Market Newsdesk

The Board’s Comprehensive Liquidity Program is Designed to Unlock Shareholder Value

Ahead of the August 6

^th

Meeting, XFLT Asks Shareholders to Vote Today on the


WHITE


Proxy Card “


FOR


” the King Street Sub-Advisory Agreement

CHICAGO, Aug. 01, 2026 (GLOBE NEWSWIRE) — XAI Floating Rate & Alternative Income Trust (XFLT) (the “Fund”) urges shareholders to vote today on the WHITE proxy card “FOR” the long-term appointment of interim sub-adviser 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”) (the “King Street Sub-Advisory Agreement”), ahead of the reconvened Special Meeting of Shareholders on August 6, 2026.

Beginning July 30^th, the King Street Sub-Adviser assumed the role of sub-adviser and has been engaging with XA Investments LLC, the Fund’s Investment Adviser, on a smooth transition. Octagon has been terminated, no longer has a role in the daily portfolio management responsibilities of the Fund and has no authority to implement their proposed plan. An “Against” vote at the upcoming Special Meeting will not reverse Octagon’s termination.

Shareholders are being urged to vote ahead of the August 6^th meeting to ensure the King Street Sub-Adviser can continue managing the Fund’s portfolio going forward on a permanent basis.

A vote “FOR” the proposal on the WHITE proxy card will provide shareholders the following benefits:

• Potential for increased distributions, improved performance over time and expanded investment opportunities in different parts of the U.S. and European credit markets.
• Access to a global, alternative asset manager with a 30-year track record investing in the U.S. and global credit markets with investment professionals based in the U.S., London, Singapore and Dubai.

• Expertise from an investment manager with $30 billion in assets under management, a $12 billion CLO platform and deep bench of talent, including Young Choi, a 20-year veteran and partner at King Street, who is currently serving as Portfolio Manager of XFLT.
• Implementation of the Board’s proposed liquidity plan, including an initial tender offer and a discount management program consisting of two contingent tender offers, occurring approximately 13 and 25 months after the completion of the initial tender offer.
  • Each contingent tender offer will occur unless a net asset value (“NAV”) performance condition or a market discount condition is satisfied.
  • In response to shareholder feedback, the XFLT Board has refined the market discount condition, such that the market discount condition will only be satisfied if the Fund’s common shares close at a market price representing a discount to NAV of less than 15% on 15 out of any 20 consecutive trading days during the final three months of the measurement period preceding the applicable contingent tender.

The XFLT Board continues to take action to protect and advance shareholders’ long-term interests, presenting a real path forward and shareholder-friendly initiatives designed to enhance performance and the future of the Fund.

How to Vote:

The Board urges XFLT shareholders to follow recommendations from Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co. LLC (“Glass Lewis”), leading independent proxy advisory firms, and vote “FOR” the King Street Sub-Adviser on the WHITE proxy card. Use one of the following options to vote:

• By Internet: Visit the website listed on your WHITE proxy card, enter your control number and follow the simple on-screen instructions.

• By Phone: Call the toll-free number listed on your WHITE proxy card.

• By Mail: Sign and return the WHITE proxy card in the enclosed postage-paid envelope.

If you previously voted and want to change your vote to vote “FOR” the King Street Sub-Adviser, all you need to do is vote again following the instructions above.

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


[email protected]


.

About XA Investments

XA Investments LLC is a Chicago-based firm founded by XMS Capital Partners in 2016. XAI serves as the investment adviser for two listed closed-end funds and an interval closed-end fund. In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds to meet institutional client needs. XAI offers custom product build and consulting services, including product development and market research, marketing and fund management. XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers. For more information, please visit www.xainvestments.com.

About King Street Capital Management

King Street is a global alternative investment firm founded in 1995 that manages $30 billion in assets across public and private markets. The firm marries rigorous fundamental research with tactical trading and differentiated sourcing capabilities to identify investment opportunities across asset classes, up and down the capital structure. For more information, please visit www.kingstreet.com. Follow King Street Capital Management on LinkedIn.

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements.” Forward-looking statements can be identified by the words “may,” “will,” “intend,” “expect,” “estimate,” “continue,” “plan,” “anticipate,” and similar terms and the negatives of such terms. By their nature, all forward-looking statements involve risks and uncertainties, and actual results could differ materially from those contemplated by the forward-looking statements. Many factors that could materially affect the Fund’s actual results are the performance of the portfolio of securities held by the Fund, the conditions in the U.S. and international financial and other markets, the price at which Fund shares trade in the public markets and other factors. Although the Fund believes that the expectations expressed in such forward-looking statements are reasonable, actual results could differ materially from those expressed or implied in such forward-looking statements. The Fund’s future financial condition and results of operations, as well as any forward-looking statements, are subject to change and are subject to inherent risks and uncertainties. You are cautioned not to place undue reliance on these forward-looking statements, which are made as of the date of this press release. Except for the Fund’s ongoing obligations under the federal securities laws, the Fund does not intend, and the Fund undertakes no obligation, to update any forward-looking statement.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Past performance is no guarantee of future results. An investment in the Fund involves risk, including the possible loss of principal. Investors should consider the Fund’s investment objectives, risks, charges, and expenses carefully before investing. Please refer to the Fund’s filings with the Securities and Exchange Commission for additional information.

Media Contact: 

XA Investments LLC
Kim Shepherd
Senior Consultant
[email protected]
312-623-5123
www.xainvestments.com

Prosek Partners
[email protected]

NEW YORK, Aug. 01, 2026 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP, a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against GPGI, Inc. (“GPGI”) (NYSE: GPGI), on behalf of those who purchased or acquired GPGI Class A common stock between November 3, 2025 and May 6, 2026, inclusive.

PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION

Investors who purchased GPGI shares during the class period and suffered losses may be eligible to participate in the case, with the lead-plaintiff deadline set for September 14, 2026.

Main Allegations:

The filed complaint alleges that GPGI made materially false statements regarding:

1. Overstating the value of Husky Technologies Limited (“Husky”) (acquired in January 2026)
2. Husky failing to meet projected revenue and EBITDA targets
3. The acquisition being primarily motivated to generate fees for Resolute Holdings (“Resolute”) rather than create shareholder value
4. Defendants’ statements lacking reasonable factual basis

Stock Performance Decline:

• March 12, 2026: After Q4 2025 results showing EBITDA decline, stock dropped 16.4% ($3.23/share)
• May 7, 2026: After Q1 2026 results showing further deterioration and guidance cuts, stock dropped 25.9% ($4.52/share)

Timeline Context:

• August 2024: Resolute acquisition announced
• January 2026: Husky acquisition completed
• February 2026: Negative research report published
• March-May 2026: Stock decline events

WHY WOLF HALDENSTEIN?

This illustrious firm, founded in 1888, is steadfast in their pursuit of justice for investors who have suffered financial harm due to these misrepresented statements. The law firm brings to the fore over 125 years of legal expertise in securities litigation and has a proven track record of protecting the rights of investors.

We encourage all investors who have been affected or have information that will assist in our investigation, to contact Wolf Haldenstein Adler Freeman & Herz LLP.

There is no cost or obligation to speak with an attorney.

Contact:

• Phone: (800) 575-0735 or (212) 545-4774
• Email: 
  [email protected]
• Contact Person: Gregory Stone, Director of Case and Financial Analysis

Firm Website:
Wolf Haldenstein Adler Freeman & Herz LLP

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

NEW YORK, Aug. 01, 2026 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP, a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against Hertz Global Holding, Inc. (NASDAQ: HTZ) (“Hertz” or the “Company”), on behalf of those who purchased or acquired Hertz common stock between May 7, 2026 and June 23, 2026, inclusive.

PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION

Investors who purchased Hertz shares during the class period and suffered losses may be eligible to participate in the case, with the lead-plaintiff deadline set for September 22, 2026.

The Class Period begins on May 7, 2026, when Hertz issued a release announcing the Company’s Q1 2026 financial and operating results on Form 8-K, highlighting the Company’s “Strongest Revenue Growth in Three Years” and emphasizing its improved DPU metrics and solid liquidity and capital position. The following day, Hertz stated that the Company’s cash, liquidity facilities, and refinancing options would be sufficient to fund its operating activities and obligations for the next twelve months and for the near future.

On June 24, 2026, just weeks after assuring investors that its liquidity would carry the Company for at least twelve months, Hertz announced that a wholly owned indirect subsidiary intended to offer $300 million of Exchangeable Senior First-Lien Secured PIK Notes due 2030, together with a concurrent share-lending offering of more than 37 million shares of common stock from which the Company would receive no proceeds. Hertz simultaneously disclosed that “unexpected softness in the used car market” had caused losses on the sale of vehicles in May 2026 and would drive second quarter Adjusted Corporate EBITDA down to a range of just $50 million to $80 million.

On this news, the price of Hertz common stock declined more than 40%, closing at $3.00 per share on June 24, 2026.

The next day, the offering priced on still more dilutive terms, upsized to $350 million (up to $400 million) at a 6.75% coupon, with an exchange price of approximately $3.58 per share, and with the borrowed common stock sold to the public at just $2.70 per share.

WHY WOLF HALDENSTEIN?

This illustrious firm, founded in 1888, is steadfast in their pursuit of justice for investors who have suffered financial harm due to these misrepresented statements. The law firm brings to the fore over 125 years of legal expertise in securities litigation and has a proven record of protecting the rights of investors.

We encourage all investors who have been affected or have information that will assist in our investigation, to contact Wolf Haldenstein Adler Freeman & Herz LLP.

There is no cost or obligation to speak with an attorney.

Contact:

• Phone: (800) 575-0735 or (212) 545-4774
• Email: 
  [email protected]
• Contact Person: Gregory Stone, Director of Case and Financial Analysis

Firm Website:
Wolf Haldenstein Adler Freeman & Herz LLP

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

NEW YORK, Aug. 01, 2026 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities fraud class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Planet Fitness, Inc. (“Planet Fitness” or the “Company”) (NYSE: PLNT) common stock between November 6, 2025, and May 6, 2026, inclusive (the “Class
Period”).

PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION

Investors who purchased Planet Fitness shares during the class period and suffered losses may be eligible to participate in the case, with the lead-plaintiff deadline set for September 14, 2026.

The filed complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that:

• Planet Fitness could not continue to grow its membership rate to the level necessary without a significant overhaul to its marketing message or the introduction of new marketing campaigns, nor could it proceed with the planned rollout of the Black Card price increase that such guidance was significantly reliant upon;
• and as result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

On May 7, 2026, Planet Fitness released its first quarter 2026 financial results, slashing same-store growth from 4-5% to only 1%, and completely withdrawing its long-term three-year growth algorithm it had introduced just six months prior, citing, among other things, an over-pivoted marketing campaign that failed to resonate with its core customer base, alongside external competition. The Company further disclosed that it was pausing its planned national rollout of its Black Card price increase to prioritize revitalizing new membership growth.

On this news, Planet Fitness’s stock price fell $19.95, or 31.2%, to close at $44.01 per share on May 7, 2026.

WHY WOLF HALDENSTEIN?

This illustrious firm, founded in 1888, is steadfast in their pursuit of justice for investors who have suffered financial harm due to these misrepresented statements. The law firm brings to the fore over 125 years of legal expertise in securities litigation and has a proven track record of protecting the rights of investors.

We encourage all investors who have been affected or have information that will assist in our investigation, to contact Wolf Haldenstein Adler Freeman & Herz LLP.

There is no cost or obligation to speak with an attorney.

Contact:

• Phone: (800) 575-0735 or (212) 545-4774
• Email: 
  [email protected]
• Contact Person: Gregory Stone, Director of Case and Financial Analysis

Firm Website:
Wolf Haldenstein Adler Freeman & Herz LLP

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

PHILADELPHIA, Aug. 01, 2026 (GLOBE NEWSWIRE) — The law firm of Barrack, Rodos & Bacine announces that a class action lawsuit has been filed on behalf of investors who purchased shares of Photronics, Inc. (“Photronics” or “the Company”; NASDAQ: PLAB) common stock from December 10, 2025 through May 27, 2026 (the “Class Period”).

Investors who purchased Photronics shares during this period are encouraged to contact the firm at barrack.com/contact-us/ or at the number noted below to discuss their options.

WHAT’S THIS ABOUT?

Photronics is a Connecticut corporation that manufactures photomasks – high precision quartz plates that contain microscopic images of electronic circuits – including a line of high-end integrated circuit (“IC”) photomasks.  

During the Class Period, the Company expressed confidence in its allegedly robust global order patterns, emphasizing Photronics’ position as the “only U.S. headquartered company that can produce trusted masks” and the “only commercial high-end U.S. trusted mask facility.” The Company said it was positioned to implement strategic capacity expansions to aggressively capitalize on “growing high-end demand” for its products. As alleged in the complaint, these representations were false and misleading and/or concealed material adverse facts concerning the true state of Photronics’ high-end product pipeline, customer schedules, and the demand for its products. As alleged, Photronics was actually experiencing a critical bottleneck in its design release pipeline due to elevated foundry utilization rates and equipment cost pressures that rendered its stated growth expectations unachievable.   With the Company’s statements made during the Class Period, the price of Photronics’ stock doubled from its $25 close on December 9, 2025, to its $53 close on May 27, 2026. However, on May 28, 2026, Photronics announced its financial results for the second quarter of fiscal 2026, revealing revenue and earnings well-below internal projections and reflecting a collapse of the Company’s revenue from its high-end IC photomasks. The Company also provided third-quarter guidance below market consensus, reflecting a continued slowdown in sales and compressed profit margins. On this news, the price of Photronics’ common stock fell by 36% – from $53.51 to $34.02 – between its close on May 27, 2026 and its close on May 28, 2026, causing investors in Photronics stock to suffer massive losses.

WHAT CAN I DO?

If you suffered losses on shares of Photronics’ common stock that you purchased from December 10, 2025 to May 27, 2026, and would like to discuss your options, please contact Barrack, Rodos & Bacine by calling Linda Border or Mark Stein at 877-386-3304, or via email at [email protected], or visiting the firm’s web site (barrack.com).

Investors who suffered losses on their purchases of Photronics’ stock during the Class Period are eligible to participate in the case, and may also seek to be appointed as a lead plaintiff for the case. The deadline set for lead plaintiff motions is September 4, 2026.

WHO WE ARE

Barrack, Rodos & Bacine has more than four decades of experience prosecuting securities law class actions, including cases involving accounting fraud and insider trading, and has achieved some of the largest recoveries in U.S. history of securities litigation. The firm’s largest recoveries on behalf of investors include $6.19 billion for WorldCom investors, $3.32 billion for Cendant investors, $1.05 billion for McKesson investors, and $970.5 million for AIG investors.

CINCINNATI, Aug. 01, 2026 (GLOBE NEWSWIRE) — The E.W. Scripps Company (NASDAQ: SSP) has completed its previously announced acquisition of WTVQ, the ABC affiliate in Lexington, Kentucky, from Morris Network, Inc. for $15.8 million. The acquisition creates a duopoly in Lexington with Scripps’ existing NBC affiliate, WLEX, strengthening the company’s local media presence in Central Kentucky.

The completion of the WTVQ acquisition is part of Scripps’ broader strategy to optimize and strengthen its local television portfolio through strategic acquisitions, divestitures and station transactions. This year, Scripps has completed sales of WFTX in Fort Myers, Florida, and WRTV in Indianapolis, generating combined gross proceeds of $123 million. The company also recently completed a station swap with Gray Media that expanded Scripps’ presence in the Mountain West.

Media contact: Becca McCarter, The E.W. Scripps Company, (513) 410-2425, [email protected]

Investor contact: Carolyn Micheli, The E.W. Scripps Company, (513) 977-3732, [email protected]

About Scripps

The E.W. Scripps Company (NASDAQ: SSP) is a diversified media company focused on creating connection. As one of the nation’s largest local TV broadcasters, Scripps serves communities with quality, objective local journalism and operates a portfolio of about 60 stations in 40 markets. Scripps reaches households across the U.S. with national news outlet Scripps News and popular entertainment brands ION, Bounce, Grit, ION Mystery, ION Plus and Laff. Scripps is the nation’s largest holder of broadcast spectrum. Scripps Sports serves professional and college sports leagues, conferences and teams with local market depth and national broadcast reach of up to 100% of TV households. Founded in 1878, Scripps is the steward of the Scripps National Spelling Bee, and its longtime motto is: “Give light and the people will find their own way.”