Update: XFLT Urges Shareholders to Approve the King Street Sub-Adviser and Effect Liquidity Plan Ahead of August 6th Meeting
XAI Floating Rate & Alternative Income Trust (XFLT) is urging shareholders to vote in favor of appointing King Street Capital Management's subsidiary as its long-term sub-adviser. Supported by leading proxy advisory firms and Seeking Alpha's High Dividend Opportunities, this move aims to implement a liquidity plan involving tender offers to repurch…