MCN - XAI Madison Equity Premium Income Fund
A closed-end fund run by XA Investments. Invests in shares and sells options on them. Listed on the New York Stock Exchange.
Is anyone targeting this fund?
No - nobody has reported owning 5% or more of this fund.
Is the fund doing anything you need to act on?
Nothing right now.
What this means for you
No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.
Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.
What happened, and when
-
March 6, 2026
The fund said it may sell new shares.
Original document →
About this fund
- Run by XA Investments. At its last yearly report (Sept 30, 2025) the fund was run by XA Investments LLC. As of Sept 30, 2025, from the fund's yearly report. Original document →
- Size: about $127 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
- Borrowing: the fund borrows about 3% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
- Costs: 0.6% a year in management fees; 0.8% a year in total, including interest on borrowed money. Fiscal year ended Sept 30, 2025. As of Sept 30, 2025, from the fund's yearly report. Original document →
- Payouts: last fiscal year the fund told the regulator that part of what it paid out was not income (it came from gains or from your own money back). As of Sept 30, 2025, from the fund's yearly report. Original document →
- Value of holdings per share at the last fiscal year end (Sept 30, 2025): $6.48. The shares traded at $6.17, about 4.8% below that. As of Sept 30, 2025, from the fund's yearly report. Original document →
- How the holdings did: down 2.4% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: -0.5%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
- First reported to the regulator in 2004.
What the fund holds
Mostly shares (92%), the rest cash and short-term holdings. About 92% issued in the U.S.
The fund also sells options on its holdings to raise income.
- Cash and short-term - 7.8%
- Transocean - 4.4%
- Matador Resources - 4%
- CVS Health - 3.9%
- Danaher - 3.6%
- PepsiCo - 3.6%
- Apa - 3.4%
- Archer-Daniels-Midland - 3.3%
- Las Vegas Sands - 3.2%
- CME Group - 3.2%
Show all 25
- Agilent Technologies - 3%
- American Tower - 2.9%
- Medtronic PLC - 2.9%
- Visa - 2.9%
- Microsoft - 2.5%
- Synopsys - 2.5%
- Newmont - 2.4%
- Colgate-Palmolive - 2.4%
- Fiserv, Inc. - 2.3%
- Constellation Brands - 2.3%
- Marsh & McLennan Cos - 2.3%
- AES Corp/The - 2.2%
- Labcorp Holdings - 2.2%
- Pfizer - 2.2%
- NextEra Energy - 2.1%
As of June 30, 2026, from the fund's quarterly holdings report. Original document →
Details: all notices, events and fund facts
No notices from large investors on file.
| Date | What | Deadline | Document |
|---|---|---|---|
| March 6, 2026 | May sell new shares | none | Original document → |
- Run by
- XA Investments LLC
- Fund family
- The XAI Funds
- Exchange
- New York Stock Exchange
- Regulator's file number
- 811-21582
- Auditor
- Cohen & Co, LTD
- Fiscal year end
- Sept 30, 2025
- Number of holdings
- 81
- Preferred share classes
- none
Email me when something new is filed for MCN
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