other_material
confidence high
sentiment neutral
materiality 0.65
XAI Madison Equity Premium Income Fund to add PineBridge as sub-adviser, shift assets to preferred equities
XAI Madison Equity Premium Income Fund
- Board approves PineBridge Investments as additional sub-adviser, subject to shareholder vote at special meeting on or about July 30, 2026.
- Fund to allocate 20-30% of managed assets to preferred equity strategy managed by PineBridge; Madison continues on 70-80% covered call equity strategy.
- Fund name to change to 'XAI Equity Premium Income Fund' upon approval; advisory fee unchanged at 0.80%.
- PineBridge portfolio managers for preferred equity strategy are Vladimir Karloz and Danny Zoba.
- PineBridge, part of MetLife Investment Management, had $741.7B AUM as of Dec 31, 2025.