Welcome to our dedicated page for XAI Madison Equity Premium Income Fund SEC filings (Ticker: MCN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
XAI Madison Equity Premium Income Fund filings document governance and shareholder-voting matters for a listed closed-end fund. Its definitive proxy statements describe annual and joint shareholder meetings, trustee elections, classified board terms, record-date mechanics, common-share voting matters, and board recommendations.
The Fund’s SEC record is centered on closed-end fund governance rather than operating-company reporting. These materials cover meeting procedures, proxy solicitation matters, trustee oversight, and shareholder actions within the Fund’s capital and governance structure.
XAI Madison Equity Premium Income Fund plans to add PineBridge Investments, LLC as an additional investment sub-adviser, subject to shareholder approval. PineBridge would manage a preferred equity strategy while Madison Asset Management, LLC continues to run the covered call equity strategy under XAI’s oversight.
XAI anticipates allocating about 20%–30% of managed assets to the preferred equity strategy and about 70%–80% to covered call equities. The Fund will keep its current investment objective and continue paying XAI an advisory fee of 0.80% of average daily managed assets. The Fund also expects to change its name to “XAI Equity Premium Income Fund” following approval and will seek shareholder votes at a special meeting planned on or about July 30, 2026.
The joint annual meeting of XAI Octagon Floating Rate & Alternative Income Trust (XFLT) and XAI Madison Equity Premium Income Fund (MCN) will be held on May 7, 2026 in Chicago. Shareholders are asked to elect Scott Craven Jones and William T. Meyers as Class III Trustees for each fund, to serve until the 2029 annual meeting. The Board of Trustees, including all independent trustees, unanimously recommends voting “FOR” both nominees. Shareholders of record at the close of business on March 27, 2026 are entitled to vote in person or by proxy via mail, telephone or Internet.
XAI Madison Equity Premium Income Fund registered $150,000,000 of securities on a shelf to offer common shares, preferred shares and subscription rights from time to time. The registration contemplates sales in one or more Prospectus Supplements that will specify amounts, prices and distribution methods.
The Fund pursues a covered‑call strategy on primarily large and mid‑cap common stocks, may employ leverage (preferred shares, borrowings, notes) and intends monthly distributions. As of February 13, 2026, the Fund’s NAV was $6.62 per common share and the last reported NYSE sale price was $6.17, a 6.80% discount to NAV. Shares outstanding were 21,116,722 as of December 31, 2025.
MCN submitted an annual N-CEN report for its registered investment company. The filing lists aggregate brokerage commissions of $114,020 for the reporting period and reports a monthly average value of portfolio securities on loan of 0 with net securities-lending income of 0.
XAI Madison Equity Premium Income Fund (MCN) reported an annual Form 5 for adviser personnel John Yogi Spence. The filing shows 2,573.791 common shares beneficially owned directly at the end of the fiscal year ended 09/30/2025. This total includes 73.791 shares received through the MCN Dividend Reinvestment Plan. No derivative securities were listed. The report was filed by one reporting person.