Company Description
XAI Madison Equity Premium Income Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. It is managed by Madison Asset Management, LLC.
The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.
The fund primarily invests in reasonably priced growth (GARP) stocks of large and mid-cap companies. It also writes covered call options to make its investments.
The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on such factors as PEG ratios (price-earnings ratio to growth rate), financial strength, and industry leadership to create its portfolio.
It benchmarks the performance of its portfolio against the CBOE S&P 500 Buy/Write Index. The fund conducts in-house research to make its investments.
It was formerly known as Madison/Claymore Covered Call & Equity Strategy Fund. XAI Madison Equity Premium Income Fund was formed on May 6, 2004 and is domiciled in the United States.
| Country | United States |
| Founded | 2004 |
| Industry | Asset Management |
| Sector | Financials |
| CEO | Kevin Robinson |
Contact Details
Address: 550 Science Drive Madison, Wisconsin 53711 United States | |
| Phone | 800-767-0300 |
| Website | madisonfunds.com |
Stock Details
| Ticker Symbol | MCN |
| Exchange | NYSE |
| Reporting Currency | USD |
| CIK Code | 0001289868 |
| CUSIP Number | 557437100 |
| ISIN Number | US5574371002 |
Key Executives
| Name | Position |
|---|---|
| Kevin Robinson | Chief Executive Officer |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Dec 9, 2024 | 40-17G | Filing |
| Nov 18, 2024 | NPORT-P | Monthly Portfolio Investments Report on Form N-PORT (Public) |
| Oct 16, 2024 | 8-K | Current Report |
| Sep 24, 2024 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Sep 10, 2024 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Aug 29, 2024 | N-CSRS | Filing |
| Aug 29, 2024 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Aug 15, 2024 | NPORT-P | Monthly Portfolio Investments Report on Form N-PORT (Public) |
| Aug 15, 2024 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Aug 13, 2024 | N-PX | Annual Report of proxy voting record of management investment companies |