XAI Floating Rate & Alternative Income Trust shareholders approve new sub-advisory agreement

Reuters2026/08/10 21:10

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A shareholder special meeting on Aug. 6, 2026, backed a new investment sub-advisory agreement with Rockford Tower Asset Management.
The mandate was adopted at the meeting, clearing the way for the Trust, XA Investments, and Rockford Tower to sign the contract.
The parties executed the new sub-advisory agreement on Aug. 10, 2026, following certification of the final vote.
The contract runs for an initial two-year term, then continues annually subject to required approvals; either side can terminate with 60 days’ notice.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-087333), on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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XAI Floating Rate & Alternative Income Trust shareholders approve new sub-advisory agreement

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