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CHICAGO, Jan. 22, 2025 (GLOBE NEWSWIRE) -- XAI Madison Equity Premium Income Fund (NYSE: MCN) (the “Fund”) today announced that it plans to host a webinar on February 4, 2025, at 11:00 am (Eastern Time). MCN employs a covered call equity strategy that seeks to generate income and gains. On the webinar, the Fund’s management team will review the benefits and risks of a hedged equity approach to investing. Jared Hagen, Vice President at XA Investments (“XAI”) will moderate the webinar with Kimberly Flynn, President at XAI, and Ray Di Bernardo, Portfolio Manager at Madison Investments (“Madison”). Webinar participants are encouraged to ask questions of the Fund’s management team.
TO JOIN VIA WEB: Please click here to find the online registration link.
TO USE YOUR TELEPHONE: After joining via internet, if you prefer to use your phone for audio, you must select that option and call in using a number below, based on your current location.
Dial: US: +1 (720) 928-9299 or +1 (213) 338-8477 or +1 (646) 558-8656 or +1 (267) 831-0333 or +1 (312) 626-6799
Webinar ID: 857 3713 3843
REPLAY: A replay of the webinar will be available at www.xainvestments.com.
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 pursues its objective investing primarily in large and mid-capitalization common stocks that are, in the view of Madison, selling at a reasonable price in relation to their long-term earnings growth rates. Under normal market conditions, the Fund will seek to generate current earnings from option premiums by writing (selling) covered call options on a substantial portion of its portfolio securities. There can be no assurance that the Fund will achieve its investment objectives. The Fund provides additional information on its website at www.xainvestments.com.
About XA Investments
XA Investments LLC (“XAI”) serves as the Fund’s investment adviser. XAI is a Chicago-based firm founded by XMS Capital Partners in 2016. XAI has approximately $950mm in AUM as of 12/31/2024 and 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 Madison Covered Call & Equity Strategy 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.
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.