XAI Floating Rate & Alternative Income Trust commenced a cash tender offer for up to 1.9 million common shares, or 12.5% outstanding, at 98% of net asset value. Shareholders must tender by October 19, 2026; oversubscription will be prorated.

XAI Floating Rate & Alternative Income Trust provided its annual proxy voting notice for calendar year 2026, covering the report period ended June 30, 2026 and listing zero series.

XAI Floating Rate & Alternative Income Trust shareholders approved a new Rockford Tower Asset Management sub-advisory agreement, effective August 10, 2026, for an initial two-year term. Rockford Tower Asset Management will receive 52% of XA Investments’ advisory fee.

XAI Floating Rate & Alternative Income Trust urged shareholders to vote by August 5, 2026 for Rockford Tower Asset Management’s long-term sub-advisory appointment, citing a 25% tender offer plan. If approved, the liquidity plan would include three tender offers.

XAI Floating Rate & Alternative Income Trust urged shareholders to approve the King Street sub-advisory agreement, citing tender offers for up to 25% of shares at 98% of net asset value. Approval would allow King Street to continue as sub-adviser.

XAI Floating Rate & Alternative Income Trust highlighted High Dividend Opportunities’ support for Rockford Tower Asset Management as long-term sub-adviser before the August 6 special meeting. Approval would trigger an initial tender offer and contingent offers at 13 and 25 months.

XAI Floating Rate & Alternative Income Trust Board approved a liquidity plan: tenders at 98% of net asset value for up to 12.5% of net assets, then 7.5% and 5.0% of shares. The initial repurchase requires shareholder approval of the proposed investment sub-advisory agreement.

XAI Floating Rate & Alternative Income Trust highlighted High Dividend Opportunities’ recommendation that shareholders vote for the board’s proposal to approve King Street as Subadviser before the August 6 Special Meeting. Shareholders may vote using the white proxy card.

XAI Floating Rate & Alternative Income Trust said High Dividend Opportunities backed Rockford Tower Asset Management before the August 6 shareholder vote. Approval would activate a 25% tender offer and contingent tender offers about 13 and 25 months later.

XAI Floating Rate & Alternative Income Trust detailed a liquidity plan conditioned on approval of King Street as Sub-Adviser: an initial tender for up to 12.5% of common shares at 98% of net asset value within 45 days.