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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.
Managed, leveraged fixed-income funds offer liquidity and instant diversification across thousands of complex institutional credit facilities. Strengthening demographic demand from an aging U.S. population delivers acyclical structural tailwinds to healthcare investments. Broad closed-end funds convert standard large- and small-cap stock movements into highly visible, managed distributions.
XFLT Hosts Webinar on Benefits of the King Street Sub-Adviser
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
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.