diff --git a/CHANGELOG.md b/CHANGELOG.md
index f60b329..8b17432 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,7 +2,7 @@
 
 All notable changes to this project will be documented in this file, in reverse chronological order by release.
 
-## 3.1.1 - TBD
+## 3.2.0 - 2017-07-11
 
 ### Added
 
@@ -14,7 +14,8 @@ All notable changes to this project will be documented in this file, in reverse
 
 ### Removed
 
-- Nothing.
+- [#47](https://github.com/zendframework/zend-eventmanager/pull/47) removes
+  support for PHP 5.5 and HHVM.
 
 ### Fixed
 
diff --git a/composer.json b/composer.json
index d9cc7eb..ab9f25a 100644
--- a/composer.json
+++ b/composer.json
@@ -13,8 +13,8 @@
     "prefer-stable": true,
     "extra": {
         "branch-alias": {
-            "dev-master": "3.1-dev",
-            "dev-develop": "3.2-dev"
+            "dev-master": "3.2-dev",
+            "dev-develop": "3.3-dev"
         }
     },
     "autoload": {