This filing is a routine contractual approval with no immediate trading implications. Monitor future quarterly reports for any changes in fund performance or expense ratios under the new sub-adviser.
Price Chart
Executive Summary
Shareholders of XAI Floating Rate & Alternative Income Trust (XFLT) approved a new investment sub-advisory agreement with Rockford Tower Asset Management (King Street Sub-Adviser) at a special meeting on August 6, 2026. The agreement was executed on August 10, 2026, with an initial two-year term and a sub-advisory fee equal to 52% of the advisory fee paid to the Adviser. This is a routine governance event with no material financial impact disclosed.
Key Facts
- Shareholders approved a new sub-advisory agreement with Rockford Tower Asset Management (King Street Sub-Adviser) on August 6, 2026.
- The agreement was entered into on August 10, 2026, with an initial term of two years, renewable annually.
- Sub-advisory fee is 52% of the advisory fee payable to XA Investments LLC (the Adviser).
- Terms are substantially the same as the interim sub-advisory agreement dated July 30, 2026, except for the term.
Financial Impact
No financial figures disclosed; sub-advisory fee is a percentage of the advisory fee, which is not quantified.
Risk Factors
- No material risks identified from this filing.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-087333 |
| Document: ea0301435-01_8k.htm | 0001213900-26-087333 |
| Document: 0001213900-26-087333-index-headers.html | 0001213900-26-087333 |
| Document: 0001213900-26-087333-index.html | 0001213900-26-087333 |
| Document: 0001213900-26-087333.txt | 0001213900-26-087333 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Press Release | $16.45 | awaiting T+20 | — | $16.45 (+0.00%) |
Oct 21, 2026 6d ago | SC TO-I/A | $16.91 | awaiting T+20 | — | $16.45 (−2.72%) |
Oct 20, 2026 7d ago | SC TO-I/A | $17.03 | awaiting T+20 | — | $16.45 (−3.41%) |
Oct 1, 2026 26d ago | Press Release | $19.31 | awaiting T+20 | — | $16.45 (−14.81%) |
Sep 18, 2026 5w ago | Press Release | $19.57 $17.69 | ▼ −9.61% | ▼ −8.70% | $16.45 (−15.94%) |
Sep 18, 2026 5w ago | SC TO-I | $19.57 $17.69 | ▼ −9.61% | ▼ −8.70% | $16.45 (−15.94%) |
Aug 10, 2026 11w ago | 8-K | $19.16 $19.38 | ▲ +1.15% | ▲ +2.21% | $16.45 (−14.14%) |
Aug 4, 2026 12w ago | DEFA14A | $18.66 $18.93 | ▲ +1.45% | ▲ +2.05% | $16.45 (−11.84%) |
Aug 3, 2026 12w ago | DEFA14A | $18.80 $18.91 | ▲ +0.59% | ▲ +1.82% | $16.45 (−12.50%) |
Aug 3, 2026 12w ago | DEFA14A | $18.80 $18.91 | ▲ +0.59% | ▲ +1.82% | $16.45 (−12.50%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers