Filing Analysis
📄 Other SEC Filing
Filed May 29, 2026
⚪ LOW
The Trust is announcing the effective date for a previously disclosed corporate name change. The entity will transition from 'XAI Octagon Floating Rate & Alternative Income Trust' to 'XAI Floating Rate & Alternative Income Trust'.
📋 Key Facts
- The name change becomes effective on June 8, 2026.
- The change was previously announced in a Form 8-K filed on May 19, 2026.
- The new name is 'XAI Floating Rate & Alternative Income Trust'.
📄 Other SEC Filing
Filed May 19, 2026
🟡 MEDIUM
The Board of Trustees of XAI Octagon Floating Rate & Alternative Income Trust has approved Rockford Tower Asset Management (an affiliate of King Street Capital Management) as the new investment sub-adviser, replacing Octagon Credit Investors, LLC. This transition is subject to shareholder approval at a special meeting scheduled for on or about July 30, 2026, and will result in renaming the fund to 'XAI Floating Rate & Alternative Income Trust'.
🚩 Red Flags
- Loss of the founding sub-adviser (Octagon Credit Investors) which was integrated into the fund's identity and original strategy.
📋 Key Facts
- Rockford Tower Asset Management, L.L.C. (King Street Sub-Adviser) is proposed to serve as the new investment sub-adviser.
- Octagon Credit Investors, LLC, the current sub-adviser, will resign effective on or about July 30, 2026.
- The Trust's name will be changed to 'XAI Floating Rate & Alternative Income Trust' to reflect the sub-adviser change.
- There will be no change to the primary investment adviser (XA Investments LLC) or the advisory fee of 1.70% of average daily Managed Assets.
- A special meeting of shareholders to vote on the new sub-advisory agreement is planned for on or about July 30, 2026.
Disclaimer: This analysis is generated by AI and is for informational purposes only.
It does not constitute financial advice, investment recommendations, or an offer to buy or sell securities.
Always review the original SEC filings and consult a financial advisor before making investment decisions.