secwatch.observer — SEC 8-K summary
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Issuer:     XAI Octagon Floating Rate & Alternative Income Trust (XFLT)
CIK:        0001703079
Form:       8-K
Filed at:   2026-05-19T20:57:54+00:00
Accession:  0001213900-26-059091
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703079/000121390026059091/0001213900-26-059091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703079/000121390026059091/ea0291568-01_8k.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-059091

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer