XAI Madison Equity Premium adds PineBridge as sub-adviser, pending shareholder vote
The Board of Trustees approved PineBridge Investments as an additional sub-adviser for the fund, alongside Madison Asset Management, subject to shareholder approval. If approved, PineBridge would manage a preferred equity strategy, and the fund would be renamed XAI Equity Premium Income Fund. Shareholders will vote at a special meeting expected on or about July 30, 2026.
Key points
- PineBridge would manage the fund's preferred equity strategy; Madison would continue the covered call equity strategy.
- XAI expects about 20% to 30% of managed assets in preferred equity and about 70% to 80% in covered call equities, under normal conditions.
- The advisory fee stays at 0.80% of average daily managed assets per year, according to the filing.
- The special meeting is expected on or about July 30, 2026, and the fund would change its name after approval.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 19, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.