Octagon Publishes Presentation Detailing Opposition to XFLT’s Proposed Sub-Adviser Change

Proposes Better Path Forward for XFLT Shareholders

Urges All Shareholders to Vote the BLUE Proxy Card AGAINST the Proposal to Approve a New Sub-Advisory Agreement with an Unproven Investment Manager at No Savings to Shareholders

Octagon Credit Investors, LLC (“Octagon”), a leading credit-focused asset manager and shareholder of the XAI Floating Rate & Alternative Income Trust (NYSE: XFLT) (formerly, XAI Octagon Floating Rate & Alternative Income Trust) (the “Fund” or “XFLT”), today announced that it has published a presentation to shareholders in connection with the Fund’s upcoming special meeting of shareholders, which is scheduled to be held on July 30, 2026 (the “Special Meeting”).

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