XAI Funds to Host Webinar on Proposed Changes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Source: Newsfilter
- Webinar Announcement: XAI Floating Rate & Alternative Income Trust and XAI CLO & Income Opportunities Fund will host a webinar on June 30, 2026, to discuss proposed changes and potential benefits for shareholders, which is expected to enhance shareholder confidence in the funds' future direction.
- Advisory Agreement Approval: The Boards of Trustees unanimously approved the advisory agreement with King Street Capital Management, indicating a strategic decision aimed at enhancing investment management capabilities for both funds and their shareholders' interests.
- Shareholder Voting Recommendation: The Boards recommend that shareholders vote in favor of the King Street advisory agreement, aiming to optimize investment strategies through the introduction of a professional asset management team, thereby increasing potential investment returns.
- Enhanced Information Transparency: Shareholders will receive detailed proxy statements and notices of special meetings, ensuring they are well-informed about the advisory agreement and its implications for the funds before voting, reflecting the company's commitment to shareholder rights.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
XAI Funds to Host Webinar on Proposed Changes
- Webinar Announcement: XAI Floating Rate & Alternative Income Trust and XAI CLO & Income Opportunities Fund will host a webinar on June 30, 2026, to discuss proposed changes and potential benefits for shareholders, which is expected to enhance shareholder confidence in the funds' future direction.
- Advisory Agreement Approval: The Boards of Trustees unanimously approved the advisory agreement with King Street Capital Management, indicating a strategic decision aimed at enhancing investment management capabilities for both funds and their shareholders' interests.
- Shareholder Voting Recommendation: The Boards recommend that shareholders vote in favor of the King Street advisory agreement, aiming to optimize investment strategies through the introduction of a professional asset management team, thereby increasing potential investment returns.
- Enhanced Information Transparency: Shareholders will receive detailed proxy statements and notices of special meetings, ensuring they are well-informed about the advisory agreement and its implications for the funds before voting, reflecting the company's commitment to shareholder rights.
See More
XAI Octagon Trust Declares Monthly Distribution of $0.225 per Share
- Distribution Announcement: XAI Octagon Floating Rate & Alternative Income Trust has declared a monthly distribution of $0.225 per share, payable on July 1, 2026, with a record date of June 15, indicating the Trust's commitment to maintaining stable distributions.
- Source of Distribution: The distribution may derive from net investment income, capital gains, or return of capital, highlighting the complexity of the Trust's financial situation as shareholders should not assume all distributions come from net income.
- Tax Implications: The specific tax characteristics of the distributions will be reported to shareholders on Form 1099 after the end of 2026, emphasizing the importance of consulting tax advisors for understanding potential tax impacts.
- Investment Objective: The Trust aims for attractive total returns with a focus on income generation across various stages of the credit cycle, reflecting its strategic approach to investing in the private credit markets.
See More
XA Investments Launches AI Research Tool YOGI
- AI Tool Launch: XA Investments has introduced YOGI, a generative AI research tool designed to assist consulting clients and research subscribers in analyzing competitor funds and designing new evergreen products, thereby enhancing its competitive edge in the private wealth market.
- Response to Market Demand: The development of this tool is a direct response to the needs of a rapidly growing interval fund consulting and research client base, expected to save clients significant time and costs while improving efficiency in market trend analysis and new product launch strategies.
- Market Growth Potential: The interval and tender offer fund marketplace has rapidly expanded at a 25% compounded annual growth rate over the past three years, with 315 funds currently available and another 50 in the registration process, and YOGI will help users navigate this fast-changing market environment more effectively.
- Future Expansion Plans: XA Investments plans to enhance YOGI's insight capabilities in the future by providing information on new evergreen product structures, including retail 3(c)(7) funds and operating company funds, to meet the evolving market demands.
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XA Investments Becomes Adviser to Evanston Multi-Alpha Fund
- Adviser Appointment: XA Investments LLC announced it will become the investment adviser to the Evanston Multi-Alpha Fund, which has a size of $91 million, with the appointment expected to be finalized in Q3 2026, aiming to enhance investor access to institutional-caliber alternative investment strategies.
- Strategic Partnership: Evanston Capital manages $4.4 billion in hedge fund products, and the collaboration will leverage Evanston's nearly 25 years of multi-strategy hedge fund investment experience to enhance portfolio management effectiveness, thereby providing differentiated investment returns for investors.
- Fund Structure Transformation: Plans to convert the Evanston Multi-Alpha Fund into a daily net asset value interval fund aim to expand market reach and simplify the purchasing process for investors, with this transformation expected to occur in the first half of 2027, pending board and shareholder approvals.
- Growth Potential: This partnership will expand the XAI Funds complex from three to four funds, reflecting a proactive response to market demand, while also indicating that XAI's deep expertise in fund operations, distribution, and shareholder engagement will support the Fund's next phase of growth.
See More
XAI's Chief Financial Officer Anthony Armstrong Departs - The Information
- Departure Announcement: AI's top finance executive, Anthony Armstrong, has announced his departure from the company.
- Impact on the Company: Armstrong's exit may have significant implications for the company's financial strategies and operations moving forward.
See More
XA Investments Appoints New Head of Product Development
- Executive Appointment: XA Investments LLC has announced the appointment of Lauren Michalak as managing director and head of product development and strategy, responsible for proprietary closed-end funds, which is expected to enhance the firm's product innovation and market strategy efforts.
- Extensive Experience: Michalak brings 20 years of experience from Nuveen, where she raised over $15 billion in new capital and led complex cross-functional initiatives across multiple fund structures, demonstrating her deep expertise in all stages of the product development lifecycle.
- Strategic Growth: At Nuveen, she was responsible for the strategy of the North American Responsible Investing business line, managing over $100 billion in assets, and designed multi-year strategic plans focused on growth in sustainability investment capabilities, which is likely to provide XA's clients with more competitive investment products.
- Educational Background: Lauren earned her MBA from the University of Chicago Booth School of Business and a Bachelor of Arts in economics and mathematics from Loyola University Chicago, graduating with highest honors, and holds FINRA licenses, showcasing her professional qualifications in the finance sector.
See More
XAI Funds to Host Webinar on Proposed Changes
- Webinar Announcement: XAI Floating Rate & Alternative Income Trust and XAI CLO & Income Opportunities Fund will host a webinar on June 30, 2026, to discuss proposed changes and potential benefits for shareholders, which is expected to enhance shareholder confidence in the funds' future direction.
- Advisory Agreement Approval: The Boards of Trustees unanimously approved the advisory agreement with King Street Capital Management, indicating a strategic decision aimed at enhancing investment management capabilities for both funds and their shareholders' interests.
- Shareholder Voting Recommendation: The Boards recommend that shareholders vote in favor of the King Street advisory agreement, aiming to optimize investment strategies through the introduction of a professional asset management team, thereby increasing potential investment returns.
- Enhanced Information Transparency: Shareholders will receive detailed proxy statements and notices of special meetings, ensuring they are well-informed about the advisory agreement and its implications for the funds before voting, reflecting the company's commitment to shareholder rights.
See More
XAI Octagon Trust Declares Monthly Distribution of $0.225 per Share
- Distribution Announcement: XAI Octagon Floating Rate & Alternative Income Trust has declared a monthly distribution of $0.225 per share, payable on July 1, 2026, with a record date of June 15, indicating the Trust's commitment to maintaining stable distributions.
- Source of Distribution: The distribution may derive from net investment income, capital gains, or return of capital, highlighting the complexity of the Trust's financial situation as shareholders should not assume all distributions come from net income.
- Tax Implications: The specific tax characteristics of the distributions will be reported to shareholders on Form 1099 after the end of 2026, emphasizing the importance of consulting tax advisors for understanding potential tax impacts.
- Investment Objective: The Trust aims for attractive total returns with a focus on income generation across various stages of the credit cycle, reflecting its strategic approach to investing in the private credit markets.
See More
XA Investments Launches AI Research Tool YOGI
- AI Tool Launch: XA Investments has introduced YOGI, a generative AI research tool designed to assist consulting clients and research subscribers in analyzing competitor funds and designing new evergreen products, thereby enhancing its competitive edge in the private wealth market.
- Response to Market Demand: The development of this tool is a direct response to the needs of a rapidly growing interval fund consulting and research client base, expected to save clients significant time and costs while improving efficiency in market trend analysis and new product launch strategies.
- Market Growth Potential: The interval and tender offer fund marketplace has rapidly expanded at a 25% compounded annual growth rate over the past three years, with 315 funds currently available and another 50 in the registration process, and YOGI will help users navigate this fast-changing market environment more effectively.
- Future Expansion Plans: XA Investments plans to enhance YOGI's insight capabilities in the future by providing information on new evergreen product structures, including retail 3(c)(7) funds and operating company funds, to meet the evolving market demands.
See More
XA Investments Becomes Adviser to Evanston Multi-Alpha Fund
- Adviser Appointment: XA Investments LLC announced it will become the investment adviser to the Evanston Multi-Alpha Fund, which has a size of $91 million, with the appointment expected to be finalized in Q3 2026, aiming to enhance investor access to institutional-caliber alternative investment strategies.
- Strategic Partnership: Evanston Capital manages $4.4 billion in hedge fund products, and the collaboration will leverage Evanston's nearly 25 years of multi-strategy hedge fund investment experience to enhance portfolio management effectiveness, thereby providing differentiated investment returns for investors.
- Fund Structure Transformation: Plans to convert the Evanston Multi-Alpha Fund into a daily net asset value interval fund aim to expand market reach and simplify the purchasing process for investors, with this transformation expected to occur in the first half of 2027, pending board and shareholder approvals.
- Growth Potential: This partnership will expand the XAI Funds complex from three to four funds, reflecting a proactive response to market demand, while also indicating that XAI's deep expertise in fund operations, distribution, and shareholder engagement will support the Fund's next phase of growth.
See More
XAI's Chief Financial Officer Anthony Armstrong Departs - The Information
- Departure Announcement: AI's top finance executive, Anthony Armstrong, has announced his departure from the company.
- Impact on the Company: Armstrong's exit may have significant implications for the company's financial strategies and operations moving forward.
See More
XA Investments Appoints New Head of Product Development
- Executive Appointment: XA Investments LLC has announced the appointment of Lauren Michalak as managing director and head of product development and strategy, responsible for proprietary closed-end funds, which is expected to enhance the firm's product innovation and market strategy efforts.
- Extensive Experience: Michalak brings 20 years of experience from Nuveen, where she raised over $15 billion in new capital and led complex cross-functional initiatives across multiple fund structures, demonstrating her deep expertise in all stages of the product development lifecycle.
- Strategic Growth: At Nuveen, she was responsible for the strategy of the North American Responsible Investing business line, managing over $100 billion in assets, and designed multi-year strategic plans focused on growth in sustainability investment capabilities, which is likely to provide XA's clients with more competitive investment products.
- Educational Background: Lauren earned her MBA from the University of Chicago Booth School of Business and a Bachelor of Arts in economics and mathematics from Loyola University Chicago, graduating with highest honors, and holds FINRA licenses, showcasing her professional qualifications in the finance sector.
See More
