---
title: "XAI Floating Rate & Alternative Income Trust urges vote for King Street sub-adviser ahead of Aug. 6 meeting"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294513809.md"
description: "XAI Floating Rate & Alternative Income Trust urged shareholders to approve King Street's sub-advisory agreement at an Aug. 6 meeting, supported by ISS and Glass Lewis. Board approval is tied to a liquidity plan involving a tender offer for up to 12.5% of shares at 98% of NAV within 45 days, with additional contingent tenders possible unless specific discount or value creation thresholds are met."
datetime: "2026-07-31T12:31:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294513809.md)
  - [en](https://longbridge.com/en/news/294513809.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294513809.md)
generator: "portal-rs"
---

# XAI Floating Rate & Alternative Income Trust urges vote for King Street sub-adviser ahead of Aug. 6 meeting

-   XAI Floating Rate & Alternative Income Trust urged shareholders to back King Street’s long-term sub-advisory agreement at an Aug. 6 reconvened meeting. \* ISS and Glass Lewis recommended voting “for” the appointment, with King Street already serving under an interim contract since July 30. \* The board tied approval to a liquidity plan featuring a tender offer for up to 12.5% of shares at 98% of NAV within 45 days. \* The plan adds up to 12.5% more in contingent tenders unless the discount stays below 15% or NAV value creation hits $2.95 per share. 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 GlobeNewswire (Ref. ID: 202607310830PRIMZONEFULLFEED9801608) on July 31, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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