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StreetInsider.com News Articles http://www.streetinsider.com Latest StreetInsider.com News Articles en-us Copyright 2026, StreetInsider.com rss@streetinsider.com (SI RSS) rss@streetinsider.com (SI RSS) Tue, 01 Sep 2026 16:15:00 -0400 http://blogs.law.harvard.edu/tech/rss http://www.streetinsider.com/images/rss_logo.gif StreetInsider.com News Articles http://www.streetinsider.com 143 28 0 1 2 3 21 22 23 Saturday Sunday XAI Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.225 per Share http://www.streetinsider.com/Press+Releases/XAI+Floating+Rate%C2%A0%26amp%3B+Alternative+Income+Trust+Declares+its+Monthly+Common+Shares+Distribution+of+%240.225+per+Share/27013010.html <p>CHICAGO, Sept. 01, 2026 (GLOBE NEWSWIRE) -- XAI Floating Rate & Alternative Income Trust (the “Trust”) has declared its regular monthly distribution of $0.225 per share on the Trust’s common shares (NYSE: XFLT), payable on October 1, 2026, to common shareholders of record as of September 15, 2026, as noted below. The amount of the distribution represents no change from the previous month’s distribution amount of $0.225 per share.</p> <p>As of August 6, 2026, The Trust entered into a sub-advisory agreement with Rockford Tower Asset Management, L.L.C., a wholly owned subsidiary of King Street Capital Management, L.P.</p> http://www.streetinsider.com/Press+Releases/XAI+Floating+Rate%C2%A0%26amp%3B+Alternative+Income+Trust+Declares+its+Monthly+Common+Shares+Distribution+of+%240.225+per+Share/27013010.html Tue, 01 Sep 2026 16:15:00 -0400 XFLT XAI Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.225 per Share http://www.streetinsider.com/Globe+Newswire/XAI+Floating+Rate%C2%A0%26amp%3B+Alternative+Income+Trust+Declares+its+Monthly+Common+Shares+Distribution+of+%240.225+per+Share/27013010.html <p>CHICAGO, Sept. 01, 2026 (GLOBE NEWSWIRE) -- XAI Floating Rate & Alternative Income Trust (the “Trust”) has declared its regular monthly distribution of $0.225 per share on the Trust’s common shares (NYSE: XFLT), payable on October 1, 2026, to common shareholders of record as of September 15, 2026, as noted below. The amount of the distribution represents no change from the previous month’s distribution amount of $0.225 per share.</p> <p>As of August 6, 2026, The Trust entered into a sub-advisory agreement with Rockford Tower Asset Management, L.L.C., a wholly owned subsidiary of King Street Capital Management, L.P.</p> http://www.streetinsider.com/Globe+Newswire/XAI+Floating+Rate%C2%A0%26amp%3B+Alternative+Income+Trust+Declares+its+Monthly+Common+Shares+Distribution+of+%240.225+per+Share/27013010.html Tue, 01 Sep 2026 16:15:00 -0400 XFLT XAI Expands Alternatives Platform with Addition of Evanston Capital Tender Offer Fund http://www.streetinsider.com/Press+Releases/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html <p align="left">CHICAGO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- The Evanston Multi-Alpha Fund (the “Fund”) today announced the appointment of XA Investments LLC ("XAI") as its investment adviser and the retention of Evanston Capital Management, LLC ("Evanston Capital") as its sub-adviser.</p> <p align="left">The transaction expands XAI's alternatives platform through the addition of a differentiated multi-manager hedge fund strategy backed by Evanston Capital's long-standing institutional investment expertise. Evanston Capital manages approximately $4.6 billion in hedge fund products on behalf of endowments, foundations, public pension plans, family offices, and other institutional investors. Through the Fund, investors gain access to the http://www.streetinsider.com/Press+Releases/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html Fri, 14 Aug 2026 08:30:00 -0400 A.60005096 MCN O.06705717 O.40362001 O.58027029 XFLT XAI Expands Alternatives Platform with Addition of Evanston Capital Tender Offer Fund http://www.streetinsider.com/Press+Releases/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html <p align="left">CHICAGO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- The Evanston Multi-Alpha Fund (the “Fund”) today announced the appointment of XA Investments LLC ("XAI") as its investment adviser and the retention of Evanston Capital Management, LLC ("Evanston Capital") as its sub-adviser.</p> <p align="left">The transaction expands XAI's alternatives platform through the addition of a differentiated multi-manager hedge fund strategy backed by Evanston Capital's long-standing institutional investment expertise. Evanston Capital manages approximately $4.6 billion in hedge fund products on behalf of endowments, foundations, public pension plans, family offices, and other institutional investors. Through the Fund, investors gain access to the http://www.streetinsider.com/Press+Releases/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html Fri, 14 Aug 2026 08:30:00 -0400 A.60005096 MCN O.06705717 O.40362001 O.58027029 XFLT XAI Expands Alternatives Platform with Addition of Evanston Capital Tender Offer Fund http://www.streetinsider.com/Press+Releases/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html <p align="left">CHICAGO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- The Evanston Multi-Alpha Fund (the “Fund”) today announced the appointment of XA Investments LLC ("XAI") as its investment adviser and the retention of Evanston Capital Management, LLC ("Evanston Capital") as its sub-adviser.</p> <p align="left">The transaction expands XAI's alternatives platform through the addition of a differentiated multi-manager hedge fund strategy backed by Evanston Capital's long-standing institutional investment expertise. Evanston Capital manages approximately $4.6 billion in hedge fund products on behalf of endowments, foundations, public pension plans, family offices, and other institutional investors. Through the Fund, investors gain access to the http://www.streetinsider.com/Press+Releases/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html Fri, 14 Aug 2026 08:30:00 -0400 A.60005096 MCN O.06705717 O.40362001 O.58027029 XFLT XAI Expands Alternatives Platform with Addition of Evanston Capital Tender Offer Fund http://www.streetinsider.com/Press+Releases/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html <p align="left">CHICAGO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- The Evanston Multi-Alpha Fund (the “Fund”) today announced the appointment of XA Investments LLC ("XAI") as its investment adviser and the retention of Evanston Capital Management, LLC ("Evanston Capital") as its sub-adviser.</p> <p align="left">The transaction expands XAI's alternatives platform through the addition of a differentiated multi-manager hedge fund strategy backed by Evanston Capital's long-standing institutional investment expertise. Evanston Capital manages approximately $4.6 billion in hedge fund products on behalf of endowments, foundations, public pension plans, family offices, and other institutional investors. Through the Fund, investors gain access to the http://www.streetinsider.com/Press+Releases/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html Fri, 14 Aug 2026 08:30:00 -0400 A.60005096 MCN O.06705717 O.40362001 O.58027029 XFLT XAI Expands Alternatives Platform with Addition of Evanston Capital Tender Offer Fund http://www.streetinsider.com/Press+Releases/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html <p align="left">CHICAGO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- The Evanston Multi-Alpha Fund (the “Fund”) today announced the appointment of XA Investments LLC ("XAI") as its investment adviser and the retention of Evanston Capital Management, LLC ("Evanston Capital") as its sub-adviser.</p> <p align="left">The transaction expands XAI's alternatives platform through the addition of a differentiated multi-manager hedge fund strategy backed by Evanston Capital's long-standing institutional investment expertise. Evanston Capital manages approximately $4.6 billion in hedge fund products on behalf of endowments, foundations, public pension plans, family offices, and other institutional investors. Through the Fund, investors gain access to the http://www.streetinsider.com/Press+Releases/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html Fri, 14 Aug 2026 08:30:00 -0400 A.60005096 MCN O.06705717 O.40362001 O.58027029 XFLT XAI Expands Alternatives Platform with Addition of Evanston Capital Tender Offer Fund http://www.streetinsider.com/Press+Releases/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html <p align="left">CHICAGO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- The Evanston Multi-Alpha Fund (the “Fund”) today announced the appointment of XA Investments LLC ("XAI") as its investment adviser and the retention of Evanston Capital Management, LLC ("Evanston Capital") as its sub-adviser.</p> <p align="left">The transaction expands XAI's alternatives platform through the addition of a differentiated multi-manager hedge fund strategy backed by Evanston Capital's long-standing institutional investment expertise. Evanston Capital manages approximately $4.6 billion in hedge fund products on behalf of endowments, foundations, public pension plans, family offices, and other institutional investors. Through the Fund, investors gain access to the http://www.streetinsider.com/Press+Releases/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html Fri, 14 Aug 2026 08:30:00 -0400 A.60005096 MCN O.06705717 O.40362001 O.58027029 XFLT XAI Expands Alternatives Platform with Addition of Evanston Capital Tender Offer Fund http://www.streetinsider.com/Globe+Newswire/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html <p align="left">CHICAGO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- The Evanston Multi-Alpha Fund (the “Fund”) today announced the appointment of XA Investments LLC ("XAI") as its investment adviser and the retention of Evanston Capital Management, LLC ("Evanston Capital") as its sub-adviser.</p> <p align="left">The transaction expands XAI's alternatives platform through the addition of a differentiated multi-manager hedge fund strategy backed by Evanston Capital's long-standing institutional investment expertise. Evanston Capital manages approximately $4.6 billion in hedge fund products on behalf of endowments, foundations, public pension plans, family offices, and other institutional investors. Through the Fund, investors gain access to the http://www.streetinsider.com/Globe+Newswire/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html Fri, 14 Aug 2026 08:30:00 -0400 A.60005096 MCN O.06705717 O.40362001 O.58027029 XFLT XAI Expands Alternatives Platform with Addition of Evanston Capital Tender Offer Fund http://www.streetinsider.com/Globe+Newswire/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html <p align="left">CHICAGO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- The Evanston Multi-Alpha Fund (the “Fund”) today announced the appointment of XA Investments LLC ("XAI") as its investment adviser and the retention of Evanston Capital Management, LLC ("Evanston Capital") as its sub-adviser.</p> <p align="left">The transaction expands XAI's alternatives platform through the addition of a differentiated multi-manager hedge fund strategy backed by Evanston Capital's long-standing institutional investment expertise. Evanston Capital manages approximately $4.6 billion in hedge fund products on behalf of endowments, foundations, public pension plans, family offices, and other institutional investors. Through the Fund, investors gain access to the http://www.streetinsider.com/Globe+Newswire/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html Fri, 14 Aug 2026 08:30:00 -0400 A.60005096 MCN O.06705717 O.40362001 O.58027029 XFLT XAI Expands Alternatives Platform with Addition of Evanston Capital Tender Offer Fund http://www.streetinsider.com/Globe+Newswire/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html <p align="left">CHICAGO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- The Evanston Multi-Alpha Fund (the “Fund”) today announced the appointment of XA Investments LLC ("XAI") as its investment adviser and the retention of Evanston Capital Management, LLC ("Evanston Capital") as its sub-adviser.</p> <p align="left">The transaction expands XAI's alternatives platform through the addition of a differentiated multi-manager hedge fund strategy backed by Evanston Capital's long-standing institutional investment expertise. Evanston Capital manages approximately $4.6 billion in hedge fund products on behalf of endowments, foundations, public pension plans, family offices, and other institutional investors. Through the Fund, investors gain access to the http://www.streetinsider.com/Globe+Newswire/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html Fri, 14 Aug 2026 08:30:00 -0400 A.60005096 MCN O.06705717 O.40362001 O.58027029 XFLT XAI Expands Alternatives Platform with Addition of Evanston Capital Tender Offer Fund http://www.streetinsider.com/Globe+Newswire/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html <p align="left">CHICAGO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- The Evanston Multi-Alpha Fund (the “Fund”) today announced the appointment of XA Investments LLC ("XAI") as its investment adviser and the retention of Evanston Capital Management, LLC ("Evanston Capital") as its sub-adviser.</p> <p align="left">The transaction expands XAI's alternatives platform through the addition of a differentiated multi-manager hedge fund strategy backed by Evanston Capital's long-standing institutional investment expertise. Evanston Capital manages approximately $4.6 billion in hedge fund products on behalf of endowments, foundations, public pension plans, family offices, and other institutional investors. Through the Fund, investors gain access to the http://www.streetinsider.com/Globe+Newswire/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html Fri, 14 Aug 2026 08:30:00 -0400 A.60005096 MCN O.06705717 O.40362001 O.58027029 XFLT XAI Expands Alternatives Platform with Addition of Evanston Capital Tender Offer Fund http://www.streetinsider.com/Globe+Newswire/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html <p align="left">CHICAGO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- The Evanston Multi-Alpha Fund (the “Fund”) today announced the appointment of XA Investments LLC ("XAI") as its investment adviser and the retention of Evanston Capital Management, LLC ("Evanston Capital") as its sub-adviser.</p> <p align="left">The transaction expands XAI's alternatives platform through the addition of a differentiated multi-manager hedge fund strategy backed by Evanston Capital's long-standing institutional investment expertise. Evanston Capital manages approximately $4.6 billion in hedge fund products on behalf of endowments, foundations, public pension plans, family offices, and other institutional investors. Through the Fund, investors gain access to the http://www.streetinsider.com/Globe+Newswire/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html Fri, 14 Aug 2026 08:30:00 -0400 A.60005096 MCN O.06705717 O.40362001 O.58027029 XFLT XAI Expands Alternatives Platform with Addition of Evanston Capital Tender Offer Fund http://www.streetinsider.com/Globe+Newswire/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html <p align="left">CHICAGO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- The Evanston Multi-Alpha Fund (the “Fund”) today announced the appointment of XA Investments LLC ("XAI") as its investment adviser and the retention of Evanston Capital Management, LLC ("Evanston Capital") as its sub-adviser.</p> <p align="left">The transaction expands XAI's alternatives platform through the addition of a differentiated multi-manager hedge fund strategy backed by Evanston Capital's long-standing institutional investment expertise. Evanston Capital manages approximately $4.6 billion in hedge fund products on behalf of endowments, foundations, public pension plans, family offices, and other institutional investors. Through the Fund, investors gain access to the http://www.streetinsider.com/Globe+Newswire/XAI+Expands+Alternatives+Platform+with%C2%A0Addition+of+Evanston+Capital+Tender+Offer%C2%A0Fund/26925118.html Fri, 14 Aug 2026 08:30:00 -0400 A.60005096 MCN O.06705717 O.40362001 O.58027029 XFLT XFLT shareholders approve King Street sub-advisory agreement http://www.streetinsider.com/Corporate+News/XFLT+shareholders+approve+King+Street+sub-advisory+agreement/26898114.html <p>Shareholders of XAI Floating Rate & Alternative Income Trust (NYSE: XFLT) voted to approve a long-term investment sub-advisory agreement with Rockford Tower Asset Management, L.L.C., a wholly owned subsidiary of King Street Capital Management, L.P., according to a press release from the fund.</p><p>The vote took place at a Special Meeting of Shareholders held on August 6, 2026, with a supermajority of votes cast in favor of the agreement. The sub-advisory arrangement is among the fund, its investment adviser XA Investments LLC, and Rockford Tower Asset Management.</p><p>King Street Capital Management manages approximately $30 billion in assets, including a CLO business the http://www.streetinsider.com/Corporate+News/XFLT+shareholders+approve+King+Street+sub-advisory+agreement/26898114.html Mon, 10 Aug 2026 16:15:55 -0400 XFLT XFLT Shareholders Approve the King Street Sub-Advisory Agreement http://www.streetinsider.com/Press+Releases/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html <p align="center"><em>Shareholders Affirm Board-Led Strategy to Enhance Performance, Expand Liquidity and Position XFLT for Long-Term Success</em></p> <p align="center"><em>King Street Sub-Adviser Approval Clears Path for New Investment Leadership</em></p> <p>CHICAGO, Aug. 10, 2026 (GLOBE NEWSWIRE) -- XAI Floating Rate & Alternative Income Trust (XFLT) (the “Fund”) announced the certified results of the Special Meeting of Shareholders held on August 6, 2026. A supermajority of votes cast by shareholders voted to approve the long-term investment sub-advisory agreement (the “King Street Sub-Advisory Agreement”) among the Fund, XA Investments LLC (“XAI”) and Rockford Tower Asset Management, L.L.C. (the “King Street Sub-Adviser”), http://www.streetinsider.com/Press+Releases/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html Mon, 10 Aug 2026 16:15:00 -0400 A.12294919 A.60005096 O.00766728 O.40362001 O.58027029 XFLT XFLT Shareholders Approve the King Street Sub-Advisory Agreement http://www.streetinsider.com/Press+Releases/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html <p align="center"><em>Shareholders Affirm Board-Led Strategy to Enhance Performance, Expand Liquidity and Position XFLT for Long-Term Success</em></p> <p align="center"><em>King Street Sub-Adviser Approval Clears Path for New Investment Leadership</em></p> <p>CHICAGO, Aug. 10, 2026 (GLOBE NEWSWIRE) -- XAI Floating Rate & Alternative Income Trust (XFLT) (the “Fund”) announced the certified results of the Special Meeting of Shareholders held on August 6, 2026. A supermajority of votes cast by shareholders voted to approve the long-term investment sub-advisory agreement (the “King Street Sub-Advisory Agreement”) among the Fund, XA Investments LLC (“XAI”) and Rockford Tower Asset Management, L.L.C. (the “King Street Sub-Adviser”), http://www.streetinsider.com/Press+Releases/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html Mon, 10 Aug 2026 16:15:00 -0400 A.12294919 A.60005096 O.00766728 O.40362001 O.58027029 XFLT XFLT Shareholders Approve the King Street Sub-Advisory Agreement http://www.streetinsider.com/Press+Releases/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html <p align="center"><em>Shareholders Affirm Board-Led Strategy to Enhance Performance, Expand Liquidity and Position XFLT for Long-Term Success</em></p> <p align="center"><em>King Street Sub-Adviser Approval Clears Path for New Investment Leadership</em></p> <p>CHICAGO, Aug. 10, 2026 (GLOBE NEWSWIRE) -- XAI Floating Rate & Alternative Income Trust (XFLT) (the “Fund”) announced the certified results of the Special Meeting of Shareholders held on August 6, 2026. A supermajority of votes cast by shareholders voted to approve the long-term investment sub-advisory agreement (the “King Street Sub-Advisory Agreement”) among the Fund, XA Investments LLC (“XAI”) and Rockford Tower Asset Management, L.L.C. (the “King Street Sub-Adviser”), http://www.streetinsider.com/Press+Releases/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html Mon, 10 Aug 2026 16:15:00 -0400 A.12294919 A.60005096 O.00766728 O.40362001 O.58027029 XFLT XFLT Shareholders Approve the King Street Sub-Advisory Agreement http://www.streetinsider.com/Press+Releases/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html <p align="center"><em>Shareholders Affirm Board-Led Strategy to Enhance Performance, Expand Liquidity and Position XFLT for Long-Term Success</em></p> <p align="center"><em>King Street Sub-Adviser Approval Clears Path for New Investment Leadership</em></p> <p>CHICAGO, Aug. 10, 2026 (GLOBE NEWSWIRE) -- XAI Floating Rate & Alternative Income Trust (XFLT) (the “Fund”) announced the certified results of the Special Meeting of Shareholders held on August 6, 2026. A supermajority of votes cast by shareholders voted to approve the long-term investment sub-advisory agreement (the “King Street Sub-Advisory Agreement”) among the Fund, XA Investments LLC (“XAI”) and Rockford Tower Asset Management, L.L.C. (the “King Street Sub-Adviser”), http://www.streetinsider.com/Press+Releases/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html Mon, 10 Aug 2026 16:15:00 -0400 A.12294919 A.60005096 O.00766728 O.40362001 O.58027029 XFLT XFLT Shareholders Approve the King Street Sub-Advisory Agreement http://www.streetinsider.com/Press+Releases/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html <p align="center"><em>Shareholders Affirm Board-Led Strategy to Enhance Performance, Expand Liquidity and Position XFLT for Long-Term Success</em></p> <p align="center"><em>King Street Sub-Adviser Approval Clears Path for New Investment Leadership</em></p> <p>CHICAGO, Aug. 10, 2026 (GLOBE NEWSWIRE) -- XAI Floating Rate & Alternative Income Trust (XFLT) (the “Fund”) announced the certified results of the Special Meeting of Shareholders held on August 6, 2026. A supermajority of votes cast by shareholders voted to approve the long-term investment sub-advisory agreement (the “King Street Sub-Advisory Agreement”) among the Fund, XA Investments LLC (“XAI”) and Rockford Tower Asset Management, L.L.C. (the “King Street Sub-Adviser”), http://www.streetinsider.com/Press+Releases/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html Mon, 10 Aug 2026 16:15:00 -0400 A.12294919 A.60005096 O.00766728 O.40362001 O.58027029 XFLT XFLT Shareholders Approve the King Street Sub-Advisory Agreement http://www.streetinsider.com/Press+Releases/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html <p align="center"><em>Shareholders Affirm Board-Led Strategy to Enhance Performance, Expand Liquidity and Position XFLT for Long-Term Success</em></p> <p align="center"><em>King Street Sub-Adviser Approval Clears Path for New Investment Leadership</em></p> <p>CHICAGO, Aug. 10, 2026 (GLOBE NEWSWIRE) -- XAI Floating Rate & Alternative Income Trust (XFLT) (the “Fund”) announced the certified results of the Special Meeting of Shareholders held on August 6, 2026. A supermajority of votes cast by shareholders voted to approve the long-term investment sub-advisory agreement (the “King Street Sub-Advisory Agreement”) among the Fund, XA Investments LLC (“XAI”) and Rockford Tower Asset Management, L.L.C. (the “King Street Sub-Adviser”), http://www.streetinsider.com/Press+Releases/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html Mon, 10 Aug 2026 16:15:00 -0400 A.12294919 A.60005096 O.00766728 O.40362001 O.58027029 XFLT XFLT Shareholders Approve the King Street Sub-Advisory Agreement http://www.streetinsider.com/Globe+Newswire/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html <p align="center"><em>Shareholders Affirm Board-Led Strategy to Enhance Performance, Expand Liquidity and Position XFLT for Long-Term Success</em></p> <p align="center"><em>King Street Sub-Adviser Approval Clears Path for New Investment Leadership</em></p> <p>CHICAGO, Aug. 10, 2026 (GLOBE NEWSWIRE) -- XAI Floating Rate & Alternative Income Trust (XFLT) (the “Fund”) announced the certified results of the Special Meeting of Shareholders held on August 6, 2026. A supermajority of votes cast by shareholders voted to approve the long-term investment sub-advisory agreement (the “King Street Sub-Advisory Agreement”) among the Fund, XA Investments LLC (“XAI”) and Rockford Tower Asset Management, L.L.C. (the “King Street Sub-Adviser”), http://www.streetinsider.com/Globe+Newswire/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html Mon, 10 Aug 2026 16:15:00 -0400 A.12294919 A.60005096 O.00766728 O.40362001 O.58027029 XFLT XFLT Shareholders Approve the King Street Sub-Advisory Agreement http://www.streetinsider.com/Globe+Newswire/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html <p align="center"><em>Shareholders Affirm Board-Led Strategy to Enhance Performance, Expand Liquidity and Position XFLT for Long-Term Success</em></p> <p align="center"><em>King Street Sub-Adviser Approval Clears Path for New Investment Leadership</em></p> <p>CHICAGO, Aug. 10, 2026 (GLOBE NEWSWIRE) -- XAI Floating Rate & Alternative Income Trust (XFLT) (the “Fund”) announced the certified results of the Special Meeting of Shareholders held on August 6, 2026. A supermajority of votes cast by shareholders voted to approve the long-term investment sub-advisory agreement (the “King Street Sub-Advisory Agreement”) among the Fund, XA Investments LLC (“XAI”) and Rockford Tower Asset Management, L.L.C. (the “King Street Sub-Adviser”), http://www.streetinsider.com/Globe+Newswire/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html Mon, 10 Aug 2026 16:15:00 -0400 A.12294919 A.60005096 O.00766728 O.40362001 O.58027029 XFLT XFLT Shareholders Approve the King Street Sub-Advisory Agreement http://www.streetinsider.com/Globe+Newswire/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html <p align="center"><em>Shareholders Affirm Board-Led Strategy to Enhance Performance, Expand Liquidity and Position XFLT for Long-Term Success</em></p> <p align="center"><em>King Street Sub-Adviser Approval Clears Path for New Investment Leadership</em></p> <p>CHICAGO, Aug. 10, 2026 (GLOBE NEWSWIRE) -- XAI Floating Rate & Alternative Income Trust (XFLT) (the “Fund”) announced the certified results of the Special Meeting of Shareholders held on August 6, 2026. A supermajority of votes cast by shareholders voted to approve the long-term investment sub-advisory agreement (the “King Street Sub-Advisory Agreement”) among the Fund, XA Investments LLC (“XAI”) and Rockford Tower Asset Management, L.L.C. (the “King Street Sub-Adviser”), http://www.streetinsider.com/Globe+Newswire/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html Mon, 10 Aug 2026 16:15:00 -0400 A.12294919 A.60005096 O.00766728 O.40362001 O.58027029 XFLT XFLT Shareholders Approve the King Street Sub-Advisory Agreement http://www.streetinsider.com/Globe+Newswire/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html <p align="center"><em>Shareholders Affirm Board-Led Strategy to Enhance Performance, Expand Liquidity and Position XFLT for Long-Term Success</em></p> <p align="center"><em>King Street Sub-Adviser Approval Clears Path for New Investment Leadership</em></p> <p>CHICAGO, Aug. 10, 2026 (GLOBE NEWSWIRE) -- XAI Floating Rate & Alternative Income Trust (XFLT) (the “Fund”) announced the certified results of the Special Meeting of Shareholders held on August 6, 2026. A supermajority of votes cast by shareholders voted to approve the long-term investment sub-advisory agreement (the “King Street Sub-Advisory Agreement”) among the Fund, XA Investments LLC (“XAI”) and Rockford Tower Asset Management, L.L.C. (the “King Street Sub-Adviser”), http://www.streetinsider.com/Globe+Newswire/XFLT+Shareholders+Approve+the+King+Street+Sub-Advisory+Agreement/26898086.html Mon, 10 Aug 2026 16:15:00 -0400 A.12294919 A.60005096 O.00766728 O.40362001 O.58027029 XFLT