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Xai Madison Equity's adviser personnel acquires shares for $16,560

Published 2024-12-19, 07:30 p/m
MCN
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John Yogi Spence, identified as adviser personnel, has purchased a total of 2,500 common shares of XAI Madison Equity Premium Income Fund (NYSE:MCN) according to a recent SEC filing. The transactions, executed on December 19, 2024, were made at prices ranging from $6.60 to $6.63 per share, amounting to a total acquisition value of $16,560. The timing appears notable as InvestingPro data shows the stock trading near its 52-week low of $6.56, while offering an attractive 11% dividend yield. The fund has maintained dividend payments for 18 consecutive years, with relatively low price volatility indicated by a beta of 0.82.

Want deeper insights into MCN's insider trading patterns and valuation metrics? InvestingPro subscribers have access to exclusive analysis and real-time alerts. Following these transactions, Spence holds 2,500 shares in direct ownership.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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