MCN
XAI Madison Equity Premium Income Fund
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Latest Quote
$5.65
| Previous Close | $5.65 |
| Open | $5.65 |
| Day High | $5.67 |
| Day Low | $5.63 |
| Volume | 23,064 |
Stock Information
| Quarterly Dividend / Yield | $0.72 / 12.74% |
| Shares Outstanding | 20.99M |
| Quarterly Dividend Yield | 12.74% |
| Quarterly Dividend | $0.72 |
| Cash Equivalents | $2.11M |
| Revenue | $3.59M |
| Net Income | $12.04M |
| Sector | Financial Services |
| Industry | Asset Management |
| Market Cap | $118.68M |
| P/E Ratio | 18.24 |
| EPS (TTM) | $0.31 |
| Exchange | NYQ |
Recent Price History
About XAI Madison Equity Premium Income Fund
XAI Madison Equity Premium Income Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in reasonably priced growth (GARP) stocks of large and mid-cap companies. It also writes covered call options to make its investments. The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on such factors as PEG ratios (price-earnings ratio to growth rate), financial strength, and industry leadership to create its portfolio. It benchmarks the performance of its portfolio against the CBOE S&P 500 Buy/Write Index. The fund conducts in-house research to make its investments. It was formerly known as Madison/Claymore Covered Call & Equity Strategy Fund. XAI Madison Equity Premium Income Fund was formed on May 6, 2004 and is domiciled in the United States.
đ° Latest News
Income Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Total Revenue | $5,722,048 | $15,732,715 | $7,257,156 | $23,046,103 |
| Operating Revenue | $5,722,048 | $15,732,715 | $7,257,156 | $23,046,103 |
| Expenses | ||||
| Operating Expense | $432,732 | $443,858 | $449,286 | $472,975 |
| Other Operating Expenses | $14,670 | $14,340 | $22,804 | $20,053 |
| General And Administrative Expense | $418,062 | $429,518 | $426,482 | $452,922 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $5,289,316 | $15,288,857 | $6,807,870 | $22,573,128 |
| Normalized Income | $5,289,316 | $15,288,857 | $6,807,870 | $22,573,128 |
| Net Income From Continuing And Discontinued Operation | $5,289,316 | $15,288,857 | $6,807,870 | $22,573,128 |
| Net Income Common Stockholders | $5,289,316 | $15,288,857 | $6,807,870 | $22,573,128 |
| Net Income | $5,289,316 | $15,288,857 | $6,807,870 | $22,573,128 |
| Net Income Including Noncontrolling Interests | $5,289,316 | $15,288,857 | $6,807,870 | $22,573,128 |
| Net Income Continuous Operations | $5,289,316 | $15,288,857 | $6,807,870 | $22,573,128 |
| Pretax Income | $5,289,316 | $15,288,857 | $6,807,870 | $22,573,128 |
| Net Interest Income | - | $1,714,455 | $381,884 | $13,742 |
| Interest Income | - | $1,714,455 | $381,884 | $13,742 |
| Per Share | ||||
| Diluted EPS | $0.25 | $0.73 | $0.32 | $1.08 |
| Basic EPS | $0.25 | $0.73 | $0.32 | $1.08 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Diluted Average Shares | $21,157,264 | $20,943,640 | $21,274,594 | $20,901,044 |
| Basic Average Shares | $21,157,264 | $20,943,640 | $21,274,594 | $20,901,044 |
| Diluted NI Availto Com Stockholders | $5,289,316 | $15,288,857 | $6,807,870 | $22,573,128 |
| Gain On Sale Of Security | $8,069,004 | $7,266,373 | $13,325,566 | $13,277,772 |
| Selling General And Administration | $418,062 | $429,518 | $426,482 | $452,922 |
Balance Sheet (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $139,117,776 | $148,630,589 | $148,156,022 | $156,219,786 |
| Total Assets | $141,292,928 | $156,058,065 | $150,150,848 | $159,554,616 |
| Investmentin Financial Assets | $141,196,543 | $155,980,585 | $149,919,883 | $159,472,006 |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | $141,196,543 | $155,980,585 | $149,919,883 | $159,472,006 |
| Receivables | $96,385 | $77,480 | $230,965 | $82,610 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $2,175,152 | $7,427,476 | $1,994,826 | $3,334,830 |
| Derivative Product Liabilities | $2,044,024 | $3,373,633 | $1,742,440 | $3,140,172 |
| Payables | $131,128 | $4,053,843 | $252,386 | $194,658 |
| Other Payable | $131,128 | $133,382 | $134,386 | $194,658 |
| Accounts Payable | - | $3,920,461 | $118,000 | - |
| Equity | ||||
| Common Stock Equity | $139,117,776 | $148,630,589 | $148,156,022 | $156,219,786 |
| Total Equity Gross Minority Interest | $139,117,776 | $148,630,589 | $148,156,022 | $156,219,786 |
| Stockholders Equity | $139,117,776 | $148,630,589 | $148,156,022 | $156,219,786 |
| Retained Earnings | $-25,767,052 | $-20,194,056 | $-25,382,076 | $-17,074,162 |
| Other | ||||
| Ordinary Shares Number | $21,116,722 | $21,062,368 | $21,016,506 | $20,981,550 |
| Share Issued | $21,116,722 | $21,062,368 | $21,016,506 | $20,981,550 |
| Tangible Book Value | $139,117,776 | $148,630,589 | $148,156,022 | $156,219,786 |
| Capital Stock | $164,884,828 | $0 | $0 | $0 |
| Common Stock | $164,884,828 | $0 | $0 | $0 |
| Investments And Advances | $141,196,543 | $155,980,585 | $149,919,883 | $159,472,006 |
| Additional Paid In Capital | - | $168,824,645 | $173,538,098 | $173,293,948 |