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XAI Madison Equity Premium Income Fund Declares its Monthly Distribution of $0.060 per Share

MCN
  • XAI Madison Equity Premium Income Fund (NYSE: MCN) declared a regular monthly distribution of $0.060 per share.
  • The distribution amount remains unchanged from the previous month's payout of $0.060 per share.
  • The ex-dividend date is April 15, 2026, with the record date set for the same day.
  • Distributions are payable on May 1, 2026, to common shareholders of record as of April 15, 2026.
  • Distributions may be paid from net investment income, capital gains, or a return of capital, with specific tax characteristics reported on Form 1099 after the 2026 calendar year.
  • Future distributions depend on declarations by the Board of Trustees based on net investment income, financial performance, and available cash.
  • The Fund seeks to maintain stable quarterly distributions despite significant variations in net investment income and capital gains over time.
  • The Fund is subject to a 4% excise tax if it fails to distribute at least 98% of ordinary income and 98.2% of net capital gains by the end of the calendar year.
  • Portions of distributions may constitute a return of capital, which reduces the shareholder's tax basis but is generally not taxable immediately.
  • The Fund's investment objective is high current income with long-term capital appreciation, achieved through a portfolio of common stocks covered by sold call options.
  • XA Investments LLC serves as the Fund's investment adviser, while Madison Investments provides investment management services.
  • XAI Madison Equity Premium Income Fund trades on the New York Stock Exchange alongside the XAI Octagon Floating Rate & Alternative Income Trust.