UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☐ | Definitive Proxy Statement |
| ☒ | Definitive Additional Materials |
| ☐ | Soliciting Material Pursuant to §240.14a-12 |
XAI Floating Rate & Alternative Income Trust
(Exact Name of Registrant as Specified in its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
| Payment of Filing Fee (Check the appropriate box): | |
| ☒ | No fee required. |
| ☐ | Fee paid previously with preliminary materials. |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |
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VOTE FOR THE KING STREET SUB-ADVISORY AGREEMENT
Your Fund’s experienced Board
unanimously recommends shareholders to vote “FOR” a better |
XAI Floating Rate & Alternative Income Trust (XFLT) (the “Fund”) is holding a Special Meeting of Shareholders on July 30, 2026, to approve a new investment sub-advisory agreement (the “King Street Sub-Advisory Agreement”) among the Fund, XA Investments LLC and Rockford Tower Asset Management, L.L.C. (the “King Street Sub-Adviser”), a wholly owned subsidiary of King Street Capital Management, L.P. (“King Street”). King Street’s collateralized loan obligations (CLOs) platform manages $12.3 billion in assets across 20 U.S. CLOs, nine European CLOs and one collateralized bond obligation.
If the proposal is approved, your Fund’s Board believes the King Street Sub-Adviser will be well positioned to improve the Fund’s performance, potentially increase your dividend and execute the Fund’s strategy more dynamically.
| Why XFLT Shareholders Should Vote “FOR” the King Street Sub-Adviser on the WHITE Proxy Card |
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Vote today on the WHITE proxy card
“FOR” the proposal that your Board believes will |
HOW TO VOTE
If you have any questions or need assistance voting your shares please contact our proxy solicitation firm, Okapi Partners LLC, toll-free at (855) 305-0855 or by email at XAI@OkapiPartners.com
EVERY VOTE COUNTS. VOTE “FOR” THE PROPOSAL.