XAI Floating Rate & Alternative Income Trust (XFLT)
XFLT 8-K filings, explained
Every material Form 8-K XAI Floating Rate & Alternative Income Trust has filed with the SEC since May 29, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Shareholders of XAI Floating Rate & Alternative Income Trust (XFLT) approved a new investment sub-advisory agreement with Rockford Tower Asset Management, L.L.C. at a reconvened special meeting on August 6, 2026, after the meeting was adjourned to gather more proxy votes. The agreement was signed August 10, 2026, and its terms are substantially the same as the interim agreement from July 30, 2026, except for the term, which is two years initially.
Shareholders approved the New Sub-Advisory Agreement at the reconvened special meeting on August 6, 2026, after an earlier adjournment to solicit more proxies.
The New Sub-Advisory Agreement was entered into on August 10, 2026, among the Trust, XA Investments, LLC and Rockford Tower Asset Management, L.L.C.
The agreement has an initial two-year term, then renews annually, and can be terminated by either the Trust or Adviser or the sub-adviser on 60 days' written notice.
The trust replaced its previous sub-adviser, Octagon Credit Investors, with King Street's Rockford Tower unit under an interim agreement effective July 30, 2026, while a shareholder vote on a permanent agreement was adjourned to August 6, 2026. The adviser, investment objective, and 1.70% advisory fee are unchanged, and the new sub-adviser's fee is 52% of that advisory fee.
Special Meeting to approve the New Sub-Advisory Agreement adjourned to August 6, 2026 to solicit more proxies
Interim Sub-Advisory Agreement with Rockford Tower Asset Management effective July 30, 2026, replacing Octagon Credit Investors
Sub-advisory fee set at 52% of the 1.70% annual advisory fee; reimbursable expenses capped at 0.07% per annum of average daily net assets
Mr. Young Choi became lead portfolio manager and Mr. Terry Ing became a portfolio manager
The Trust, which trades as XFLT, will change its name from XAI Octagon Floating Rate & Alternative Income Trust to XAI Floating Rate & Alternative Income Trust, effective June 8, 2026. The filing is a administrative update that was previously announced on May 19, 2026 and does not describe any change to the Trust's operations or financial position.
Current name: XAI Octagon Floating Rate & Alternative Income Trust
New name: XAI Floating Rate & Alternative Income Trust
Effective date of the name change: June 8, 2026
Name change was first announced in a Form 8-K filed May 19, 2026
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every XAI Floating Rate & Alternative Income Trust filing is on SEC EDGAR ↗. 8-K briefs of other companies →