Fund Proposes New Sub-Adviser PineBridge, Shifts Strategy to Include Preferred Equity

summarizeSummary

XAI Madison Equity Premium Income Fund announced plans to add PineBridge Investments as a sub-adviser and introduce a preferred equity strategy, subject to shareholder approval.

check_boxKey Events

• New Sub-Adviser Proposed

  The Board of Trustees has unanimously approved PineBridge Investments, LLC, a global asset manager, to serve as an additional investment sub-adviser, subject to shareholder approval.

• Strategic Shift to Preferred Equity

  PineBridge will manage 20-30% of the fund's managed assets in preferred equity securities, diversifying the investment strategy.

• Covered Call Strategy Maintained

  Madison Asset Management, LLC will continue to manage 70-80% of the fund's managed assets in the existing covered call equity strategy.

• Shareholder Vote Required

  A special meeting of shareholders is scheduled for approximately July 30, 2026, to vote on the PineBridge Sub-Advisory Agreement.

auto_awesomeAnalysis

The fund is seeking shareholder approval to add PineBridge Investments as a sub-adviser and allocate 20-30% of its portfolio to preferred equity securities. This strategic shift, alongside a proposed name change, aims to optimize the fund's investment approach and potentially enhance income generation. This change requires shareholder approval, with a vote scheduled for July 30, 2026.