XAI Floating Rate & Alternative Income Trust and XAI CLO & Income Opportunities Fund to Host Webinar Covering Important Fund Updates

Rhea-AI Summary

XAI Floating Rate & Alternative Income Trust (NYSE:XFLT) and XAI CLO & Income Opportunities Fund (OCTIX) will host a webinar on June 30, 2026, at 11:00 a.m. ET to discuss proposed fund changes and potential benefits for shareholders.

The webinar will introduce King Street Capital Management and Rockford Tower Asset Management, the proposed sub-adviser. Fund boards unanimously approved King Street Sub-Advisory Agreements and recommend shareholders vote FOR approval. A replay and related proxy materials will be available online.

Market Context

This announcement highlights upcoming shareholder votes on the King Street sub‑advisory agreements a...

Analysis

This announcement highlights upcoming shareholder votes on the King Street sub‑advisory agreements and related fund changes. It builds on prior proxy and governance activity, while the key risk remains execution of the manager transition after approval.

Key Figures

Monthly distribution: $0.225 per share Distribution change: 25% decrease Advisory fee: 1.70% +5 more

8 metrics

Monthly distribution $0.225 per share XFLT monthly common share distribution in recent declarations

Distribution change 25% decrease Cut to XFLT monthly distribution effective for May 1, 2026 payment

Advisory fee 1.70% Advisory fee to XA Investments on average daily Managed Assets

Sub-advisory split 52% of advisory fee King Street sub-advisory fee as share of advisory fee under proposal

King Street AUM $30 billion Assets under management across strategies for King Street Capital Management

CLO AUM $12 billion King Street assets in U.S. and European CLOs

Preferred coupon 6.95% Coupon on Series II 2029 Convertible Preferred Shares prior to redemption

Preferred shares redeemed 1,100,000 shares Series II 2029 Convertible Preferred fully redeemed on January 30, 2026

Historical Context

5 past events · Latest: Jun 01 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 01	Monthly distribution	Neutral	+0.1%	Regular XFLT monthly distribution maintained at $0.225 per common share.
May 20	AI tool launch	Positive	-0.2%	XA Investments launched YOGI generative AI tool for interval fund research.
May 05	Adviser expansion	Positive	+1.1%	XA Investments to become adviser to Evanston Multi-Alpha Fund, expanding complex.
May 01	Monthly distribution	Neutral	-0.6%	XFLT declared unchanged $0.225 monthly common share distribution for June.
Apr 01	Distribution cut	Negative	-1.9%	XFLT cut monthly distribution by 25% and completed reverse split and refinancing.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news-driven moves for XFLT and related XAI funds have generally aligned with the tone of distributions and corporate actions.

Key Terms

sub-adviser, proxy statement, record date, form 4

4 terms

sub-adviser financial

"Rockford Tower Asset Management (the “King Street Sub-Adviser”), a wholly owned subsidiary"

A sub-adviser is an outside investment manager that a fund or primary adviser hires to run all or part of a portfolio. Think of it as a specialist contractor brought in by a general contractor to handle a complex piece of a project: the sub-adviser brings specific expertise and makes trading and allocation decisions for the assets they oversee. Investors care because a sub-adviser’s skill, strategy, fees and potential conflicts directly affect returns, risk and transparency.

proxy statement regulatory

"are expected to receive a proxy statement, notice of special meeting of shareholders"

A proxy statement is a document companies send to shareholders ahead of a meeting that lays out the items up for a vote—like who will sit on the board, executive pay, and major corporate decisions—and provides background so shareholders can decide how to cast their votes or appoint someone to vote for them. Think of it as an agenda plus a ballot and briefing notes, important because the outcomes can change control, strategy, and value.

View in glossary

record date regulatory

"Shareholders of record as of the record date for the Funds’ special meetings"

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

form 4 regulatory

"will be reflected on the Statements of Change in Ownership of the Trust on Forms 3 and 4 filed"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

View in glossary

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CHICAGO, June 19, 2026 (GLOBE NEWSWIRE) -- XAI Floating Rate & Alternative Income Trust (NYSE: XFLT) (“XFLT”) and XAI CLO & Income Opportunities Fund (“OCTIX”) (together, the “Funds”) today announced that they will host a webinar on June 30, 2026, at 11:00 a.m. Eastern Time.

Kimberly Flynn, President at XA Investments (“XAI”) and Kevin Davis, Managing Director at XAI, will review proposed changes to the Funds and the potential benefits to shareholders. Young Choi, Partner and Portfolio Manager, will introduce King Street Capital Management (“King Street”) and Rockford Tower Asset Management (the “King Street Sub-Adviser”), a wholly owned subsidiary of King Street and the Funds’ proposed sub-adviser.

The Boards of Trustees of each of XFLT and OCTIX unanimously approved the King Street Sub-Advisory Agreement. They believe entering into the King Street Sub-Advisory Agreements is in the best interests of each Fund and its shareholders and recommends that shareholders vote FOR approval of the King Street Sub-Advisory Agreements.

TO JOIN VIA WEB: Please go to the Knowledge Bank section of www.xainvestments.com or click here for the online registration link.

TO USE YOUR TELEPHONE: After joining via web, if you prefer to use your phone for audio, you must select that option and call in using a number below, based on your current location.

Dial: (312) 626 6799 or (646) 558 8656 or (267) 831 0333 or (720) 928 9299 or (213) 338 8477
Webinar ID: 891 1734 7607

REPLAY: A replay of the webinar will be available in the Knowledge Bank section of xainvestments.com.

Shareholders of record as of the record date for the Funds’ special meetings are expected to receive a proxy statement, notice of special meeting of shareholders, and proxy card, containing detailed information regarding the King Street Sub-Adviser and the King Street Sub-Advisory Agreement. Trust shareholders are encouraged to read the proxy statement and accompanying materials carefully when they receive them. When filed with the SEC, the proxy statement will be available free of charge at the SEC’s website, www.sec.gov. This report is not a solicitation of any proxy.

Each of XFLT and OCTIX, XA Investments and certain of their respective directors/trustees, officers and affiliates may be deemed under the rules of the SEC to be participants in the solicitation of proxies from shareholders in connection with the matter described above. Information about the trustees and officers of the Funds may be found in each Fund’s annual report to shareholders and/or annual proxy statement previously filed with the SEC. To the extent holdings of securities by potential participants has changed since the information reflected in a Fund’s annual report to shareholders and/or annual proxy statement previously filed with the SEC, such information has been or will be reflected on the Statements of Change in Ownership of the Trust on Forms 3 and 4 filed with the SEC. Additional information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the shareholders, including a description of their direct or indirect interests, by security holdings or otherwise, will be included in the proxy statement when it is filed with the SEC. Free copies of the proxy statement, when filed, may be obtained from the SEC’s website at https://www.sec.gov.

About the Funds

XFLT is a listed closed-end fund, and its common shares are traded on the New York Stock Exchange. The investment objective of XFLT is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle. For more information, please visit www.xainvestments.com/xflt.

OCTIX is a continuously offered closed-end interval fund. The investment objective of OCTIX is to provide high income and total return. For more information, please visit www.xainvestments.com/octix.

There can be no assurance that the Funds will achieve their investment objectives.

About XA Investments

XA Investments LLC (“XAI”) is a Chicago-based firm founded by XMS Capital Partners in 2016. XAI serves as the investment adviser for two listed closed-end funds and an interval closed-end fund, respectively the XAI Floating Rate & Alternative Income Trust, the XAI Equity Premium Income Fund, and the XAI CLO & Income Opportunities Fund. In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds to meet institutional client needs. XAI offers custom product build and consulting services, including product development and market research, marketing and fund management. XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers. For more information, please visit www.xainvestments.com.

About XMS Capital Partners

XMS Capital Partners, LLC, established in 2006, is a global, independent, financial services firm providing M&A, corporate advisory and asset management services to clients. It has offices in Chicago, Boston and London. For more information, please visit www.xmscapital.com.

About King Street

King Street is a leading global alternative asset manager founded in 1995 that manages assets across an institutional platform spanning multiple segments of the public and private markets. As of December 31, 2025, King Street and its affiliates manage $30.0 billion in assets under management. King Street manages 20 U.S. CLOs and nine European CLOs, which total $12 billion in assets. The firm combines rigorous research, tactical trading, and flexible deployment to create differentiated and opportunistic investment solutions and outcomes. For more information, please visit www.kingstreet.com.

XAI does not provide tax advice; please consult a professional tax advisor regarding your specific tax situation. Income may be subject to state and local taxes, as well as the federal alternative minimum tax.

Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Funds carefully before investing. For more information on the Funds, please visit the Funds webpages at www.xainvestments.com.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

NOT FDIC INSURED		NO BANK GUARANTEE		MAY LOSE VALUE
		Paralel Distributors, LLC - Distributor

Media Contact: 

Kimberly Flynn, President
XA Investments LLC
Phone: 312-374-6931
Email: kflynn@xainvestments.com
www.xainvestments.com

FAQ

When is the XFLT and OCTIX shareholder webinar on fund updates in June 2026?

The webinar for XFLT and OCTIX shareholders is scheduled for June 30, 2026, at 11:00 a.m. Eastern Time. According to XAI, investors can join via the Knowledge Bank section of xainvestments.com, with phone dial-in options available after web registration.

How can XFLT and OCTIX investors join the June 30, 2026 fund webinar?

Investors can join by visiting the Knowledge Bank section of xainvestments.com and using the online registration link. According to XAI, participants may then choose phone audio using listed dial-in numbers and Webinar ID 891 1734 7607 based on their location.

What topics will be covered in the June 30, 2026 XFLT and OCTIX webinar?

The webinar will review proposed changes to XFLT and OCTIX and potential shareholder benefits. According to XAI, it will also introduce King Street Capital Management and Rockford Tower Asset Management, the proposed sub-adviser under the King Street Sub-Advisory Agreements.

Who are King Street Capital Management and Rockford Tower in relation to XFLT and OCTIX?

King Street Capital Management is being introduced as a partner, with Rockford Tower Asset Management as the proposed sub-adviser. According to XAI, both funds’ boards unanimously approved King Street Sub-Advisory Agreements and recommend shareholders vote FOR their approval at special meetings.

Where can XFLT and OCTIX shareholders access the replay of the June 30, 2026 webinar?

A replay of the XFLT and OCTIX webinar will be available in the Knowledge Bank section of xainvestments.com. According to XAI, this replay allows shareholders who cannot attend live to review discussions about proposed fund changes and the King Street Sub-Advisory Agreements.

How will XFLT and OCTIX shareholders receive information on the King Street Sub-Advisory Agreements?

Shareholders of record will receive a proxy statement, meeting notice, and proxy card with detailed information. According to XAI, when filed, the proxy statement will also be available free of charge on the SEC’s website at sec.gov for investor review.