Flash FinanceUS
Market closed S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · XAI Floating Rate & Alternative Income Trust (XFLT)

XAI Floating Rate & Alternative Income Trust shareholders approve King Street sub-advisory deal

Neutral Impact 2 of 5 shareholder Written later

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.

Key points

  • 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 filing

CompanyXAI Floating Rate & Alternative Income Trust (XFLT)
Form8-K, current report
Filed with the SECAug 10, 2026, 5:07 PM ET
Accession number0001213900-26-087333

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 10, 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.