XAI Madison Equity Premium Income Fund Declares its Monthly Distribution of $0.060 per Share

Core Viewpoint - XAI Madison Equity Premium Income Fund has declared a regular monthly distribution of $0.060 per share, maintaining the same amount as the previous month, with the payment date set for August 1, 2025 [1][2]. Distribution Details - The ex-dividend date and record date for the distribution are both July 15, 2025 [2]. - The distribution amount of $0.060 per share represents no change from the previous month [2]. Fund Operations - The Fund has transitioned its distribution frequency from quarterly to monthly, effective from the April 1, 2025 declaration [1]. - Distributions may be sourced from net investment income, capital gains, or a return of capital, and shareholders will receive tax characteristics on Form 1099 after the end of the calendar year [2][5]. Financial Management - The Fund aims to maintain stable distributions over time, although net investment income and capital gains can vary significantly [3]. - The Fund is subject to a 4% excise tax if it fails to distribute at least 98% of its ordinary income and 98.2% of its capital gains by the end of the calendar year [4]. Investment Strategy - The Fund's objective is to achieve a high level of current income and capital gains, with long-term capital appreciation as a secondary goal [7]. - The investment strategy includes a portfolio of common stocks and the use of covered call options to generate income [7]. Company Background - XA Investments LLC serves as the investment adviser for the Fund and is based in Chicago, founded in 2016 [9]. - Madison Investments, established in 1974, manages approximately $28.3 billion in assets and offers various investment strategies [13].