PartnershipJul 19, 2026, 08:31 AM
XFLT Urges Shareholders to Vote 'FOR' King Street Sub-Adviser Agreement
AI Summary
XAI Octagon Floating Rate & Alternative Income Trust (XFLT) hosted a webinar featuring XAI President Kimberly Flynn to discuss the benefits of the new investment sub-advisory agreement with King Street Sub-Adviser. The company is urging shareholders to vote "FOR" the King Street Sub-Advisory Agreement at the upcoming Special Meeting on July 30, 2026. The agreement is expected to potentially increase distributions, improve performance, and leverage King Street's strong investment track record and analytical capabilities.
Key Highlights
- XFLT hosted a webinar to highlight benefits of the King Street Sub-Advisory Agreement.
- Shareholders are urged to vote 'FOR' the agreement at the Special Meeting on July 30, 2026.
- King Street Sub-Adviser is a wholly-owned subsidiary of King Street Capital Management, L.P.
- Expected benefits include potential increase in distributions and improved performance.
- King Street's institutional quality investment management track record and rigorous analysis were cited.
- King Street Capital Management manages $30 billion in assets.
Price Impact
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