XAI Octagon Floating Rate & Alternative Income Trust

XAI Floating Rate & Alternative Income Trust (XFLT) is seeking shareholder approval for a new investment sub-advisory agreement with Rockford Tower Asset Management, L.L.C., a wholly-owned subsidiary of King Street Capital Management, L.P. The special meeting for this vote is scheduled for July 30, 2026. The Board of Trustees unanimously recommends approval, anticipating benefits such as expanded investment opportunities in European CLOs and asset-backed securities, and potential for increased distributions and improved performance. The Trust's investment objective and advisory fees will remain unchanged, with all proxy solicitation costs borne by XA Investments and King Street.

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.

XAI Octagon Floating Rate & Alternative Income Trust (XFLT) has declared a regular monthly distribution of $0.225 per common share, payable on July 1, 2026. Shareholders of record as of June 15, 2026, will receive the distribution. This amount represents no change from the previous month's distribution, aligning with the Trust's goal to maintain stable monthly distributions over time.

XAI Octagon Floating Rate & Alternative Income Trust announced that its name will officially change to XAI Floating Rate & Alternative Income Trust. This rebranding will take effect on June 8, 2026, as previously communicated in a May 19, 2026 filing.

XA Investments LLC, a Chicago-based alternative investment management firm, announced the launch of YOGI, its first generative artificial intelligence capability for consulting clients and research subscribers. Developed in partnership with RavenPack, YOGI is a proprietary GenAI research tool designed to transform how strategists analyze competitor funds and design new evergreen products for the private wealth marketplace. The tool aims to provide a speed and knowledge advantage in the rapidly growing interval and tender offer fund market, which has seen a 25% compounded annual growth rate over the last three years.

XAI Octagon Floating Rate & Alternative Income Trust's Board has unanimously approved, subject to shareholder approval, the appointment of Rockford Tower Asset Management, L.L.C. (King Street Sub-Adviser) as the new investment sub-adviser. King Street is a global alternative asset manager with over $30 billion under management. The Trust's current sub-adviser, Octagon Credit Investors, LLC, will resign, and the Trust's name will change to "XAI Floating Rate & Alternative Income Trust" around July 30, 2026. The investment objective and advisory fees will remain unchanged.

XA Investments LLC (XAI) announced it will become the investment adviser to the Evanston Multi-Alpha Fund, a $91 million closed-end tender offer fund. This partnership, subject to board and shareholder approvals, is expected to take effect in Q3 2026, expanding XAI's fund complex to four. Additionally, XAI and Evanston Capital plan to convert the Fund to a daily net asset value (NAV) interval fund in the first half of 2027 to broaden market reach and simplify investor access.

XAI Octagon Floating Rate & Alternative Income Trust (XFLT) has declared a regular monthly distribution of $0.225 per common share, payable on June 1, 2026, to shareholders of record as of May 15, 2026. This distribution amount remains unchanged from the previous month. The Trust clarified that distributions may be sourced from net investment income, capital gains, or a return of capital, with specific tax characteristics to be reported post-year-end.