XAI Octagon Floating Rate & Alternative Income Term Trust Increases its Monthly Distribution to $0.073 per Share

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    CHICAGO–(BUSINESS WIRE)–XAI Octagon Floating Rate & Alternative Income Term Trust (“XFLT” or the
    “Trust”) has declared its regular monthly distribution of $0.073 per
    share on the Trust’s common shares, payable on June 3, 2019 to common
    shareholders of record as of May 15, 2019, as noted below. The amount of
    the distribution represents a 5.8% increase from the previous month’s
    distribution amount of $0.069 per share.

    The following dates apply to today’s monthly distribution declaration:

    Ex-Dividend Date         May 14, 2019
    Record Date May 15, 2019
    Payable Date June 3, 2019
    Amount $0.073 per common share
    Change from Previous Month 5.8% increase

    Distributions on common shares are generally paid from net investment
    income (regular interest and dividends) and may also include capital
    gains and/or a return of capital. The specific tax characteristics of
    the distributions will be reported to the Trust’s common shareholders on
    Form 1099 after the end of the 2019 calendar year. For further
    information regarding the Trust’s distributions, please visit www.xainvestments.com.

    The Trust’s common shares are traded on the New York Stock Exchange
    under the symbol “XFLT.”

    About XA Investments

    XA Investments (“XAI”) is a Chicago-based firm founded by XMS Capital
    Partners in April, 2016. XAI believes that the investing public can
    benefit from new vehicles to access a broad range of alternative
    investment strategies and managers. XAI provides individual investors
    with access to institutional-caliber alternative managers. It will
    partner with established asset managers with proven capabilities in
    alternative credit, private debt and select hedge fund strategies.

    About XMS Capital Partners

    XMS Capital Partners, established in 2006, is a global, independent,
    financial services firm providing M&A, corporate advisory and asset
    management services to clients. It has offices in Chicago, Boston,
    London and Dublin. For more information, please visit www.xmscapital.com.

    About Octagon Credit Investors

    Octagon is a 20+ year old, below-investment grade corporate credit
    investment adviser based in New York with approximately $22.3 billion in
    assets under management as of March 31, 2019. Octagon focuses on
    leveraged loans, high yield bonds and structured credit. Through
    fundamental credit analysis and active portfolio management, Octagon’s
    investment team identifies attractive relative value opportunities
    across below-investment grade asset classes, sectors and issuers.
    Octagon’s investment philosophy and methodology encourage and rely upon
    dynamic internal communication to manage portfolio risk. Over its
    history, the firm has applied a disciplined, repeatable and scalable
    approach in its effort to generate attractive risk-adjusted returns to
    its investors. For more information, please visit www.octagoncredit.com.

    XAI does not provide tax advice; consult a professional tax advisor
    regarding your specific tax situation. Income may be subject to state
    and local taxes, as well as the federal alternative minimum tax.

    Investors should consider the investment objectives and policies, risk
    considerations, charges and expenses of the Trust carefully before
    investing. For more information on the Trust, please visit the Trust’s
    webpage at www.xainvestments.com.

    This press release shall not constitute an offer to sell or a
    solicitation to buy, nor shall there be any sale of these securities in
    any state or jurisdiction in which such offer or solicitation or sale
    would be unlawful prior to registration or qualification under the laws
    of such state or jurisdiction.



    Media Contact:
    Hank Hakewill, Hakewill & Associates
    847-256-5420 (office); 847-714-6561 (cell)
    Email: hankhake@yahoo.com