XAI Floating Rate & Alternative Income Trust — Form 8-K
Filed August 10, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
XAI Floating Rate & Alternative Income Trust (Delaware statutory trust) executed a sub-advisory agreement effective August 10, 2026, appointing Rockford Tower Asset Management, L.L.C. (New York-based registered investment adviser) to provide investment management services. The Sub-Adviser will receive 52% of the advisory fee paid to XA Investments LLC (the primary adviser) as compensation. The agreement is for an initial two-year term, renewable annually with Board approval, and provides standard portfolio management, research, trading, and compliance services under oversight of the Adviser and Trust Board.
Why this rating
Routine sub-advisory appointment with no disclosed asset size, fee amounts, or material operational changes. Standard for closed-end funds; administrative in nature.
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