XAI Floating Rate & Alternative Income Trust (XFLT) (the "Fund") has announced August 6, 2026, as the date for the adjourned Special Meeting of Shareholders, allowing shareholders more time to review important materials related to the proxy contest, including the details of the Fund’s proposed liquidity plan and the "FOR" recommendations by two leading proxy advisors Institutional Shareholder Services ("ISS") and Glass, Lewis & Co. LLC ("Glass Lewis") in favor of the proposed sub-advisory agreement (the "King Street Sub-Advisory Agreement") among the Fund, XAI and Rockford Tower Asset Management, L.L.C. (the "King Street Sub-Adviser"), a wholly owned subsidiary of King Street Capital Management, L.P. ("King Street").