Octagon Urges XFLT Shareholders to Choose a Better Path Forward and Vote AGAINST the Board's Proposed Sub-Adviser Change

Octagon Urges XFLT Shareholders to Choose a Better Path Forward and Vote AGAINST the Board's Proposed Sub-Adviser Change

Files Definitive Proxy Statement and BLUE Proxy Card in Connection with XFLT's July 30 Special Meeting

Releases Letter to XFLT Shareholders Outlining Plan to Lower Fees, Protect Distributions and Narrow the Fund's Discount to NAV Under Octagon Stewardship

Urges Shareholders to Vote AGAINST Replacing Octagon with an Unproven Manager at No Savings to Shareholders

Octagon Credit Investors, LLC (“Octagon”), a leading credit-focused asset manager, today announced that it has filed its definitive proxy statement with the U.S. Securities and Exchange Commission (the “SEC”) and has issued an open letter to shareholders of XAI Floating Rate & Alternative Income Trust (NYSE: XFLT) (formerly, XAI Octagon Floating Rate & Alternative Income Trust) (the “Fund” or “XFLT”) in connection with the Fund’s upcoming special meeting of shareholders which is scheduled to be held on July 30, 2026 (the “Special Meeting”).