{"id":984573,"date":"2026-07-24T07:03:32","date_gmt":"2026-07-24T11:03:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/glass-lewis-joins-iss-in-supporting-xflts-proposal-to-approve-the-king-street-sub-advisory-agreement-ahead-of-special-meeting\/"},"modified":"2026-07-24T07:03:32","modified_gmt":"2026-07-24T11:03:32","slug":"glass-lewis-joins-iss-in-supporting-xflts-proposal-to-approve-the-king-street-sub-advisory-agreement-ahead-of-special-meeting","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/glass-lewis-joins-iss-in-supporting-xflts-proposal-to-approve-the-king-street-sub-advisory-agreement-ahead-of-special-meeting\/","title":{"rendered":"Glass Lewis Joins ISS in Supporting XFLT&#8217;s Proposal to Approve the King Street Sub-Advisory Agreement Ahead of Special Meeting"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <em>Two Leading Proxy Advisory Firms Recommend Shareholders Vote on the <\/em><br \/>\n        <strong><br \/>\n          <em><br \/>\n            <u>WHITE<\/u><br \/>\n          <\/em><br \/>\n        <\/strong><br \/>\n        <em> card \u201c<\/em><br \/>\n        <strong><br \/>\n          <em><br \/>\n            <u>FOR<\/u><br \/>\n          <\/em><br \/>\n        <\/strong><br \/>\n        <em>\u201d the Approval of the King Street Sub-Adviser Ahead of July 30th Meeting<\/em>\n      <\/p>\n<p>CHICAGO, July  24, 2026  (GLOBE NEWSWIRE) &#8212; XA Investments LLC, manager of XAI Floating Rate &amp; Alternative Income Trust (XFLT) (the \u201cFund\u201d), announced that Glass, Lewis &amp; Co. LLC (&#8220;Glass Lewis\u201d), a leading independent proxy advisory firm, joined Institutional Shareholder Services Inc. (\u201cISS\u201d) in recommending that shareholders of XFLT vote on the\u00a0<strong><u>WHITE<\/u><\/strong> card \u201c<strong><u>FOR<\/u><\/strong>\u201d the approval of a new investment sub-advisory agreement among the Fund, XA Investments LLC and Rockford Tower Asset Management, L.L.C. (the \u201cKing Street Sub-Adviser\u201d), a wholly owned subsidiary of King Street Capital Management, L.P. (\u201cKing Street\u201d) in the upcoming Special Meeting of Shareholders on July 30, 2026.<\/p>\n<table align=\"center\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"4\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">\n            <strong>Glass Lewis and ISS Recommend Shareholders Vote \u201cFOR\u201d<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\" style=\"max-width:25%;width:25%;min-width:25%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">Approve King Street <br \/>Sub-Advisory <br \/>Agreement<\/td>\n<td style=\"max-width:25%;width:25%;min-width:25%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">Board <br \/>Recommendation<\/td>\n<td style=\"max-width:25%;width:25%;min-width:25%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">Glass Lewis<br \/>Recommendation<\/td>\n<td style=\"max-width:25%;width:25%;min-width:25%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">ISS<br \/>Recommendation<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">FOR<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">FOR<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">FOR<\/td>\n<\/tr>\n<\/table>\n<p>\n        <br \/>Important statements by Glass Lewis (in quotes below) in issuing its voting recommendation include<sup>1<\/sup>:<\/p>\n<p>\n        <strong>A Selfish Attempt to Block the Board\u2019s Chosen Successor<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <em>\u201cEven by proxy contest standards, this is a relatively unusual dispute. It is uncommon for an outgoing sub-adviser that the board decided to replace to then launch a solicitation opposing the appointment of its proposed successor and use that campaign to advance an alternative in which it would replace the existing investment adviser altogether.\u201d<\/em><\/p>\n<\/li>\n<\/ul>\n<p>\n        <strong>Octagon is Responsible for XFLT\u2019s Underperformance <\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <em>\u201cThe Trust\u2019s sustained relative underperformance across various timeframes provides a reasonable basis for replacing Octagon as the Trust\u2019s investment sub-adviser.\u201d<\/em><\/p>\n<\/li>\n<li>\n          <em>\u201cConsidering that Octagon, in its capacity as the Trust\u2019s investment sub-adviser, was responsible for the Trust\u2019s day-to-day portfolio management, this analysis places primary weight on NAV total return, which is more directly tied to portfolio construction and security selection than the Trust\u2019s market price return or NAV discount.\u201d<\/em><\/p>\n<\/li>\n<\/ul>\n<p>\n        <strong>Octagon\u2019s Proposal Lacks Merit <\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <em>\u201cNotably, Octagon\u2019s campaign seeks to expand its authority despite the underperformance that occurred while it managed the portfolio, and rejection of the proposal would neither result in the appointment of Octagon as the Trust\u2019s investment adviser nor implement its proposed fee reduction.\u201d<\/em><\/p>\n<\/li>\n<li>\n          <em>\u201cOn balance, strengthening Octagon\u2019s position would be less compelling than approving the board\u2019s proposed replacement.\u201d<\/em><\/p>\n<\/li>\n<\/ul>\n<p>\n        <strong>XFLT Board Conducted a Rigorous Review and Had Clear Grounds to Terminate Octagon<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <em>\u201cXAI states that it reviewed multiple candidates based on their CLO capabilities, scale, sourcing, conflicts, governance, personnel, organizational stability and complementary investment capabilities.\u201d<\/em><\/p>\n<\/li>\n<li>\n          <em>\u201cThe independent trustees also reviewed information concerning King Street\u2019s personnel, performance, financial condition, compliance program and proposed fees with the assistance of independent counsel.\u201d<\/em><\/p>\n<\/li>\n<li>\n          <em>\u201c\u2026 the findings indicate that shareholders experienced materially weaker returns than investors in comparable funds, with deterioration in the Trust\u2019s trading discount compounding its weak NAV performance. Overall, the performance record provides reasonable support for the board\u2019s dissatisfaction with Octagon\u2026\u201d<\/em><\/p>\n<\/li>\n<\/ul>\n<p>\n        <strong>The King Street Sub-Adviser Is Highly Qualified and Has Expanded Investment Capabilities<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <em>\u201cFurther, King Street\u2019s relevant capabilities and broader investment platform support its selection as a credible successor.\u201d<\/em><\/p>\n<\/li>\n<li>\n          <em>\u201cAlthough the entity is newly formed, it draws on King Street\u2019s broader platform, which manages approximately $30.0 billion in assets as of March 31, 2026. The Rockford Tower CLO platform, which King Street established in 2017, has approximately $12.3 billion in assets under management across 19 U.S. CLOs, nine European CLOs and one CBO transaction.\u201d<\/em><\/p>\n<\/li>\n<li>\n          <em>\u201cWhereas Octagon\u2019s management of the Trust has principally focused on broadly syndicated loans, U.S. CLO debt and U.S. CLO equity, the proposed approach would provide access to a broader range of opportunities, including European CLO debt and equity, asset-backed securities and CLO warehouse investments, while maintaining the Trust\u2019s existing investment objective and principal investment policies.\u201d<\/em><\/p>\n<\/li>\n<li>\n          <em>\u201cThe King Street Sub-Adviser would also be able to draw on King Street\u2019s research, trading and sourcing capabilities, potentially improving diversification and allowing the Trust\u2019s portfolio to respond more readily to changing market conditions.\u201d<\/em><\/p>\n<\/li>\n<\/ul>\n<p align=\"center\">\n        <strong>VOTE \u201cFOR\u201d THE APPROVAL OF THE KING STREET SUB-ADVISOR AGREEMENT ON THE\u00a0<\/strong><br \/>\n        <strong><br \/>\n          <u>WHITE<\/u><br \/>\n        <\/strong><br \/>\n        <strong>\u00a0PROXY CARD TODAY<\/strong>\n      <\/p>\n<p>\n        <strong>Your vote is extremely important.<\/strong>\u00a0We urge you to vote \u201c<strong>FOR\u201d\u00a0<\/strong>on the\u00a0<strong><u>WHITE<\/u><\/strong> card to avoid potential disruption to your Fund\u2019s operations.<\/p>\n<p>To inform your vote, the Board recommends:<\/p>\n<p>\u00a0 1)\u00a0\u00a0\u00a0Review all proxy materials closely and critically, including the most recent shareholder letters attached. Materials can also be found on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0iCyZjLc0I9r--ffnI7WsULUlE8-sHTVvR8LdXcvILRaEz25Z5hQYGpLxUxB1A0n30x1FD8NgXW3UqsV-5L_s3UQcOaJUkRO19P4hjdY4GkooNa0lP8n830SsKyoApHNMUQFKdgq3XVWEq2tudUR-mMtOMISJpCom5nst87GXjeZPTM10yEfu_vep4w1IkghnwUGLKRtFb_0hNJeUC6jzwM2U29_xbev6-qgP8MquIhozvjsfMpUahSCnLUk_t1oxyJDM_cr0Hbv0Rs5kxeaQBUsrhq7Ydv3UgCHqKmb6ETSm-4cUfrwNq2cmGp_OpFNzqaQcLxcdoaBPeS5tEX3WRQkQOgqcYreLGuftZ8sIkeKxVsNKgFqylZjSyL_qt563EDfknCR_FlJ5sh5egyC4lcdPVhugoF8_TVDKVrd-4uMKQOPBzH6SBk2KHbC4Ea5sQ0uQ8ldjEAGI1xH9ssBBWn1K7IZzP3BWzf-MVi-Rp0=\" rel=\"nofollow\" target=\"_blank\">sec.gov<\/a>.<\/p>\n<p>\u00a0 2)\u00a0\u00a0\u00a0Examine additional related documents on the Fund\u2019s proxy information page <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cnazn7ieNZOCsn1h3jsbPO1nLHOE9mPgd2Bl-c_gK0yA-r9QC_S2O9309VFJW-CJnuaWbGF_yKZCdWNHC3hYfIdJyeCq4nv_tW8waMP0Uqyiozg4M9pSSGupYNCXCV0ZUX1uq9XBL0sLoIk0WE9QqoYU2hchpa9l2pZtnBhHLaRvm_roXxKtp_7JKa1RKQZldVtgWU4xTKop7FikIDT-FlI6zndS6pwFi3lKUaT0s5KSKom57RvDC33CbTKWXI9I\" rel=\"nofollow\" target=\"_blank\">here<\/a>.<\/p>\n<p>\u00a0 3)\u00a0\u00a0\u00a0Use one of the following options to vote:<\/p>\n<ol style=\"list-style-type:lower-alpha\">\n<li>\n          <strong>By Internet:<\/strong> Visit the website listed on your <strong><u>WHITE<\/u><\/strong> proxy card, enter your control number and follow the simple on-screen instructions.<\/p>\n<\/li>\n<li>\n          <strong>By Phone<\/strong>: Call the toll-free number listed on your <strong><u>WHITE<\/u><\/strong> proxy card.<\/p>\n<\/li>\n<li>\n          <strong>By Mail:<\/strong> Sign and return the enclosed <strong><u>WHITE<\/u><\/strong> proxy card in the enclosed postage-paid envelope.<\/p>\n<\/li>\n<\/ol>\n<p>\n        <strong>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\u00a0<\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-AD-U7oI-ddTZBtaoz2rDEZMVU4VUWOH3rQadVhutZ8BTMXdtlzSEMXda7xLA4lZJKpSELcJaB6ob_1XQ2ZImFl-SuLNp0uI_xEPJ5KgggzVN3LKxAS1Tm0hdSbAylHBx6ZI3hHKzH_M1xOq_cLcWq_xB974HUDkDxroGdb72_hh0rp1R9sMK27Z8Sa4gJXaasunwv93hsaGJ7BBqwvwOj21AXdb-0S2DFZlJA7XoGGBfEPoCsbO1j_-y0Sq7aYWaCVPjDRmN_8Mg1VW1pnVYg==\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <strong>XAI@OkapiPartners.com<\/strong><br \/>\n        <\/a><br \/>\n        <strong>.<\/strong>\u00a0\u00a0<\/p>\n<p>\n        <strong>About XA Investments<\/strong>\n      <\/p>\n<p>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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4OdjKRdJpCuP8ccDf03lYWxj9F7q9LtDeY41zfig4U7G38apyTCXXL4O-l31-XMnH4M9FBxUw-z_jMS_Yad1N85F9tuHl6HrTVr6LJsKb-4=\" rel=\"nofollow\" target=\"_blank\">www.xainvestments.com<\/a>.<\/p>\n<p>\n        <strong>About King Street Capital Management<\/strong><\/p>\n<p>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\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6UIrkYLydTewTcC6xsUvlDPI7KoGNBBsQzJUsWLAqyNcqDB0a22NU31oVRNMDfa4KmAIBb79-HajMAiAxAUB7EmUPwyLUtbtWOfwH35UUW0=\" rel=\"nofollow\" target=\"_blank\">www.kingstreet.com<\/a>. Follow\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=gsnJmVzEEoNTELLXBMPoEFEsFGh60EXYIXIRMIah97rr3dbQOjvmLlhigNJHo0s1eTpaaCifSqo3bbzdRYe-XJAJzDi1fuu49T9N1Zam0CIHybslbPoAIRhE3BNVL4wr4beN57toLQGBx1o3tD5NBMlG35Z_AF5w8lTi3YDLiAMu8xDmgaCpZtGl_vPwUR3ppHXf_MkMf0D-4NvvAdrd0vWlfTz7sWiYiyWM0TeqQ5qLx3U_54b4nt-E71i9xgzzZ3dnHpXXDx1bXeOZxFC-jCuDqa9nSDM0woaDmQM3S_KbBZDH5Ln1UlJRe76upwIh\" rel=\"nofollow\" target=\"_blank\">King Street Capital Management<\/a>\u00a0on LinkedIn.<\/p>\n<p>\n        <strong>Forward-Looking Statements <\/strong>\n      <\/p>\n<p>This press release contains certain statements that may include \u201cforward-looking statements.\u201d Forward-looking statements can be identified by the words \u201cmay,\u201d \u201cwill,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d \u201cplan,\u201d \u201canticipate,\u201d 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\u2019s 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\u2019s 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\u2019s ongoing obligations under the federal securities laws, the Fund does not intend, and the Fund undertakes no obligation, to update any forward-looking statement.<\/p>\n<p>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.<\/p>\n<p>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\u2019s investment objectives, risks, charges, and expenses carefully before investing. Please refer to the Fund\u2019s filings with the Securities and Exchange Commission for additional information.<\/p>\n<p>\n        <strong>Media Contact:\u00a0<\/strong>\n      <\/p>\n<p>XA Investments LLC<br \/>Kim Shepherd<br \/>Senior Consultant<br \/>kshepherd@xainvestments.com<br \/>312-623-5123<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4OdjKRdJpCuP8ccDf03lYWxj9F7q9LtDeY41zfig4U6IkJ0FkRyEEpDAN5zfjLqU-WIpcmuccfFyokkge8KXDdYnWQj81PqGuBi2cUoY-vQ=\" rel=\"nofollow\" target=\"_blank\">www.xainvestments.com<\/a><\/p>\n<p>Prosek Partners <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NL1DJM54ZBD3uVDAzvZ2WTZzsbr6NK1ZYGdD6h4-QCZGqL6XWzvZJci6OYOD1h2jkGT0y8uIPKXj4GtkZrF6w4A-zqEVpPem_Ly-uw1KQ6Q=\" rel=\"nofollow\" target=\"_blank\">Pro-XAI@Prosek.com<\/a><\/p>\n<p>\n        <sup>__________________________________<\/sup>\n      <\/p>\n<p>\n        <sup>1<\/sup>\u00a0Permission to use quotes was neither sought nor obtained.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc2NzYzOCM3NzIxNTczIzUwMDEzMzQ5OA==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZWE5ZDhiYTYtYWUxNC00NzQ5LTg2OGMtOTQ5NmI3NjY5MDUwLTUwMDEzMzQ5OC0yMDI2LTA3LTI0LWVu\/tiny\/XAI-Floating-Rate-Alternative-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Two Leading Proxy Advisory Firms Recommend Shareholders Vote on the WHITE card \u201c FOR \u201d the Approval of the King Street Sub-Adviser Ahead of July 30th Meeting CHICAGO, July 24, 2026 (GLOBE NEWSWIRE) &#8212; XA Investments LLC, manager of XAI Floating Rate &amp; Alternative Income Trust (XFLT) (the \u201cFund\u201d), announced that Glass, Lewis &amp; Co. LLC (&#8220;Glass Lewis\u201d), a leading independent proxy advisory firm, joined Institutional Shareholder Services Inc. (\u201cISS\u201d) in recommending that shareholders of XFLT vote on the\u00a0WHITE card \u201cFOR\u201d the approval of a new investment sub-advisory agreement among the Fund, XA Investments LLC and Rockford Tower Asset Management, L.L.C. (the \u201cKing Street Sub-Adviser\u201d), a wholly owned subsidiary of King Street Capital Management, L.P. (\u201cKing Street\u201d) in the upcoming &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glass-lewis-joins-iss-in-supporting-xflts-proposal-to-approve-the-king-street-sub-advisory-agreement-ahead-of-special-meeting\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Glass Lewis Joins ISS in Supporting XFLT&#8217;s Proposal to Approve the King Street Sub-Advisory Agreement Ahead of Special Meeting&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-984573","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Glass Lewis Joins ISS in Supporting XFLT&#039;s Proposal to Approve the King Street Sub-Advisory Agreement Ahead of Special Meeting - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glass-lewis-joins-iss-in-supporting-xflts-proposal-to-approve-the-king-street-sub-advisory-agreement-ahead-of-special-meeting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glass Lewis Joins ISS in Supporting XFLT&#039;s Proposal to Approve the King Street Sub-Advisory Agreement Ahead of Special Meeting - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Two Leading Proxy Advisory Firms Recommend Shareholders Vote on the WHITE card \u201c FOR \u201d the Approval of the King Street Sub-Adviser Ahead of July 30th Meeting CHICAGO, July 24, 2026 (GLOBE NEWSWIRE) &#8212; XA Investments LLC, manager of XAI Floating Rate &amp; Alternative Income Trust (XFLT) (the \u201cFund\u201d), announced that Glass, Lewis &amp; Co. LLC (&#8220;Glass Lewis\u201d), a leading independent proxy advisory firm, joined Institutional Shareholder Services Inc. (\u201cISS\u201d) in recommending that shareholders of XFLT vote on the\u00a0WHITE card \u201cFOR\u201d the approval of a new investment sub-advisory agreement among the Fund, XA Investments LLC and Rockford Tower Asset Management, L.L.C. (the \u201cKing Street Sub-Adviser\u201d), a wholly owned subsidiary of King Street Capital Management, L.P. (\u201cKing Street\u201d) in the upcoming &hellip; Continue reading &quot;Glass Lewis Joins ISS in Supporting XFLT&#8217;s Proposal to Approve the King Street Sub-Advisory Agreement Ahead of Special Meeting&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/glass-lewis-joins-iss-in-supporting-xflts-proposal-to-approve-the-king-street-sub-advisory-agreement-ahead-of-special-meeting\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-24T11:03:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc2NzYzOCM3NzIxNTczIzUwMDEzMzQ5OA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/glass-lewis-joins-iss-in-supporting-xflts-proposal-to-approve-the-king-street-sub-advisory-agreement-ahead-of-special-meeting\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/glass-lewis-joins-iss-in-supporting-xflts-proposal-to-approve-the-king-street-sub-advisory-agreement-ahead-of-special-meeting\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Glass Lewis Joins ISS in Supporting XFLT&#8217;s Proposal to Approve the King Street Sub-Advisory Agreement Ahead of Special Meeting\",\"datePublished\":\"2026-07-24T11:03:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/glass-lewis-joins-iss-in-supporting-xflts-proposal-to-approve-the-king-street-sub-advisory-agreement-ahead-of-special-meeting\\\/\"},\"wordCount\":1356,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/glass-lewis-joins-iss-in-supporting-xflts-proposal-to-approve-the-king-street-sub-advisory-agreement-ahead-of-special-meeting\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTc2NzYzOCM3NzIxNTczIzUwMDEzMzQ5OA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/glass-lewis-joins-iss-in-supporting-xflts-proposal-to-approve-the-king-street-sub-advisory-agreement-ahead-of-special-meeting\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/glass-lewis-joins-iss-in-supporting-xflts-proposal-to-approve-the-king-street-sub-advisory-agreement-ahead-of-special-meeting\\\/\",\"name\":\"Glass Lewis Joins ISS in Supporting XFLT's Proposal to Approve the King Street Sub-Advisory Agreement Ahead of Special Meeting - 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