# EDGAR Filing Document

**Accession Number:** 0001736510
**File Stem:** 0001213900-25-081572
**Filing Date:** 2025-8
**Character Count:** 5602
**Document Hash:** b83e3c6d133044b4965de76e7b426802
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-081572.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001213900-25-081572

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**EFFECTIVENESS DATE**: 20250828

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Variant Alternative Income Fund
- **CENTRAL INDEX KEY:** 0001736510

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23336
- **FILM NUMBER:** 251270856

**BUSINESS ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES, INC.
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 4142992200

**MAIL ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES, INC.
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001736510

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Registered Management Investment Company

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Variant Alternative Income Fund

**Address:** C/O UMB Fund Services, MILWAUKEE, WI 53212

**Telephone number:** 414-229-2270

**Name of agent for service:** Tim Bonin

**Agent Address:** 235 West Galena Street, Milwaukee, WI 53212

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 811-23336

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 549300VKWK774XXSGI69

**Report Type (check only one):**

Institutional Manager.

- [ ] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [x] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                     | CUSIP   | MEETING DATE   | VOTE DESCRIPTION                                                                                                          | VOTE CATEGORY              |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Upper90 Fund III                   |  | 10/30/2024     | Consideration and approval of a one-year extension investment period                                                      | INVESTMENT COMPANY MATTERS |              1 |                0 | FOR         |                                        1 | FOR                         |  |
| Aero Capital Solutions Fund IV, LP |  | 10/22/2024     | Consideration and approval of an extension of the fund's fundraising period to March 28, 2025                             | INVESTMENT COMPANY MATTERS |              1 |                0 | FOR         |                                        1 | FOR                         |  |
| Montreux Healthcare Fund PLC       |  | 10/03/2024     | Consideration and approval of the Fund to be voluntarily wound-up and approving joint and several liquidators of the Fund | CAPITAL STRUCTURE          |              1 |                0 | FOR         |                                        1 | FOR                         |  |
| Oak Harbor Capital NPL VII, LLC    |  | 09/23/2024     | Exit Option 1 selection                                                                                                   | CAPITAL STRUCTURE          |              1 |                0 | AGAINST     |                                        1 | AGAINST                     |  |
| Oak Harbor Capital NPL VII, LLC    |  | 09/23/2024     | Exit Option 2 selection                                                                                                   | CAPITAL STRUCTURE          |              1 |                0 | AGAINST     |                                        1 | AGAINST                     |  |
| Oak Harbor Capital NPL VII, LLC    |  | 09/23/2024     | Exit Option 3 selection                                                                                                   | CAPITAL STRUCTURE          |              1 |                0 | AGAINST     |                                        1 | AGAINST                     |  |
| Oak Harbor Capital NPL VII, LLC    |  | 09/23/2024     | Exit Option 4 selection                                                                                                   | CAPITAL STRUCTURE          |              1 |                0 | FOR         |                                        1 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Variant Alternative Income Fund

**By (Signature):** Robert W. Elsasser

**By (Printed Signature):** Robert W. Elsasser

**By (Title):** President (Principal Executive Officer)

**Date:** 08/28/2025