Funds to Hold June 30 Webinar on King Street Sub-Advisory Agreement
MCN•XAI Floating Rate & Alternative Income Trust and XAI CLO & Income Opportunities Fund will host a June 30 webinar at 11:00 a.m. ET to discuss proposed King Street Capital Management sub-advisory agreements. The Boards of Trustees unanimously approved the King Street Sub-Advisory Agreements and recommend shareholders vote to approve.
1. Webinar Scheduled for June 30
XAI Floating Rate & Alternative Income Trust and XAI CLO & Income Opportunities Fund will host a webinar on June 30, 2026, at 11:00 a.m. ET to outline proposed fund changes and the potential benefits of the new sub-advisory arrangement.
2. Board Unanimously Approves King Street Sub-Advisory
The Funds’ Boards of Trustees have unanimously approved a sub-advisory agreement with King Street Capital Management and recommend that shareholders vote in favor of appointing King Street as the Funds’ sub-adviser.
3. King Street’s Expertise and AUM
King Street Capital Management oversees $30.0 billion in assets globally, including $12 billion across 20 U.S. and nine European CLOs, positioning it to manage the Funds’ credit-focused portfolios.
4. Shareholder Voting Process
Shareholders of record will receive a proxy statement, notice of a special meeting and proxy card detailing the King Street agreement; materials and online registration for the webinar will be available ahead of the vote.
