XFLT announces plan for initial tender offer and subsequent liquidity opportunities for shareholders Xai floating rate and alternative Incom
XFLT announces plan for initial tender offer and subsequent liquidity opportunities for shareholders Xai floating rate and alternative Income Trust: initial tender offer to provide for repurchase of up to 12.5% of fund's outstanding shares - First contingent tender offer to provide for repurchase of up to 7.5% of fund's outstanding shares - Second contingent tender offer to provide for repurchase of up to 5% of fund's outstanding shares - Entered into agreement with bulldog investors - Bulldog investors agreed to vote "for" approval of king Street sub-advisory agreement - Pursuant to agreement bulldog investors agreed to customary standstill terms for a period of 2 years
XFLT announces plan for initial tender offer and subsequent liquidity opportunities for shareholders Xai floating rate and alternative Income Trust: initial tender offer to provide for repurchase of up to 12.5% of fund's outstanding shares - First contingent tender offer to provide for repurchase of up to 7.5% of fund's outstanding shares - Second contingent tender offer to provide for repurchase of up to 5% of fund's outstanding shares - Entered into agreement with bulldog investors - Bulldog investors agreed to vote "for" approval of king Street sub-advisory agreement - Pursuant to agreement bulldog investors agreed to customary standstill terms for a period of 2 years