XAI Floating Rate & Alternative Income Trust shareholders approve new sub-advisory agreement
XFLT•Contract terms and execution
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.
Shareholders approve new sub-advisory agreement
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.
