XAI Floating Rate & Alternative Income Trust

XFLT

Market cap $261M

Fees Will  NOT Increase If Proposal Is Approved Terminated Sub-Adviser Octagon's “Proven Investment Team” Responsible for -54% NAV Erosion at XFLT and Seven CLO Defaults Across Its Own Portfolio XFLT Asks Shareholders to Vote on the WHITE Proxy Card “FOR” the King Street Sub-Advisory Agreement at Special Meeting on July 30, 2026 CHICAGO, July 18, 2026 (GLOBE NEWSWIRE) -- XA Investments LLC (“XAI”), manager of XAI Floating Rate & Alternative Income Trust (XFLT) (the “Fund”), responded to misleading claims regarding the approval of a new investment sub-advisory agreement among the Fund, XAI and Rockford Tower Asset Management, L.L.C. (the “King Street Sub-Adviser”), a wholly owned subsidiary of King Street Capital Management, L.P.

NEW YORK--(BUSINESS WIRE)--Octagon Credit Investors, LLC (“Octagon” or “our”), a leading credit-focused asset manager with 30 years of experience, today responded to the ongoing false claims made by XAI Floating Rate & Alternative Income Trust (NYSE: XFLT) (formerly, XAI Octagon Floating Rate & Alternative Income Trust) (the “Fund” or “XFLT”) in connection with XFLT's upcoming special meeting of shareholders, which is scheduled to be held on July 30, 2026 (the “Special Meeting”). “It is.

The Terminated Sub-Adviser Octagon Attempts to Manufacture Confusion; XFLT Shareholders Deserve to Know the Truth XFLT Asks Shareholders to Vote on the WHITE Proxy Card “FOR” the King Street Sub-Advisory Agreement at Special Meeting on July 30, 2026 CHICAGO, July 17, 2026 (GLOBE NEWSWIRE) -- XA Investments LLC, manager of XAI Floating Rate & Alternative Income Trust (XFLT) (the “Fund”), provides answers to shareholders' questions regarding the approval of a new investment sub-advisory agreement among the Fund, XA Investments LLC and Rockford Tower Asset Management, L.L.C. (the “King Street Sub-Adviser”), a wholly owned subsidiary of King Street Capital Management, L.P.

XFLT Published Letters ( Letter #1 and Letter #2 ) and a Comprehensive Presentation to Shareholders Addressing Misstatements and Falsehoods Made by Terminated Sub-Adviser Octagon Credit Investors

NEW YORK--(BUSINESS WIRE)--Octagon Credit Investors, LLC (“Octagon” or “our”), a leading credit-focused asset manager, today responded to the false claims made by XAI Floating Rate & Alternative Income Trust (NYSE: XFLT) (formerly, XAI Octagon Floating Rate & Alternative Income Trust) (the “Fund” or “XFLT”) in connection with XFLT's upcoming special meeting of shareholders, which is scheduled to be held on July 30, 2026 (the “Special Meeting”). At the Special Meeting, the Board of Trust.

XAI Floating Rate & Alternative Income Trust faces a contentious proxy battle over replacing Octagon as sub-advisor amid recent underperformance and discount to NAV. XAI seeks to install King Street, aiming to diversify into riskier, less diversified European CLOs, while Octagon defends its conservative approach and criticizes board decisions. Octagon proposes to lower fees, streamline management, and offer a tender near NAV if it gains full control, positioning itself as a shareholder-friendly alternative.

NEW YORK--(BUSINESS WIRE)--Octagon Credit Investors, LLC (“Octagon”), a leading credit-focused asset manager and shareholder of the XAI Floating Rate & Alternative Income Trust (NYSE: XFLT) (formerly, XAI Octagon Floating Rate & Alternative Income Trust) (the “Fund” or “XFLT”), today announced that it has published a presentation to shareholders in connection with the Fund's upcoming special meeting of shareholders, which is scheduled to be held on July 30, 2026 (the “Special Meeting”).

SADDLE BROOK, N.J., July 02, 2026 (GLOBE NEWSWIRE) -- Bulldog Investors, LLP, a significant shareholder of XAI Floating Rate & Alternative Income Trust (NYSE: XFLT), holding 310,000 shares, announced today that it intends to vote against a new sub-advisory agreement at the July 30th special meeting of shareholders unless and until the Board of Trustees agrees to provide an opportunity for shareholders to monetize their shares at a price close to net asset value (NAV).

CHICAGO, July 01, 2026 (GLOBE NEWSWIRE) -- XAI Floating Rate & Alternative Income Trust (the “Trust”) has declared its regular monthly distribution of $0.225 per share on the Trust's common shares (NYSE: XFLT), payable on August 3, 2026, to common shareholders of record as of July 15, 2026, as noted below. The amount of the distribution represents no change from the previous month's distribution amount of $0.225 per share.

XAI Floating Rate & Alternative Income Trust (XFLT) Octagon Xai Clo Income Fund - Shareholder/Analyst Call Prepared Remarks Transcript