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Posted by
Two Blokes Jul 27 -
Filed in
Stock
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The XAI Madison Equity Premium Income Fund offers an eye-catching 11.5% yield, but its declining NAV and share price raise sustainability concerns. High option overwrite limits capital gains, causing underperformance versus peers with more balanced covered call strategies, especially during bull markets. The fund's distributions exceed what it earns, eroding capital and requiring reinvestment just to maintain purchasing power over time.
