XAI Madison Equity Premium Income Fund

XAI Madison Equity Premium Income Fund announced the adjournment of its Special Meeting of Shareholders due to a lack of quorum. The meeting, intended to approve a new sub-advisory agreement, will reconvene on August 26, 2026. The Fund's Board of Trustees recommends shareholders vote "FOR" the proposal and urges them to submit their votes.

XAI Madison Equity Premium Income Fund (MCN) is seeking shareholder approval for PineBridge Investments LLC to become an additional investment sub-adviser. This move aims to optimize the Fund's investment strategy by adding a preferred equity securities strategy alongside the existing covered call equity strategy managed by Madison Asset Management, LLC. The Board unanimously recommends voting FOR the PineBridge Sub-Advisory Agreement at a Special Meeting on July 30, 2026, anticipating benefits like more consistent income and diversification. The new strategy will allocate 20-30% of managed assets to preferred equity and 70-80% to covered call equities.

XAI Floating Rate & Alternative Income Trust (XFLT) and XAI CLO & Income Opportunities Fund (OCTIX) announced a proposed sub-advisory agreement with King Street Capital Management. The Boards of Trustees of both funds unanimously approved the agreement, believing it to be in the best interests of shareholders. A webinar is scheduled for June 30, 2026, at 11:00 a.m. ET, where XAI and King Street representatives will discuss the changes and potential benefits. Shareholders will receive a proxy statement with detailed information and are encouraged to vote for the approval of the agreement.

XA Investments LLC announced the launch of YOGI, its first generative artificial intelligence capability for consulting clients and research subscribers. Developed in partnership with RavenPack, YOGI is designed to transform how business development and product strategists analyze competitor funds and design new evergreen products for the private wealth marketplace. The tool aims to provide a speed and knowledge advantage in the rapidly growing interval and tender offer fund market, which has seen a 25% compounded annual growth rate over the last three years.

XAI Madison Equity Premium Income Fund's Board of Trustees has approved PineBridge Investments, LLC as an additional investment sub-adviser, subject to shareholder approval. This move will optimize the fund's strategy, with PineBridge managing 20-30% of assets in preferred equity and Madison Asset Management continuing to manage 70-80% in covered call equities. The fund's investment objective will remain focused on providing a high level of current income and gains, and its name will change to XAI Equity Premium Income Fund upon shareholder approval.

XA Investments LLC (XAI) announced it will become the investment adviser to the $91 million Evanston Multi-Alpha Fund, with Evanston Capital Management, LLC continuing as sub-adviser. This partnership aims to expand investor access to institutional-caliber alternative investment strategies. The new agreements and a planned conversion of the Fund to a daily net asset value (NAV) interval fund are subject to board and Fund shareholder approvals, with XAI's appointment expected in Q3 2026 and the conversion in H1 2027. This move will increase the XAI Funds complex to four funds.

The XAI Madison Equity Premium Income Fund declared a regular monthly distribution of $0.060 per share on its common shares (NYSE: MCN). This distribution is payable on June 1, 2026, to common shareholders of record as of May 15, 2026. The amount represents no change from the previous month's distribution. The fund clarified that distributions may be sourced from net investment income, capital gains, and/or a return of capital, with tax characteristics to be reported on Form 1099.

XAI Madison Equity Premium Income Fund (MCN) announced it will host its Quarterly Webinar on May 5, 2026, at 12:00 pm ET. The Q&A session will feature Kimberly Flynn, President at XAI, and Portfolio Managers Ray Di Bernardo and Drew Justman from Madison Investments. Investors can join via web or telephone, with a replay available, to gain insights into the Fund's investment strategy and performance.