---
title: "Octagon urges XFLT shareholders to vote against new sub-adviser appointment"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293932898.md"
description: "Octagon Credit Investors urged XAI Floating Rate & Alternative Income Trust shareholders to vote against appointing a new sub-adviser at the July 30, 2026 special meeting. Octagon, the current investment manager since 2017, opposes the change, arguing it increases fees for XA Investments without shareholder benefit. Instead, Octagon proposed a plan with lower management fees, steps to narrow the discount to NAV, and a tender offer, criticizing the board for ignoring these measures."
datetime: "2026-07-27T12:31:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293932898.md)
  - [en](https://longbridge.com/en/news/293932898.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293932898.md)
generator: "portal-rs"
---

# Octagon urges XFLT shareholders to vote against new sub-adviser appointment

-   Octagon Credit Investors urged XAI Floating Rate & Alternative Income Trust shareholders to vote against appointing a new sub-adviser at the July 30, 2026 special meeting. \* Octagon, the fund’s investment manager and sub-adviser since 2017, framed the vote as a challenge to replace it despite what it called outperformance. \* Octagon pushed a “better path” plan featuring lower management fees, steps to narrow the discount to NAV, and a significant tender offer. \* Octagon criticized XA Investments and the board for backing the sub-adviser change while not proposing fee cuts or a tender offer. \* Octagon said the proposed shift would increase XA Investments’ share of management fees, calling it misaligned with shareholder interests. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XAI Floating Rate & Alternative Income Trust published the original content used to generate this news brief via Business Wire (Ref. ID: 20260727999811) on July 27, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

### Related Stocks

- [XFLT.US](https://longbridge.com/en/quote/XFLT.US.md)

## Related News & Research

- [XAI Floating Rate & Alternative Income Trust shareholders approve new sub-advisory agreement](https://longbridge.com/en/news/295452318.md)
- [XAI Floating Rate trust shareholders urged to back King Street sub-adviser in Aug. 6 proxy vote](https://longbridge.com/en/news/294610371.md)
- [Jeanie Buss was only sibling who voted against selling shares](https://longbridge.com/en/news/296152709.md)
- [xAI Just Did in 2.3 Years What Took SpaceX Nearly Two Decades](https://longbridge.com/en/news/296528554.md)
- [Phancy Group announces extraordinary general meeting](https://longbridge.com/en/news/296507914.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**