Item 8.01. Other Events

On December 1, 2020, XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) (the "Trust"), a closed-end fund, issued a press release in connection with the declaration of the Trust's regular monthly distribution of $0.073 per share on the Trust's common shares, payable on December 31, 2020 to common shareholders of record as of December 15, 2020.

Item 9.01 Financial Statements and Exhibits.






(d) Exhibits

The following exhibit is furnished with this report on Form 8-K:

99.1 XAI Octagon Floating Rate & Alternative Income Term Trust Press Release

dated December 1, 2020

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