Group 1: Fund Overview - The XAI Madison Equity Premium Income Fund (NYSE: MCN) aims to provide a high level of current income and gains, with a secondary objective of capital appreciation [3] - The Fund invests primarily in high quality, large and mid-capitalization stocks that are considered reasonably priced relative to their long-term earnings growth rates [3] - The Fund employs a strategy of selling covered call options on its portfolio stocks to generate current earnings from option premiums [3] Group 2: Upcoming Webinar - The Fund will host its Quarterly Webinar on February 3, 2026, at 11:00 am (Eastern Time), moderated by Kimberly Flynn, President at XA Investments [1] - Portfolio Managers Ray Di Bernardo and Drew Justman from Madison Investments will participate in the Q&A style webinar [1] Group 3: Company Background - XA Investments LLC, founded in 2016, serves as the investment adviser for multiple closed-end funds and provides investment fund structuring and consulting services [4] - Madison Investments, established in 1974, manages approximately $29.3 billion in assets as of December 31, 2025, and has extensive experience in covered call strategies [6]

Core Insights - The interval and tender offer fund market has reached a new peak with 308 funds and $233 billion in net assets, indicating a growing popularity in recent years [2][4] - The market is expected to maintain strong growth into 2026, driven by increased demand for evergreen products and greater investor accessibility [4] Market Overview - The non-listed closed-end fund (CEF) market includes 158 interval funds, which account for 57% of total managed assets at $156.1 billion, and 150 tender offer funds, comprising 43% with $119.9 billion in total managed assets [4] - In 2025, 67 new funds entered the market, an increase of 17 compared to 50 funds launched in 2024, with market-wide net assets rising by $61 billion [4][5] Fund Sponsorship and Diversity - There are 159 unique fund sponsors in the interval and tender offer fund space, an increase of 13 from 146 at the end of 2024, with 36% of the funds launched in 2025 sponsored by new entrants [5] - The number of funds in the SEC registration process decreased from 53 at the end of 2024 to 50 at the end of 2025, indicating consistent market momentum [6] Fund Performance and Recognition - Many interval and tender offer funds showed strong results in 2025, with notable net flows and asset growth, including the Cliffwater Corporate Lending Fund and the StepStone Private Credit Income Fund [8] - The new XAI Interval Fund Awards recognized innovative offerings and top-performing funds, providing valuable insights into the growth and performance of the interval fund market [9][8]

Core Viewpoint - XA Investments LLC has expanded access to the Octagon XAI CLO Income Fund (OCTIX) through the Charles Schwab platform, enhancing its availability to financial advisors and their clients [1][2]. Group 1: Fund Overview - The Octagon XAI CLO Income Fund (OCTIX) is an evergreen interval fund that aims to provide high income and total return, with monthly distributions and quarterly repurchases [2]. - The Fund invests at least 80% of its assets in securities of collateralized loan obligation entities (CLOs), including CLO debt tranches and CLO equity [2]. Group 2: Strategic Importance - The addition of OCTIX to the Charles Schwab platform is a significant milestone, providing substantial access to Schwab's investor base and network [2]. - The Fund has a daily net asset value (NAV) and is available for electronic ticketing on the Schwab platform under the ticker symbol "OCTIX" [2]. Group 3: Company Background - XA Investments LLC, founded in 2016, serves as the investment adviser for multiple closed-end funds and offers investment advisory services, fund structuring, and consulting services [4]. - The firm launched the XAI Interval Fund Index™ in April 2025, the first rules-based total return index designed to track the performance of interval and tender offer funds [4]. Group 4: Sub-Adviser Information - Octagon Credit Investors, LLC, the Fund's investment sub-adviser, focuses on below-investment grade corporate credit investments, managing a portfolio of $33.6 billion [5]. - Octagon employs fundamental credit analysis and active portfolio management to identify attractive investment opportunities across below-investment grade asset classes [5].

Core Points - XAI Madison Equity Premium Income Fund has changed its fiscal year end to September 30 from December 31 to align with other funds in its complex [1] - The Fund will file a Transition Report on Form N-CSR for the nine-month period from January 1, 2025, to September 30, 2025 [2] Company Overview - XA Investments LLC serves as the investment adviser for the Fund and was founded in 2016 by XMS Capital Partners [3] - XA Investments manages two listed closed-end funds and one interval closed-end fund, all of which are available on the New York Stock Exchange [3] - The firm also provides investment fund structuring and consulting services focused on registered closed-end funds [4] - XA Investments aims to provide individual investors access to institutional-caliber alternative investment strategies [5] Additional Company Information - XMS Capital Partners, established in 2006, offers M&A, corporate advisory, and asset management services with offices in Chicago, Boston, and London [6] - Madison Investments, founded in 1974, manages approximately $29.6 billion in assets as of September 30, 2025, and is recognized as a top investment firm [7] - Madison Investments offers a variety of investment management strategies, including domestic fixed income and international equity [7]