XFLT Urges Shareholders to Vote 'FOR' King Street Sub-Advisory Agreement
XAI Octagon Floating Rate & Alternative Income Trust (XFLT) reminded shareholders to vote "FOR" the King Street Sub-Advisory Agreement by the August 5, 2026, 11:59 PM ET deadline, ahead of the reconvened Special Meeting on August 6. The Fund highlighted independent recommendations from High Dividend Opportunities, ISS, and Glass Lewis supporting the agreement. The Board believes the sub-advisory agreement, combined with a liquidity plan detailed in a video by XFLT VP Kimberly Flynn, will enhance long-term shareholder value.
Key Highlights
- Shareholders urged to vote "FOR" King Street Sub-Advisory Agreement by August 5, 2026, 11:59 PM ET.
- Special Meeting of Shareholders reconvened for August 6, 2026.
- Recommendations to vote "FOR" received from High Dividend Opportunities, ISS, and Glass Lewis.
- King Street Sub-Adviser manages $30 billion in assets and has a $12 billion CLO platform.
- Proposed liquidity plan includes an initial tender offer and two contingent tender offers.
- High Dividend Opportunities noted the fund's offer to buy back 25% of the fund.
Price Impact
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