MCN

Madison Covered Call & Equity Strategy Fund
MCN

$7.30

0.83%

Market Cap: $154M

About: Madison Covrd Call & Eqt Strtg Fd is a diversified, closed-end management investment company. The primary objective is to provide a high level of current income and current gains. Its secondary objective is to achieve long-term capital appreciation. The fund seeks to achieve its objectives by investing in large and mid-capitalization common stocks. Its portfolio of investments consists of different sectors investment such as consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, real estate, utilities, exchange-traded funds, U.S. government and agency obligations, and money market funds.

0

Funds holding %

of 6,710 funds

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Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

18% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 11

5% less funds holding

Funds holding: 40 [Q1] → 38 (-2) [Q2]

5.07% less ownership

Funds ownership: 22.39% [Q1] → 17.31% (-5.07%) [Q2]

19% less capital invested

Capital invested by funds: $34.4M [Q1] → $27.7M (-$6.7M) [Q2]

29% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 7

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Research analyst outlook

We haven’t received any recent analyst ratings for MCN.

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Financial journalist opinion

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

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

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

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

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

CHICAGO--(BUSINESS WIRE)--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 transaction is subject to approval by MCN shareholders. Notably, Madison Investments will maintain portfolio management responsibilities as sub-adviser to MCN, also subject to approval by MCN shareholder.

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

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

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

Madison Investments Enters into Partnership with XA Investments

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 (MCN) Declares Quarterly Dividend

MADISON, Wis., June 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 June 28, 2024, to shareholders of record on June 14, 2024. The ex-dividend date will be June 14, 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

MCN: Valuation Better, But Not Great

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 (MCN) Declares Quarterly Dividend

MADISON, Wis., March 01, 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 March 28, 2024 to shareholders of record on March 15, 2024. The ex-dividend date will be March 14, 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

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

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

MCN: Suitability Depends On Your View Of The Market

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

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