MCN: The Yield Is Nice, But This Fund Is Hard To Recommend
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:
Index/ETF | Current Yield |
S&P 500 Index ( SPY ) | 1.13% |
NASDAQ-100 Index ( QQQ ) | 0.50% |
Russell 2000 Index ( IWM ) | 1.11% |
Dow Jones Industrial Average ( DIA ) | 1.50% |
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MCN: The Yield Is Nice, But This Fund Is Hard To Recommend
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