Madison Fund

Madison Covered Call & Equity Strategy Fund operates as a closed-end investment fund. Its investment objective is to provide a high level of current income and current gains, with a secondary objective of long-term capital appreciation. The company was founded on May 6, 2004 and is headquartered in Madison, WI.

CHICAGO--(BUSINESS WIRE)--Madison Covered Call & Equity Strategy Fund (the “Fund”) has declared its regular quarterly distribution of $0.18 per share on the Fund's common shares (NYSE: MCN), payable on December 31, 2024, to shareholders of record as of December 17, 2024, as noted below. The amount of the distribution represents no change from the previous quarter's distribution amount of $0.18 per share. The following dates apply to the declaration:   Ex-Dividend Date   December 17, 2024  .

Madison Covered Call & Equity Strategy Fund Declares its Quarterly Distribution of $0.18 per Share

CHICAGO--(BUSINESS WIRE)--Madison Covered Call & Equity Strategy Fund (NYSE: MCN) (“MCN” or the “Fund”) announced three significant changes today. The Fund appointed XA Investments LLC (“XAI”) as its investment adviser, and it also retained Madison Asset Management, LLC (“Madison”) as its sub-adviser. Additionally, the Fund announced that it would change its corporate name to XAI Madison Equity Premium Income Fund. The Fund expects to trade under its new name on or around December 9, 2024,.

Madison Covered Call & Equity Strategy Fund Announces Appointment of XA Investments as Investment Adviser and Madison Asset Management as Sub-Adviser; Fund to Rebrand as XAI Madison Equity Premium Income Fund

CHICAGO--(BUSINESS WIRE)--During a special meeting on October 15, 2024 (the “Special Meeting”), shareholders of the Madison Covered Call & Equity Strategy Fund (NYSE: MCN) (“MCN” or the “Fund”) approved multiple important proposals: A newly constituted slate of trustees to serve on the Fund's board of trustees; A new investment advisory agreement between the Fund and XA Investments, LLC (“XAI”) appointing XAI as the Fund's investment advisor (the “New Advisory Agreement”); A new investment.

Madison Covered Call & Equity Strategy Fund Announces Shareholder Approval of XA Investments as Investment Adviser and Madison Investments as Sub-Adviser; Fund to Rebrand as XAI Madison Equity Premium Income Fund

MADISON, Wis., Sept. 03, 2024 (GLOBE NEWSWIRE) -- The Madison Covered Call and Equity Strategy Fund (NYSE:MCN) (the “Fund”) declares its quarterly dividend of $0.18/share. The dividends will be payable September 30, 2024, to shareholders of record on September 17, 2024. The ex-dividend date will be September 17, 2024. If it is determined that a notification is required pursuant to Section 19(a) of the Investment Company Act of 1940, as amended, such notice will be posted to the Fund's website after the close of business three business days before the payable date. If a distribution rate is largely comprised of sources other than income, it may not reflect Fund performance.

Madison Covered Call and Equity Strategy Fund (MCN) Declares Quarterly Dividend

XAI Octagon Floating Rate & Alternative Income Term Trust

CHICAGO, July 18, 2024 (GLOBE NEWSWIRE) -- XA Investments (XAI), an alternative investment management and consulting firm, announced the pending transaction, by which XAI will become investment adviser to the Madison Covered Call & Equity Strategy Fund (NYSE: MCN), a $146 million listed closed-end fund. The agreement between XAI and MCN is subject to approval by MCN shareholders.

XA Investments to Become Investment Adviser to Madison Investments Closed-End Fund and Will Retain Madison Investments as Portfolio Manager

MCN: Play The Mid-Cap Revival Via CEFs, 10% Distribution

Expected to Accelerate Growth of Covered Call Equity Listed Closed-End Fund Expected to Accelerate Growth of Covered Call Equity Listed Closed-End Fund

Madison Investments Enters into Partnership with XA Investments

Madison Covered Call and Equity Strategy Fund has seen a decrease in its premium since our last update. MCN's portfolio has shifted towards a value-oriented approach, with healthcare, financials, and energy as the most significant allocations after its sizeable cash holding. The fund's valuation is looking better these days, but I believe some call-writing alternatives present more compelling options in today's market.

MCN: Valuation Better, But Not Great

Madison Covered Call and Equity Strategy Fund has delivered strong performance compared to the benchmark, despite following a more value-oriented strategy. MCN offers diversification for investors with heavy exposure to stock indexes like the S&P 500 while yielding nearly 10%. The Fund's stable distribution policy and low exposure to the technology sector make it an attractive investment option.

MCN: A Fund For Investors Looking To Value And High Yield

The Madison Covered Call and Equity Strategy Fund offers a 9.92% yield, higher than most equity funds. The MCN closed-end fund has slightly underperformed the S&P 500 Index in the past two months but has a higher yield. The MCN fund's covered call options strategy provides income but sacrifices some upside potential in a strong bull market.

MCN: Suitability Depends On Your View Of The Market

The Madison Covered Call and Equity Strategy Fund offers a high level of income and potential for upside compared to fixed-income funds. The MCN closed-end fund has underperformed the S&P 500 Index over the past two months, but its distribution partially offsets share price declines. The fund employs a strategy of writing covered calls on stocks in its portfolio to generate income, resulting in a higher yield than peer funds.

MCN: This Covered Call Fund Is Getting Much More Attractive

Madison Aggregate Bond ETF

Madison Short-Term Strategic Income ETF

Fourth Fund in the Suite Reinforces Commitment to Dynamic Fixed-Income Solutions Fourth Fund in the Suite Reinforces Commitment to Dynamic Fixed-Income Solutions

Madison Investments Unveils MSTI, Latest Addition to Actively-Managed ETF Suite

MADISON, Wis., Sept. 01, 2023 (GLOBE NEWSWIRE) -- The Madison Covered Call and Equity Strategy Fund (NYSE:MCN) (the “Fund”) declares its quarterly dividend of $0.18/share. The dividends will be payable September 29, 2023 to shareholders of record on September 15, 2023. The ex-dividend date will be September 14, 2023. If it is determined that a notification is required pursuant to Section 19(a) of the Investment Company Act of 1940, as amended, such notice will be posted to the Fund's website after the close of business three business days before the payable date. If a distribution rate is largely comprised of sources other than income, it may not reflect Fund performance.

Madison Covered Call And Equity Strategy Fund (MCN) Declares Quarterly Dividend

CVRD Leverages a Proven Covered Call Strategy to Target Higher Yields and Growth Potential CVRD Leverages a Proven Covered Call Strategy to Target Higher Yields and Growth Potential

Madison Investments Expands Actively-Managed ETF Suite with Launch of Madison Covered Call ETF (CVRD)

Change in control reinforces commitment to independence and long-term focus Change in control reinforces commitment to independence and long-term focus

Madison Investments Announces Ownership Transfer to Employees

DIVL Ushers in New Era of Actively-Managed, Income-Oriented Solutions DIVL Ushers in New Era of Actively-Managed, Income-Oriented Solutions

Madison Investments Debuts Actively-Managed ETF Suite with Launch of Madison Dividend Value ETF (DIVL)

The rapidly rising cost of living has strained the budgets of many Americans. Wages have not kept up with the rising prices, forcing people to see alternative sources of income to maintain their lifestyles. Madison Covered Call and Equity Strategy Fund offers a high level of current income and gains through a covered call strategy.

MCN: A Very Good Fund, But The Premium Is Irritating

MCN has been able to reduce losses relative to the market. This would be thanks to its call-writing strategy plus holding a significant portion of its portfolio in money markets.

MCN: Strong Performance, But Premium Persists

MCN is an equity buy-write closed-end fund. The CEF has significantly outperformed the S&P 500 Buy-Write Index, which is down almost -12% this year.

MCN: A Diamond In The Rough

Madison Covered Call & Equity Strategy Fund invests in a diversified portfolio of stocks and writes covered calls against them to generate income. The covered call strategy is one of the best techniques to use in a flat market like the one that we are in today.

MCN: Good Strategy But Marred By Overdistributing And Expensive Price

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16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.

Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)

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0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.

Weekly Closed-End Fund Roundup: BlackRock CEFs Repurchasing Shares (October 16, 2022)

You cannot make this stuff up. We're in a bear market, right? Then why is a CEF that has lost -46.1% of its NAV this year trading at a +69% market-price premium? And why is another CEF whose NAV is only down -2.0% YTD trading at a discount when its defensive option strategy is working wonders in this market?

Equity CEFs: Why MCN Should Be The Fund At A 69% Premium

MCN has been brought up in the past, but more recently, it seems to have been a more frequent occurrence. I've run across MCN previously, but I haven't looked at the fund too much in-depth.

MCN: A Covered Call Writing Fund For The Watchlist

MADISON, Wis., June 22, 2022 (GLOBE NEWSWIRE) -- The Madison Covered Call and Equity Strategy Fund (NYSE:MCN) (the “Fund”) announces that the NAV for the Fund was overstated $0.04 for the period June 15-21 due to an administrative error. The originally reported NAV's and the correct NAV's are as follows:

News for Madison Fund ETF (MCN)