XAI Funds Announce June 30 Webinar on Board-Approved King Street Sub-Advisory Agreement
XFLT•XAI Floating Rate & Alternative Income Trust and XAI CLO & Income Opportunities Fund will host a June 30 webinar presenting their Boards’ unanimous approval of a King Street sub-advisory agreement. The agreement, recommending shareholder approval, aims to strengthen portfolio management and boost income potential.
1. Webinar Details
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. Eastern Time. Kimberly Flynn, President, and Kevin Davis, Managing Director, will review proposed fund changes, while Young Choi will introduce King Street Capital Management and its Rockford Tower Asset Management subsidiary as the new sub-adviser. Registration is available via the Knowledge Bank section of XAI’s website, with phone-in audio options provided.
2. Board Approval and Voting
The Boards of Trustees of each fund unanimously approved the King Street Sub-Advisory Agreement and recommend that shareholders vote FOR its adoption. Record-date shareholders will receive a proxy statement, notice of special meeting and proxy card outlining the sub-adviser’s role and voting instructions.
3. Sub-Adviser Role and Benefits
King Street Capital Management, through its wholly owned Rockford Tower Asset Management subsidiary, will assume sub-advisory responsibilities for both funds. With $30.0 billion in assets under management and expertise across U.S. and European CLOs, King Street’s involvement is expected to enhance portfolio management rigor and support the funds’ income-generation objectives.
