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Madison Covered Call & Equity Strategy Fund

MCN

Market cap $113M

5.37 USD

-0.03

0.56%

At close Updated Nov 3, 4:00 PM EST

1 day

-0.56%

5 days

0.19%

1 month

2.48%

3 months

-4.79%

6 months

-10.5%

Year to date

-11.53%

1 year

-10.8%

5 years

-33.46%

10 years

-28.78%

About: XAI Madison Equity Premium Income Fund is an investment management company. The Fund invests in an actively managed equity portfolio comprised of individual stocks and covered call options. The Fund's primary investment objective is to provide high level of current income and gains, with a secondary objective of capital appreciation.

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 20%

Neutral 80%

Negative 0%

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

CHICAGO, Nov. 02, 2026 (GLOBE NEWSWIRE) -- XAI Madison Equity Premium Income Fund (the “Fund”) has declared its regular monthly distribution of $0.060 per share on the Fund's common shares (NYSE: MCN), payable on December 1, 2026, to common shareholders of record as of November 16, 2026, as noted below. The amount of the distribution represents no change from the previous month's distribution amount of $0.060 per share.

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

MCN: Discount Deepens Even Further, Making This Name Even More Enticing

XAI Madison Equity Premium Income Fund has dropped to an even deeper discount, presenting a compelling value proposition for contrarian income investors. MCN's covered call strategy and balanced sector allocation differentiate it from tech-heavy major benchmarks, offering potential resilience if tech valuations correct. Pending sub-adviser changes may introduce preferred equity exposure, aiming to diversify income sources and potentially bringing some future income-generation ability for the distribution.

MCN: Discount Deepens Even Further, Making This Name Even More Enticing

XAI Madison Equity Premium Income Fund Will Host its Q3 2026 Quarterly Webinar on November 5, 2026

CHICAGO, Oct. 22, 2026 (GLOBE NEWSWIRE) -- XAI Madison Equity Premium Income Fund (NYSE: MCN) (the “Fund”) today announced that it plans to host the Fund's Quarterly Webinar on November 5, 2026 at 11:00 am (Eastern Time). Kimberly Flynn, President at XA Investments will moderate the Q&A style webinar with Ray Di Bernardo and Drew Justman, Portfolio Managers at Madison Investments.

XAI Madison Equity Premium Income Fund Will Host its Q3 2026 Quarterly Webinar on November 5, 2026

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

CHICAGO, Oct. 01, 2026 (GLOBE NEWSWIRE) -- XAI Madison Equity Premium Income Fund (the “Fund”) has declared its regular monthly distribution of $0.060 per share on the Fund's common shares (NYSE: MCN), payable on November 2, 2026, to common shareholders of record as of October 15, 2026, as noted below. The amount of the distribution represents no change from the previous month's distribution amount of $0.060 per share.

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

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

CHICAGO, Sept. 01, 2026 (GLOBE NEWSWIRE) -- XAI Madison Equity Premium Income Fund (the “Fund”) has declared its regular monthly distribution of $0.060 per share on the Fund's common shares (NYSE: MCN), payable on October 1, 2026, to common shareholders of record as of September 15, 2026, as noted below. The amount of the distribution represents no change from the previous month's distribution amount of $0.060 per share.

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

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

CHICAGO, Aug. 03, 2026 (GLOBE NEWSWIRE) -- XAI Madison Equity Premium Income Fund (the “Fund”) has declared its regular monthly distribution of $0.060 per share on the Fund's common shares (NYSE: MCN), payable on September 1, 2026, to common shareholders of record as of August 17, 2026, as noted below. The amount of the distribution represents no change from the previous month's distribution amount of $0.060 per share.

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

MCN Adjourns Special Meeting of Shareholders Until August 26, 2026

CHICAGO, July 31, 2026 (GLOBE NEWSWIRE) -- XA Investments, LLC, manager of XAI Madison Equity Premium Income Fund (MCN) (the “Fund”) announced it has adjourned the Fund's Special Meeting of Shareholders (the “Meeting”) due to a lack of quorum. Shareholders are urged to please submit their votes on the proposal to approve a new sub-advisory agreement for the Fund as soon as possible. The Meeting will reconvene on Thursday, August 26, 2026, at 8:45 a.m. Central Time, at the offices of XA Investments, LLC at 321 N Clark St #2430, Chicago, Illinois.

MCN Adjourns Special Meeting of Shareholders Until August 26, 2026

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

CHICAGO, July 01, 2026 (GLOBE NEWSWIRE) -- XAI Madison Equity Premium Income Fund (the “Fund”) has declared its regular monthly distribution of $0.060 per share on the Fund's common shares (NYSE: MCN), payable on August 3, 2026, to common shareholders of record as of July 15, 2026, as noted below. The amount of the distribution represents no change from the previous month's distribution amount of $0.060 per share.

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

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

CHICAGO, June 01, 2026 (GLOBE NEWSWIRE) -- XAI Madison Equity Premium Income Fund (the “Fund”) has declared its regular monthly distribution of $0.060 per share on the Fund's common shares (NYSE: MCN), payable on July 1, 2026, to common shareholders of record as of June 15, 2026, as noted below. The amount of the distribution represents no change from the previous month's distribution amount of $0.060 per share.

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

MCN: Discount Now Makes This A More Appealing Choice (Upgrade)

XAI Madison Equity Premium Income Fund currently trades at an 8.86% discount, with a 12.29% distribution yield and a monthly payout schedule. MCN's performance has lagged the broader equity market, with flat NAV returns since our last coverage. The fund offers a generally more balanced, value-oriented portfolio with sector diversification and a covered call strategy, underweighting technology relative to the S&P 500.

MCN: Discount Now Makes This A More Appealing Choice (Upgrade)

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