POWER OF ATTORNEY
Know all by these presents, that the undersigned hereby
constitutes and appoints each of Benjamin McCulloch, Randi Roessler, Dylan
Tillman,
Cameron Jordan, Jay Wasserman and Bryant Park or any of them signing
singly, and with full power of substitution, the undersigned's true and lawful
attorney-in-fact to:
(1) execute for and
on behalf of the
undersigned, in the undersigned's capacity as a an officer, portfolio
manager and/or trustee of XAI Octagon Floating Rate & Alternative Income
Term Trust (the “Trust”), any and all statements on Form ID
(including, but not limited to, obtaining
the Central Index Key (“CIK”) and the CIK confirmation code
from the U.S. Securities and Exchange Commission (the “SEC”)), Forms
3, 4, and 5 in accordance with Section 16(a) of the Securities Exchange Act of
1934 and the rules thereunder;
(2) do and perform
any and all acts for and on
behalf of the undersigned which may be necessary or desirable to
complete and execute any such Form 3, 4, or 5, complete and execute any
amendment or amendments thereto, and timely file such form with the SEC and any
stock exchange or similar
authority; and
(3) take any other
action of any type
whatsoever in connection with the foregoing which, in the opinion of
such attorney-in-fact, may be of benefit to, in the best interest of, or legally
required by, the undersigned, it being understood that the documents executed by
such
attorney-in-fact on behalf of the undersigned pursuant to this Power of
Attorney shall be in such form and shall contain such terms and conditions as
such attorney-in-fact may approve in such attorney-in-fact's
discretion.
The undersigned hereby grants to each such attorney-in-fact
full power and authority to do and perform any and every act and thing
whatsoever
requisite, necessary, or proper to be done in the exercise of any of the
rights and powers herein granted, as fully to all intents and purposes as the
undersigned might or could do if personally present, with full power of
substitution or revocation,
hereby ratifying and confirming all that such attorney-in-fact, or such
attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be
done by virtue of this power of attorney and the rights and powers herein
granted. The undersigned
acknowledges that the foregoing attorneys-in-fact, in serving in such
capacity at the request of the undersigned, are not assuming, nor is the Trust
assuming any of the undersigned's responsibilities to comply with Section 16 of
the Securities
Exchange Act of 1934.
This Power of Attorney shall remain in full force and effect
until the undersigned is no longer required to file Forms 3, 4, and 5 with
respect to
the undersigned's holdings of and transactions in securities issued by the
Trust, unless earlier revoked by the undersigned in a signed writing delivered
to the foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power of
Attorney to be executed as of this 14 day of December, 2023.
|
By:
|
/s/ William Meyers
|
|
|
Name:
|
William Meyers
|
|