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XAI Madison Equity Premium Income Fund Declares Monthly Distributions of $0.06 per Share Payable on May 1, June 2, and July 1, 2025

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XAI Madison Equity Premium Income Fund (MCN) has announced monthly distributions of $0.06 per share for May, June, and July 2025, totaling $0.18. This maintains the same distribution level as the previous quarter.

The Fund has transitioned from quarterly to monthly distributions starting April 1, 2025, to help investors better manage cash flow. The distributions will be paid on May 1, June 2, and July 1, 2025, with respective ex-dividend and record dates set for April 15, May 15, and June 16, 2025.

The Fund aims to achieve high current income and capital gains through a portfolio of common stocks and covered call options. Distributions may come from net investment income, capital gains, or return of capital, with final tax characteristics to be reported on Form 1099.

Il Fondo XAI Madison Equity Premium Income (MCN) ha annunciato distribuzioni mensili di $0,06 per azione per maggio, giugno e luglio 2025, per un totale di $0,18. Questo mantiene lo stesso livello di distribuzione del trimestre precedente.

Il Fondo è passato da distribuzioni trimestrali a mensili a partire dal 1 aprile 2025, per aiutare gli investitori a gestire meglio il flusso di cassa. Le distribuzioni saranno pagate il 1 maggio, il 2 giugno e il 1 luglio 2025, con le rispettive date ex-dividendo e di registrazione fissate per il 15 aprile, il 15 maggio e il 16 giugno 2025.

Il Fondo mira a ottenere un elevato reddito corrente e guadagni in conto capitale attraverso un portafoglio di azioni ordinarie e opzioni call coperte. Le distribuzioni possono provenire da reddito netto da investimenti, guadagni in conto capitale o restituzione di capitale, con le caratteristiche fiscali finali da riportare sul Modulo 1099.

El Fondo XAI Madison Equity Premium Income (MCN) ha anunciado distribuciones mensuales de $0,06 por acción para mayo, junio y julio de 2025, totalizando $0,18. Esto mantiene el mismo nivel de distribución que el trimestre anterior.

El Fondo ha pasado de distribuciones trimestrales a mensuales a partir del 1 de abril de 2025, para ayudar a los inversores a gestionar mejor el flujo de efectivo. Las distribuciones se pagarán el 1 de mayo, el 2 de junio y el 1 de julio de 2025, con las respectivas fechas ex-dividendo y de registro establecidas para el 15 de abril, el 15 de mayo y el 16 de junio de 2025.

El Fondo tiene como objetivo lograr altos ingresos actuales y ganancias de capital a través de una cartera de acciones ordinarias y opciones call cubiertas. Las distribuciones pueden provenir de ingresos netos por inversiones, ganancias de capital o devolución de capital, con las características fiscales finales que se informarán en el Formulario 1099.

XAI 매디슨 주식 프리미엄 소득 펀드 (MCN)는 2025년 5월, 6월, 7월에 대해 주당 $0.06의 월 배당금을 발표했으며, 총액은 $0.18입니다. 이는 이전 분기와 동일한 배당 수준을 유지합니다.

펀드는 2025년 4월 1일부터 분기 배당에서 월 배당으로 전환하여 투자자들이 현금 흐름을 더 잘 관리할 수 있도록 돕고 있습니다. 배당금은 2025년 5월 1일, 6월 2일 및 7월 1일에 지급되며, 각각의 배당락일 및 기록일은 2025년 4월 15일, 5월 15일 및 6월 16일로 설정되어 있습니다.

펀드는 일반 주식 및 커버드 콜 옵션 포트폴리오를 통해 높은 현재 소득과 자본 이득을 달성하는 것을 목표로 합니다. 배당금은 순투자소득, 자본이득 또는 자본 반환에서 발생할 수 있으며, 최종 세금 특성은 양식 1099에 보고됩니다.

Le Fonds XAI Madison Equity Premium Income (MCN) a annoncé des distributions mensuelles de 0,06 $ par action pour mai, juin et juillet 2025, totalisant 0,18 $. Cela maintient le même niveau de distribution que le trimestre précédent.

Le Fonds est passé de distributions trimestrielles à mensuelles à partir du 1er avril 2025, afin d'aider les investisseurs à mieux gérer leur flux de trésorerie. Les distributions seront versées le 1er mai, le 2 juin et le 1er juillet 2025, avec des dates ex-dividende et d'enregistrement respectives fixées au 15 avril, 15 mai et 16 juin 2025.

Le Fonds vise à réaliser un revenu courant élevé et des gains en capital grâce à un portefeuille d'actions ordinaires et d'options d'achat couvertes. Les distributions peuvent provenir de revenus nets d'investissement, de gains en capital ou de retour de capital, les caractéristiques fiscales finales étant à déclarer sur le formulaire 1099.

Der XAI Madison Equity Premium Income Fund (MCN) hat monatliche Ausschüttungen von 0,06 $ pro Aktie für Mai, Juni und Juli 2025 angekündigt, insgesamt 0,18 $. Dies hält das gleiche Ausschüttungsniveau wie im vorherigen Quartal aufrecht.

Der Fonds hat ab dem 1. April 2025 von vierteljährlichen auf monatliche Ausschüttungen umgestellt, um den Anlegern zu helfen, den Cashflow besser zu verwalten. Die Ausschüttungen werden am 1. Mai, 2. Juni und 1. Juli 2025 ausgezahlt, wobei die jeweiligen Ex-Dividende- und Stichtage auf den 15. April, 15. Mai und 16. Juni 2025 festgelegt sind.

Der Fonds zielt darauf ab, hohe aktuelle Einkünfte und Kapitalgewinne durch ein Portfolio aus Stammaktien und gedeckten Call-Optionen zu erzielen. Die Ausschüttungen können aus Nettoanlageerträgen, Kapitalgewinnen oder Rückzahlungen von Kapital stammen, wobei die endgültigen steuerlichen Merkmale im Formular 1099 gemeldet werden.

Positive
  • Maintained stable distribution level of $0.18
  • Improved shareholder liquidity with transition to monthly distributions
Negative
  • None.

Insights

XAI Madison Equity Premium Income Fund's announcement of monthly distributions represents a neutral operational adjustment rather than a meaningful financial change. The Fund is maintaining its total quarterly distribution of $0.18 per share but shifting from quarterly to monthly payments ($0.06 per share monthly).

The change to monthly distributions benefits income-dependent investors through improved cash flow management, but introduces no additional economic value since the total distribution amount remains unchanged. This type of administrative adjustment is common among income-focused closed-end funds seeking to enhance their appeal to yield-oriented investors.

Investors should note the Fund's substantial disclosure about potential return of capital in its distributions. This indicates that some portion of payments may represent a return of shareholders' principal rather than actual investment income or capital gains - a common characteristic of closed-end funds maintaining stable distributions. The Fund explicitly states that distributions "may be paid from net investment income, capital gains and/or a return of capital" and that distributions might exceed the fund's net investment income from a given period.

While consistency in distributions is generally positive for income investors, this announcement provides no insight into the Fund's underlying performance or distribution coverage ratios. The maintenance of the existing distribution rate suggests operational stability but offers little information about growth prospects or potential distribution increases in the future.

CHICAGO, April 01, 2025 (GLOBE NEWSWIRE) -- XAI Madison Equity Premium Income Fund (the “Fund”), has declared its regular monthly distribution of $0.06 per share on the Fund’s common shares (NYSE: MCN) payable on May 1, 2025, June 2, 2025, and July 1, 2025. The total amount equals $0.18 and represents no change from the previous quarter's distribution amount.

As previously announced in its distribution declaration dated March 3, 2025, the Fund has changed its distribution frequency from quarterly to monthly, effective with the April 1, 2025 declaration. XA Investments believes this change will enable investors to better manage their cash flow needs.

The following dates apply to the declaration:  

Ex-Dividend DateRecord DatePayable DateAmount Per Share
April 15, 2025April 15, 2025May 1, 2025$0.06
May 15, 2025May 15, 2025June 2, 2025$0.06
June 16, 2025June 16, 2025July 1, 2025$0.06
Total Amount of Monthly Distributions $0.18
   
Change from Previous Quarter            No Change
 

Common share distributions may be paid from net investment income (regular interest and dividends), capital gains and/or a return of capital. The specific tax characteristics of the distributions will be reported to the Fund’s common shareholders on Form 1099 after the end of the 2025 calendar year. Shareholders should not assume that the source of a distribution from the Fund is net income or profit. For further information regarding the Fund’s distributions, please visit www.xainvestments.com.

The Fund’s net investment income and capital gain can vary significantly over time; however, the Fund seeks to maintain more stable common share quarterly distributions over time. The Fund’s final taxable income for the current fiscal year will not be known until the Fund’s tax returns are filed.

As a registered investment company, the Fund is subject to a 4% excise tax that is imposed if the Fund does not distribute to common shareholders by the end of any calendar year at least the sum of (i) 98% of its ordinary income (not taking into account any capital gain or loss) for the calendar year and (ii) 98.2% of its capital gain in excess of its capital loss (adjusted for certain ordinary losses) for a one-year period generally ending on December 31 of the calendar year (unless an election is made to use the Fund’s fiscal year). In certain circumstances, the Fund may elect to retain income or capital gain to the extent that the Board of Trustees, in consultation with Fund management, determines it to be in the interest of shareholders to do so.

The common share distributions paid by the Fund for any particular period may be more than the amount of net investment income from that period. As a result, all or a portion of a distribution may be a return of capital, which is in effect a partial return of the amount a common shareholder invested in the Fund, up to the amount of the common shareholder’s tax basis in their common shares, which would reduce such tax basis. Although a return of capital may not be taxable, it will generally increase the common shareholder’s potential gain, or reduce the common shareholder’s potential loss, on any subsequent sale or other disposition of common shares.

Future common share distributions will be made if and when declared by the Fund’s Board of Trustees, based on a consideration of number of factors, including the Fund’s net investment income, financial performance and available cash. There can be no assurance that the amount or timing of common share distributions in the future will be equal or similar to that described herein or that the Board of Trustees will not decide to suspend or discontinue the payment of common share distributions in the future.

The Fund’s objective is to achieve a high level of current income and current capital gains, with long-term capital appreciation as a secondary objective. The Fund intends to pursue its objective by investing in a portfolio of common stocks and utilizing an option strategy, primarily by writing (selling) covered call options on a substantial portion of the common stocks in the portfolio in order to generate current income and gains from option writing premiums and, to a lesser extent, from dividends. Market action can impact dividend issuance as the Fund’s total assets affect the Fund’s future dividend prospects. The Fund provides additional information on its website at www.xainvestments.com.

About XA Investments

XA Investments LLC (“XAI”) serves as the Trust’s investment adviser. XAI is a Chicago-based firm founded by XMS Capital Partners in 2016. XAI serves as the investment adviser for two listed closed-end funds and an interval closed-end fund. The listed closed-end funds, the XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) and XAI Madison Equity Premium Income Fund (NYSE: MCN) both trade on the New York Stock Exchange. The interval closed-end fund, Octagon XAI CLO Income Fund (OCTIX), is newly launched and has been made widely available to investors.

In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds to meet institutional client needs. XAI offers custom product build and consulting services, including development and market research, sales, marketing, and fund management.

XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers. XAI provides individual investors with access to institutional-caliber alternative managers. For more information, please visit www.xainvestments.com.

About XMS Capital Partners
XMS Capital Partners, LLC, established in 2006, is a global, independent, financial services firm providing M&A, corporate advisory and asset management services to clients. It has offices in Chicago, Boston and London. For more information, please visit www.xmscapital.com.

About Madison Investments
Madison Investments is an independent investment management firm based in Madison, WI. The firm was founded in 1974, has approximately $28 billion in assets under management as of December 31, 2024, and is recognized as one of the nation’s top investment firms. Madison offers domestic fixed income, U.S. and international equity, covered call, multi-asset, insurance and credit union investment management strategies. For more information, please visit www.madisoninvestments.com.

Madison and/or Madison Investments is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC, and Madison Investment Advisors, LLC. Madison Funds are distributed by MFD Distributor, LLC. Madison is registered as an investment adviser with the U.S. Securities and Exchange Commission. MFD Distributor, LLC is registered with the U.S. Securities and Exchange Commission as a broker-dealer and is a member firm of the Financial Industry Regulatory Authority www.finra.org.

XAI does not provide tax advice; please consult a professional tax advisor regarding your specific tax situation. Income may be subject to state and local taxes, as well as the federal alternative minimum tax.

Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Fund carefully before investing. For more information on the Fund, please visit the Fund’s webpage at www.xainvestments.com.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

NOT FDIC INSURED    NO BANK GUARANTEEMAY LOSE VALUE
   

Media Contact:

Kimberly Flynn, President
XA Investments LLC
Phone:  888-903-3358
Email: KFlynn@XAInvestments.com
www.xainvestments.com


FAQ

What are the upcoming distribution dates and amounts for MCN stock in Q2 2025?

MCN will distribute $0.06 per share on May 1, June 2, and July 1, 2025, totaling $0.18.

How has MCN's distribution amount changed compared to the previous quarter?

MCN's distribution amount remains unchanged from the previous quarter, maintaining $0.18 total.

Why did MCN switch from quarterly to monthly distributions in 2025?

The change to monthly distributions was made to help investors better manage their cash flow needs.

What are the ex-dividend dates for MCN's Q2 2025 distributions?

The ex-dividend dates are April 15, May 15, and June 16, 2025.

How does MCN generate income for its distributions?

MCN generates income through writing covered call options on common stocks and earning dividends from its stock portfolio.
XAI Madison Equity Premium Income Fund

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