XAI Madison Equity Premium Income Fund has declared a regular monthly distribution of $0.060 per share on the Fund’s common shares (NYSE: MCN) payable on September 2, 2025. The distribution amount remains unchanged from the previous month. The Fund changed its distribution frequency from quarterly to monthly starting in April 1, 2025, to help investors manage cash flow needs. Common share distributions may come from net investment income, capital gains, or return of capital. The Fund aims to maintain stable quarterly distributions over time. Visit www.xainvestments.com for more information on the Fund’s distributions and objectives. The Fund is subject to a 4% excise tax if it does not distribute a certain percentage of income and capital gains to shareholders by the end of the year.

XA Investments LLC is the Fund’s investment adviser. XAI serves as the investment adviser for two listed closed-end funds and an interval closed-end fund. XMS Capital Partners is a global financial services firm providing M&A, corporate advisory, and asset management services. Madison Investments is an independent investment management firm with over $28.3 billion in assets under management. They offer various investment strategies including domestic fixed income, equity, covered call, multi-asset, insurance, and credit union services. Investors should carefully consider the Fund’s objectives, policies, risks, charges, and expenses before investing. For more information, visit www.xainvestments.com.

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