X0202 SCHEDULE 13G 0000072971 XXXXXXXX LIVE Class I Common Stock 11/30/2024 0002000645 XAI CLO & Income Opportunities Fund 67578T206 321 N. CLARK ST. SUITE 2430 CHICAGO IL 60654 Rule 13d-1(b) Wells Fargo & Company DE 0 0 826345 0 826345 43.6 HC * The percentage of ownership reported in row 11 represents Wells Fargo & Co's ownership as of August 31, 2026. The percentage is calculated based on the total outstanding shares of both Class A and Class I shares issued by the Fund. As of August 31, 2026, the Fund had 1,452,922 Class I shares and 441,251 Class A shares outstanding. Class A and Class I shares constitute the same voting class of securities and have equal voting rights on matters affecting the Fund as a whole, including the election of directors. XAI CLO & Income Opportunities Fund 321 N. CLARK ST., SUITE 2430, CHICAGO, IL 60654 Wells Fargo & Company 333 Market Street, San Francisco, CA 94105 DE N HC 826,345 43.6* 0 0 826,345 0 Y N N Not applicable N This Schedule 13G is filed by Wells Fargo & Company on its own and on behalf of its subsidiaries Wells Fargo Bank, N.A., a Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); Wells Fargo Investment Institute, Inc., an investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E). N Not applicable N Not applicable N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. Exhibit 99 - The table below reflects Wells Fargo & Co.'s percentage ownership of XAI CLO & Income Opportunities Fund Class I shares as of each month-end in which the number of shares Wells Fargo & Co owned changed. The ownership percentage is calculated based on the total outstanding shares of both Class A and Class I shares issued by the Fund as of each month-end. Class A and Class I shares constitute the same voting class of equity securities and have equal voting rights with respect to matters affecting the Fund as a whole, including the election of directors. Wells Fargo & Company Ally Pecarro 11/13/2026