Madison Covered Call & Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in reasonably priced growth (GARP) stocks of large and mid-cap companies. It also writes covered call options to make its investments. The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on such factors as PEG ratios (price-earnings ratio to growth rate), financial strength, and industry leadership to create its portfolio. It benchmarks the performance of its portfolio against the CBOE S&P 500 Buy/Write Index. The fund conducts in-house research to make its investments. It was formerly known as Madison/Claymore Covered Call & Equity Strategy Fund. Madison Covered Call & Equity Strategy Fund was formed on May 6, 2004 and is domiciled in the United States.
IPO Year: 2004
Exchange: NYSE
Website: madisonfunds.com/individual/madison-covered-call-an
| Date | Price Target | Rating | Analyst |
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4 - XAI Madison Equity Premium Income Fund (0001289868) (Issuer)
40-17G - XAI Madison Equity Premium Income Fund (0001289868) (Filer)
DEFA14A - Madison Covered Call & Equity Strategy Fund (0001289868) (Filer)
DEFA14A - Madison Covered Call & Equity Strategy Fund (0001289868) (Filer)
N-CSRS - Madison Covered Call & Equity Strategy Fund (0001289868) (Filer)
DEFA14A - Madison Covered Call & Equity Strategy Fund (0001289868) (Filer)
DEFA14A - Madison Covered Call & Equity Strategy Fund (0001289868) (Filer)
DEF 14A - Madison Covered Call & Equity Strategy Fund (0001289868) (Filer)
DEFA14A - Madison Covered Call & Equity Strategy Fund (0001289868) (Filer)
PRE 14A - Madison Covered Call & Equity Strategy Fund (0001289868) (Filer)
DEFA14A - Madison Covered Call & Equity Strategy Fund (0001289868) (Filer)
CHICAGO, Jan. 02, 2025 (GLOBE NEWSWIRE) -- XAI Octagon Floating Rate & Alternative Income Trust (the "Trust") has declared its regular monthly distribution of $0.077 per share of the Trust's common shares (NYSE:XFLT). The Trust also declared preferred dividends for the quarter of $0.40625 per share of the Trust's 6.50% Series 2026 Term Preferred Shares (NYSE:XFLTPRA). The following dates apply to each declaration: Share ClassEx-Dividend DateRecord DatePayable DateAmountChange from Previous DeclarationXFLTJanuary 16, 2025January 16, 2025February 3, 2025$0.077No ChangeXFLTPRAJanuary 15, 2025January 15, 2025January 31, 2025$0.40625No Change1 _______________________________1 The Trust's 6
CHICAGO, Dec. 23, 2024 (GLOBE NEWSWIRE) -- XA Investments LLC ("XAI"), an alternative investment management and consulting firm, tracks developments in the non-listed closed-end funds (CEF) market on a monthly and quarterly basis. The non-listed closed-end funds market includes all interval and tender offer funds. "As 2024 draws to a close, we've been pleased to see that the pace of new N-2 filings with the SEC for new interval and tender offer funds is accelerating. In the month of November alone, there were 5 new filings, with 15 total new filings since the end of the third quarter," stated Kimberly Flynn, the President of XAI. "The fourth quarter of 2024 is far ahead in the number of
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 Record Date December 17, 2024 Payable Date December 31, 2024 Amount $0.18 per share Change from Previous Quarter
XAI Octagon Floating Rate & Alternative Income Trust (the "Trust") has declared its regular monthly distribution of $0.077 per share on the Trust's common shares (NYSE:XFLT), payable on December 30, 2024, to common shareholders of record as of December 16, 2024, as noted below. The amount of the distribution represents a 9.41% decrease from the previous month's distribution of $0.085 per share. The Trust's investment objective is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle. The Trust's investment portfolio is comprised largely of floating-rate credit instruments and other structured credit investments. In the past three
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, and it will retain its current New York Stock Exchange ticker MCN. The appointment of XAI and Madison as MCN's investment adviser and sub-adviser, respectively, follows the receipt of approval from the Fund's shareholders at a sp
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: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241015803256/en/ 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 sub-advisory agreement among the Fund, XAI and Madison Asset Management, LLC ("Madison") appointing
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. The Fund's obje
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. Notably, Madison Investments will maintain portfolio management responsibilities as sub-adviser to MCN, also subject to approval by MCN shareholders. XAI is committed to providing investors with access to institutional-caliber investments. The acquisition would expand the number of closed-end funds currently on th
Reflects Increasing Investor Demand for Equity Income Funds 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 shareholders. XAI is committed to providing investors with access to institutional-caliber investments. The acquisition would expand the number of closed-end funds currently on t
MADISON, Wis., July 11, 2024 (GLOBE NEWSWIRE) -- Madison Investments, a privately-held, independent investment management firm known for its expertise in actively managed, high-quality portfolios, today announced a strategic partnership with XA Investments (XAI). XAI is an alternative investment management and consulting firm. The agreement stipulates that XAI will become investment adviser to the Madison Covered Call and Equity Strategy Fund (NYSE:MCN), a $147 million listed closed-end fund. Madison Investments will maintain portfolio management responsibilities as sub-adviser to MCN. The partnership with XAI allows Madison Investments to focus on investment management and its strategic
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, and it will retain its current New York Stock Exchange ticker MCN. The appointment of XAI and Madison as MCN's investment adviser and sub-adviser, respectively, follows the receipt of approval from the Fund's shareholders at a sp
CHICAGO, Jan. 02, 2025 (GLOBE NEWSWIRE) -- XAI Octagon Floating Rate & Alternative Income Trust (the "Trust") has declared its regular monthly distribution of $0.077 per share of the Trust's common shares (NYSE:XFLT). The Trust also declared preferred dividends for the quarter of $0.40625 per share of the Trust's 6.50% Series 2026 Term Preferred Shares (NYSE:XFLTPRA). The following dates apply to each declaration: Share ClassEx-Dividend DateRecord DatePayable DateAmountChange from Previous DeclarationXFLTJanuary 16, 2025January 16, 2025February 3, 2025$0.077No ChangeXFLTPRAJanuary 15, 2025January 15, 2025January 31, 2025$0.40625No Change1 _______________________________1 The Trust's 6
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 Record Date December 17, 2024 Payable Date December 31, 2024 Amount $0.18 per share Change from Previous Quarter
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. The Fund's obje
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. The Fund's objective is to achi
MADISON, Wis., Dec. 05, 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 December 29, 2023 to shareholders of record on December 15, 2023. The ex-dividend date will be December 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. The Fund's objective
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. The Fund's objec
MADISON, Wis., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Madison Investments, an independently-owned investment firm managing $22.9 billion in assets, today announces the launch of the Madison Aggregate Bond ETF (NYSE:MAGG), the latest addition to its suite of actively-managed, income-driven exchange-traded funds (ETFs). This expansion follows the launch of the suite's two equity funds: The Madison Covered Call ETF (NYSE:CVRD) and the Madison Dividend Value ETF (NYSE:DIVL). The ETF suite combines Madison's decades-long track record of risk-conscious investing with an active management approach designed to pursue stable income with lower-than-benchmark risk. The firm will round out its ETF suite
MADISON, Wis., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Madison Investments, an independently-owned investment firm managing $22.9 billion in assets, today announces the expansion of its suite of actively-managed ETFs with the launch of the Madison Covered Call ETF (NYSE:CVRD). Madison Investments' ETF suite is designed to help investors pursue income and capital appreciation by employing institutional-caliber, risk-controlled investment strategies. Today's launch follows the debut of the firm's first ETF, the Madison Dividend Value ETF (NYSE:DIVL), which invests in dividend paying stocks that exhibit above-market yield and growth potential. Madison Investments plans to expand the offerings in i
MADISON, Wis., June 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 June 30, 2023 to shareholders of record on June 16, 2023. The ex-dividend date will be June 15, 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. The Fund's objective is to achie
MADISON, Wis., March 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 March 31, 2023 to shareholders of record on March 16, 2023. The ex-dividend date will be March 15, 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. The Fund's objective is to a
4 - XAI Madison Equity Premium Income Fund (0001289868) (Issuer)
3 - Madison Covered Call & Equity Strategy Fund (0001289868) (Issuer)
3 - Madison Covered Call & Equity Strategy Fund (0001289868) (Issuer)
3 - Madison Covered Call & Equity Strategy Fund (0001289868) (Issuer)
3 - Madison Covered Call & Equity Strategy Fund (0001289868) (Issuer)
3 - Madison Covered Call & Equity Strategy Fund (0001289868) (Issuer)
3 - Madison Covered Call & Equity Strategy Fund (0001289868) (Issuer)
3 - Madison Covered Call & Equity Strategy Fund (0001289868) (Issuer)
3 - Madison Covered Call & Equity Strategy Fund (0001289868) (Issuer)
3 - Madison Covered Call & Equity Strategy Fund (0001289868) (Issuer)