XAI Octagon Floating Rate & Alternative Income Term Trust has declared its regular monthly distribution of $0.073 per share on the Trust's common shares, payable on September 1, 2022 to common shareholders of record as of August 15, 2022, as noted below. The amount of the distribution represents no change from the previous month's distribution amount. The following dates apply to the declaration: Ex-Dividend Date is August 15, 2022; Record Date is August 16, 2022 and Payable Date is September 1, 2022.