Form 4: XAI Madison Equity Premium Income Fund Adviser Personnel Purchases Shares

An adviser personnel of XAI Madison Equity Premium Income Fund, John Yogi Spence, has acquired 2,500 common shares of beneficial ownership.

Summary

• John Yogi Spence, an adviser personnel for XAI Madison Equity Premium Income Fund, has reported purchasing shares of the fund.
• On December 19, 2024, Mr. Spence acquired 2,000 shares at a price of $6.63 per share.
• On the same day, he also acquired an additional 500 shares at a price of $6.60 per share.
• Following these transactions, Mr. Spence directly owns 2,500 shares of the fund.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of share purchases by an insider, which is generally neutral. The purchase could be seen as a slightly positive sign of confidence.

Positives

• The purchase of shares by an adviser personnel could be seen as a positive sign of confidence in the fund's prospects.

Industry Context

This is a routine disclosure of share purchases by an insider, which is common in the investment management industry.

Comparison to Industry Standards

• Similar transactions are regularly reported by insiders of publicly traded funds and companies.
• These filings are a standard part of regulatory compliance and provide transparency to investors.

Stakeholder Impact

• The share purchase may have a minor positive impact on shareholder sentiment.

Key Dates

Keywords

XAI Madison Equity Premium Income Fund, MCN, share purchase, insider trading, adviser personnel, John Yogi Spence, beneficial ownership