MCN: Outperformed By Peers Like JEPQ

  • XAI Madison Equity Premium Income Fund offers a high dividend yield of 13.7% but struggles with sustaining distributions and NAV growth. MCN's covered call strategy provides income but limits growth, leading to underperformance compared to peers like JEPQ and JEPI. The fund's price trades at a discount to NAV, potentially making it an attractive entry point despite concerns about distribution sustainability.