Leadership & Pay ·
On July 30, 2026, XAI Floating Rate & Alternative Income Trust terminated its previous sub-advisory agreement with…
XFLTXAI Floating Rate & Alternative Income Trust
On July 30, 2026, XAI Floating Rate & Alternative Income Trust terminated its previous sub-advisory agreement with Octagon Credit Investors, LLC and entered into an interim agreement with Rockford Tower Asset Management, L.L.C., a subsidiary of King Street Capital Management. The interim arrangement retains the existing 1.70% annual advisory fee structure but allocates 52% of that fee to the new sub-adviser. A special shareholder meeting was adjourned to August 6, 2026, to seek approval for a permanent sub-advisory agreement with King Street. Young Choi and Terry Ing were appointed as lead portfolio manager and portfolio manager, respectively. The company operates in the asset management industry, specifically managing closed-end funds focused on floating rate loans and alternative credit investments.