XFLT proposes sub-adviser change to King Street affiliate; name change to XAI Floating Rate & Alternative Income Trust

XAI Octagon Floating Rate & Alternative Income Trust

Trust proposes Rockford Tower Asset Management (King Street affiliate) as new sub-adviser; shareholder vote at special meeting on/about July 30, 2026.
Trust name to change to 'XAI Floating Rate & Alternative Income Trust'; Octagon Credit Investors to resign as sub-adviser.
No changes to adviser XA Investments, advisory fee (1.70% of avg daily Managed Assets), or investment objective/policies.
King Street manages >$30B, over $12B in CLOs; portfolio managers Young Choi and Terry Ing to oversee day-to-day.

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