{"id":120647,"date":"2026-07-27T21:45:10","date_gmt":"2026-07-27T21:45:10","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/120647\/"},"modified":"2026-07-27T21:45:10","modified_gmt":"2026-07-27T21:45:10","slug":"bulldog-investors-supports-proposal-to-approve-new-sub-advisory-agreement-for-xai-floating-rate-alternative-income-trust","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/120647\/","title":{"rendered":"Bulldog Investors Supports Proposal to Approve New Sub-advisory Agreement for XAI Floating Rate & Alternative Income Trust"},"content":{"rendered":"

SADDLE BROOK, N.J., July 27, 2026 (GLOBE NEWSWIRE) — Bulldog Investors, LLP, a significant shareholder of XAI Floating Rate & Alternative Income Trust (NYSE: XFLT) holding 310,000 shares, announced today that it intends to vote its shares to approve a new sub-advisory agreement with Rockford Tower Asset Management, L.L.C. at XFLT\u2019s special meeting of shareholders on July 30, 2026.<\/p>\n

Phillip Goldstein, a managing partner of Bulldog Investors, stated: “After extensive discussions with representatives of the Fund, we are pleased to have reached an agreement that will include one or more opportunities for shareholders to monetize at least a portion of their shares at a price close to NAV. In addition, we believe that the Board conducted a rigorous search process that resulted in its decision to propose Rockford Tower to serve as the Fund\u2019s new sub-advisor. Consequently, we recommend that shareholders vote FOR of the proposed sub-advisory agreement with Rockford Tower on the Board\u2019s White proxy card.\u201d\u00a0\u00a0<\/p>\n

About Bulldog Investors, LLP: Bulldog is an SEC-registered investment adviser that manages closed-end funds and separately managed accounts. (www.bulldoginvestors.com<\/a>)<\/p>\n

Contact: Phillip Goldstein (914) 260-8248 \/ [email\u00a0protected]<\/a><\/p>\n

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