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META - MCN: The Yield Is Nice, But This Fund Is Hard To Recommend
Meta Platforms Inc
2025-07-27 12:32:39 ET
The XAI Madison Equity Premium Income Fund ( MCN ) is a closed-end fund that income-seeking investors may be attracted to due to the fact that it boasts a very high yield and holds a portfolio of equities, as opposed to the debt securities held by many high-yielding funds. The yield of the XAI Madison Equity Premium Income Fund is 11.50% at the current share price, which is much higher than the yield of any of the major equity indices. We can see that quite clearly here: