MCN
Madison Covered Call & Equity Strategy FundMCN
MCN
About: XAI Madison Equity Premium Income Fund is an investment management company. The Fund invests in an actively managed equity portfolio comprised of individual stocks and covered call options. The Fund's primary investment objective is to provide a high level of current income and gains, with a secondary objective of capital appreciation.
0
Funds holding %
of 6,810 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
11% more funds holding
Funds holding: 38 [Q2] → 42 (+4) [Q3]
2.81% less ownership
Funds ownership: 19.42% [Q2] → 16.61% (-2.81%) [Q3]
21% less capital invested
Capital invested by funds: $31.1M [Q2] → $24.7M (-$6.39M) [Q3]
31% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 16
Research analyst outlook
We haven’t received any recent analyst ratings for MCN.
Financial journalist opinion
Negative
Seeking Alpha
6 days ago
MCN: Sliding Lower But Premium Remains Sticky
XAI Madison Equity Premium Income Fund has seen a name change along with a change in the adviser, though the fund's objective and investment policy remained unchanged. The fund continues to carry a significant cash-like position that we've seen since around 2019, with risk-free rates dropping, this cash position may make less sense going forward. Despite the latest underlying weakness in the portfolio caused by overall increased market volatility and declines, MCN still doesn't appear like a bargain.
Neutral
Business Wire
1 month ago
Madison Covered Call & Equity Strategy Fund Declares its Quarterly Distribution of $0.18 per Share
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 .
Neutral
Business Wire
1 month ago
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)--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,.
Neutral
Business Wire
2 months ago
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
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.
Neutral
GlobeNewsWire
4 months ago
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.
Neutral
GlobeNewsWire
5 months ago
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.
Neutral
Business Wire
5 months ago
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.
Neutral
Seeking Alpha
5 months ago
MCN: Play The Mid-Cap Revival Via CEFs, 10% Distribution
MCN: Play The Mid-Cap Revival Via CEFs, 10% Distribution
Neutral
GlobeNewsWire
6 months ago
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
Neutral
GlobeNewsWire
7 months ago
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.
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