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Stock impact report

XAI Octagon Floating Rate & Alternative Income Term Trust Announces Shareholder Approval of Important Proposals [Yahoo! Finance]

XAI Octagon Floating Rate & Alternative Income Trust Common Shares of Beneficial Interest (XFLT) 
Company Research Source: Yahoo! Finance
CHICAGO, January 24, 2024 BUSINESS WIRE )--XAI Octagon Floating Rate & Alternative Income Term Trust (the "Trust") (NYSE: XFLT) announced that its shareholders have approved two important proposals at the reconvened special meeting of shareholders (the "Special Meeting") held today. At the Special Meeting, shareholders approved the following: An amendment to the Trust's Second Amended and Restated Declaration of Trust (the "Term Amendment") to eliminate the Trust's termination date of December 31, 2029 and make the Trust perpetual. A new sub-advisory agreement among Octagon Credit Investors, LLC ("Octagon"), the Trust and XA Investments LLC ("XAI") (the "New Octagon Agreement"), to provide for continued portfolio management by Octagon upon the closing of the acquisition of Octagon's parent company, Conning Holdings Limited (together with Conning & Company, "Conning"), by Generali Investment Holdings, an entity comprising the majority of asset management activities of Generali G Show less Read more
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