Management ChangeJun 19, 2026, 10:01 AM
XAI Funds Propose King Street as Sub-Adviser; Webinar June 30
AI Summary
XAI Floating Rate & Alternative Income Trust (XFLT) and XAI CLO & Income Opportunities Fund (OCTIX) announced a webinar for June 30, 2026, to discuss proposed changes to the Funds. The webinar will introduce King Street Capital Management as the proposed new sub-adviser. The Boards of Trustees of both Funds have unanimously approved the King Street Sub-Advisory Agreement and recommend shareholders vote in favor of its approval. Shareholders will receive a proxy statement with further details.
Key Highlights
- XAI Floating Rate & Alternative Income Trust (XFLT) and XAI CLO & Income Opportunities Fund (OCTIX) will host a webinar.
- Webinar is scheduled for June 30, 2026, at 11:00 a.m. Eastern Time.
- The webinar will review proposed changes to the Funds and potential benefits to shareholders.
- King Street Capital Management is introduced as the proposed sub-adviser for the Funds.
- The Boards of Trustees of XFLT and OCTIX unanimously approved the King Street Sub-Advisory Agreement.
- Boards recommend shareholders vote FOR approval of the King Street Sub-Advisory Agreements.
- Shareholders will receive a proxy statement with detailed information regarding the proposed sub-adviser.
Price Impact
More from XFLT