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NEW YORK--(BUSINESS WIRE)--Octagon Credit Investors, LLC (“Octagon”), a leading credit-focused asset manager with over 30 years of experience, today announced that Egan-Jones Ratings Company (“Egan-Jones”), a leading independent proxy advisory firm, has recommended that shareholders of XAI Floating Rate & Alternative Income Trust (NYSE: XFLT) (formerly, XAI Octagon Floating Rate & Alternative Income Trust) (the “Fund” or “XFLT”) vote AGAINST the proposal to replace Octagon as the Fund's.
Octagon's CEO and CIO Each Own ZERO XFLT Shares Despite Octagon Serving as Sub-Adviser for Nine Years
Octagon Credit Investors, LLC (âOctagon,â âweâ or âourâ), a leading credit-focused asset manager with over 30 years of experience, today issued the
NEW YORK--(BUSINESS WIRE)--Octagon Credit Investors, LLC (“Octagon,” “we” or “our”), a leading credit-focused asset manager with over 30 years of experience, today issued the following statement responding to the latest misleading claims made by XAI Floating Rate & Alternative Income Trust (NYSE: XFLT) (formerly, XAI Octagon Floating Rate & Alternative Income Trust) (the “Fund” or “XFLT”). Yesterday, Institutional Shareholder Services (“ISS”) said the Board's plan was “not indefensible.
XAI is aggressively pushing to replace its long-tenured sub-adviser, Octagon Credit Investors, with King Street affiliate Rockford Tower. Under XAI's primary proposal, retail investors get hit with the same 1.7% management fee, while XAI pockets the savings from a cheaper sub-advisory contract. Incumbent sub-adviser Octagon has launched a direct offensive, offering to entirely cut out XAI, assume full management, and slash fees from 1.7% to 1.3%.
NEW YORK--(BUSINESS WIRE)--Octagon Credit Investors, LLC (“Octagon” or “we” or “our”), the sub-adviser to XAI Floating Rate & Alternative Income Trust (NYSE: XFLT) (the “Fund”), today issued an open letter to the Fund's shareholders urging them to vote AGAINST the approval of a new sub-advisory agreement at the Fund's special meeting of shareholders (the “Special Meeting”) on July 30, 2026. The full text of Octagon's letter is below: July 20, 2026 Dear Fellow XFLT Shareholders, You have an.
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XFLT Hosts Webinar on Benefits of the King Street Sub-Adviser