XAI Madison Equity Premium Income Fund was established as a Delaware statutory trust on May 6, 2004. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the "1940 Act ") and the Securities Act of 1933, as amended. 

XAI Madison Equity Premium Income Fund has declared a $0.06/share monthly dividend, with a forward yield of 12.57%. The dividend is payable on October 1 for shareholders of record on September 15, and ex-dividend date is September 15. The fund's dividend scorecard and yield chart are available online.

XAI Madison Equity Premium Income Fund

XAI Madison Declares $0.06 Dividend, Forward Yield 12.57%

XAI Madison Equity Premium Income Fund has declared a $0.060 per share monthly distribution, payable on October 1, 2026. The distribution represents no change from the previous month's amount. The fund's net investment income and capital gain can vary significantly, but it seeks to maintain stable quarterly distributions. The 4% excise tax may apply if the fund does not distribute at least 98% of its ordinary income and 98.2% of its capital gain for the calendar year.

XAI Madison Equity Fund Declares $0.060 Monthly Distribution

XAI Madison Equity Premium Income Fund declared a monthly distribution of $0.060 per share, payable on October 1, 2026. The ex-dividend date is September 15, 2026, and the record date is also September 15, 2026. The distribution amount represents no change from the previous month. The Fund's net investment income and capital gain can vary, but it seeks to maintain stable quarterly distributions.

XAI Madison Declares $0.060 per Share Monthly Distribution

Monarch Casino's 15-minute chart has recently exhibited Bollinger Bands Narrowing and a Bearish Marubozu pattern on August 21, 2026 at 12:30. This suggests that the magnitude of stock price fluctuations has decreased, indicating that sellers are currently dominating the market, and it is likely that bearish momentum will continue.Monarch Casino (MCN) has recently shown notable technical indicators on its 15-minute chart that may signal a shift in market sentiment. On August 21, 2026 at 12:30, the stock displayed a narrowing of Bollinger Bands, a pattern often associated with reduced volatility and a potential breakout or breakdown in the near term. Additionally, a Bearish Marubozu candlestick pattern was observed, indicating a session where the opening price was significantly higher than the closing price, with little to no upper shadow. This pattern is typically interpreted as a sign of strong selling pressure and [a potential continuation of bearish momentum][1]. These technical signals suggest that sellers are currently in control, and investors may want to monitor the stock closely for further directional movement. As always, technical analysis should be used in conjunction with fundamental analysis and broader market conditions to make informed investment decisions.

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Monarch Casino's 15min chart shows Bollinger Bands Narrowing, Bearish Marubozu pattern.

XA Investments, the manager of XAI Madison Equity Premium Income Fund (MCN), has adjourned the fund's special meeting of shareholders due to a lack of quorum. Shareholders are urged to vote on a proposal to approve a new sub-advisory agreement for the fund. The meeting will reconvene on August 26, 2026.XA Investments LLC, the manager of the XAI Madison Equity Premium Income Fund (MCN), has announced that the fund’s special meeting of shareholders has been adjourned due to a lack of quorum. The meeting, originally scheduled to address a proposal to approve a new sub-advisory agreement, will <a href="https://xainvestments.com/mcn/">reconvene on August 26, 2026</a>. Shareholders are encouraged to cast their votes to ensure the proposal can be considered.The proposed sub-advisory agreement involves Madison Investments, LLC, which has been managing the fund’s equity portfolio since its inception in 2004. The firm has a long-standing reputation for managing covered call strategies and has <a href="https://xainvestments.com/mcn/">approximately $29 billion in assets</a> under management as of December 31, 2025. The new agreement is intended to formalize the ongoing role of Madison Investments in the fund’s day-to-day portfolio management.The XAI Madison Equity Premium Income Fund seeks to provide a high level of current income with a secondary objective of long-term capital appreciation. It employs an actively managed equity portfolio combined with covered call options to generate income. As of June 30, 2026, the fund’s closing price was $5.52, with a net asset value (NAV) of $6.02, resulting in a <a href="https://xainvestments.com/mcn/">premium/discount of -8.31%</a>. The fund’s <a href="https://xainvestments.com/mcn/">current distribution rate stands at 13.04%</a>, with distributions paid monthly.The adjournment of the meeting underscores the importance of shareholder participation in governance matters. Shareholders who have not yet voted are urged to do so ahead of the reconvened meeting to ensure the proposal can be addressed effectively. The outcome of the vote will determine whether the new sub-advisory agreement is implemented, which could impact the fund’s management structure and strategic direction.<img src="https://cdn.ainvest.com/aigc/hxcmp/images/compress-1ce8eaea29571001.png" alt="XA Investments Adjourns Special Meeting of Shareholders Till Aug 26">

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