<SEC-DOCUMENT>0001072613-21-000360-index.html : 20210409
<SEC-HEADER>0001072613-21-000360.hdr.sgml : 20210409
<ACCEPTANCE-DATETIME>20210409161253
ACCESSION NUMBER:		0001072613-21-000360
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210409
DATE AS OF CHANGE:		20210409

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			XAI Octagon Floating Rate & Alternative Income Term Trust
		CENTRAL INDEX KEY:			0001703079
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-92464
		FILM NUMBER:		21817981

	BUSINESS ADDRESS:	
		STREET 1:		321 NORTH CLARK STREET #2430
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60654
		BUSINESS PHONE:		(312) 374-6930

	MAIL ADDRESS:	
		STREET 1:		321 NORTH CLARK STREET #2430
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60654

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	XAI Octagon Floating Rate Alternative Income Term Trust
		DATE OF NAME CHANGE:	20170714

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	XAI Octagon Floating Rate Income & Credit Alternative Trust
		DATE OF NAME CHANGE:	20170406

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Karpus Management, Inc.
		CENTRAL INDEX KEY:			0001048703
		IRS NUMBER:				161290550
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		183 SULLY'S TRAIL
		CITY:			PITTSFORD
		STATE:			NY
		ZIP:			14534
		BUSINESS PHONE:		5855864680

	MAIL ADDRESS:	
		STREET 1:		183 SULLY'S TRAIL
		CITY:			PITTSFORD
		STATE:			NY
		ZIP:			14534

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KARPUS MANAGEMENT INC
		DATE OF NAME CHANGE:	19971029
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>karpus-sch13g_18487.htm
<DESCRIPTION>KARPUS INVESTMENT MGT / XAI OCTAGON - SCHEDULE 13G
<TEXT>
Document 1 - file: karpus-sch13g_18487.htm

</DOCUMENT>
</SEC-DOCUMENT>