XAI Octagon Floating Rate & Alternative Income Term Trust Declares Regular Monthly Distribution, Payable Date of August 1, 2023

XAI Octagon Floating Rate & Alternative Income Term Trust (the “Trust”) has declared its regular monthly distribution of $0.085 per share of the Trust’s common shares. Ex-Dividend Date of July 14, 2023, Record Date of July 17, 2023 and Payable Date of August 1, 2023.