeting expected Dec 19, 2023; record date Oct 25, 2023.
Interim sub-advisory agreement with Octagon for up to 150 days post-closing if needed.
No change in portfolio management, investment objectives, or policies expected.

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