XAI Madison Equity Premium Income Fund

Frequently Asked Questions About MCN

What does MCN invest in?

The XAI Madison Equity Premium Income Fund operates as a closed-end investment vehicle. Its core mission is to generate significant current income and immediate profits, with a complementary objective of achieving long-term capital appreciation. This fund was established on May 6, 2004, and maintains its principal office in Madison, Wisconsin.

What is the expense ratio of MCN?

XAI Madison Equity Premium Income Fund (MCN) charges an expense ratio of 1.09%. This is the annual fee deducted from fund assets to cover management and operations.

What is MCN's distribution yield?

MCN's trailing-twelve-month yield is 12.93%, calculated from the sum of distributions over the past year divided by the current price.

How does MCN's covered-call strategy work?

MCN sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is MCN?

XAI Madison Equity Premium Income Fund (MCN) manages $116.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is MCN actively managed or an index fund?

MCN's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.