Here are the DEF 14A proxy statements from XAI Madison Equity Premium Income Fund (MCN) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, so if you follow MCN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MCN filings page.
XAI Madison Equity Premium Income Fund is asking shareholders to approve a new sub-advisory agreement with PineBridge Investments LLC, adding a preferred equity securities sleeve alongside the existing covered call equity strategy managed by Madison Asset Management.
The fund’s investment objective remains a high level of current income and gains, with capital appreciation secondary. XAI anticipates allocating about 20–30% of managed assets to PineBridge’s preferred equity strategy and 70–80% to Madison’s covered call equities. The fund will continue to pay XAI an advisory fee of 0.80% of average daily managed assets; PineBridge will receive a 0.35% sub-advisory fee on the assets it manages, paid by XAI, with no change to shareholder-level fees. The Board unanimously recommends voting FOR the PineBridge sub-advisory agreement at the July 30, 2026 special meeting for shareholders of record on June 2, 2026.
The joint annual meeting of XAI Octagon Floating Rate & Alternative Income Trust (XFLT) and XAI Madison Equity Premium Income Fund (MCN) will be held on May 7, 2026 in Chicago. Shareholders are asked to elect Scott Craven Jones and William T. Meyers as Class III Trustees for each fund, to serve until the 2029 annual meeting. The Board of Trustees, including all independent trustees, unanimously recommends voting “FOR” both nominees. Shareholders of record at the close of business on March 27, 2026 are entitled to vote in person or by proxy via mail, telephone or Internet.