XAI Octagon Floating Rate & Alternative Income Term Trust announced portfolio management changes. Effective February 14, 2020, Gretchen M. Lam, Senior Portfolio Manager at Octagon Credit Investors and a member of the firm's Investment Committee, serves as lead portfolio manager of the Trust. Ms. Lam is supported by a team of Octagon investment professionals in the day-to-day management of the Trust's portfolio, including fellow Investment Committee members Andrew D. Gordon (Chief Executive Officer and Co-Chief Investment Officer), Michael B. Nechamkin (Senior Portfolio Manager and Co-Chief Investment Officer) and Lauren B. Law (Portfolio Manager).