MCN News and Press, Madison Covered Call & Equity Strategy Fund From 05/31/22

Hopes and prayers answered! I said last weekend in the May 20 Equity CEF Performance update that I was expecting a bounce this week and that's exactly what happened. After seven down weeks in a row, the S&P 500 was finally up 6.6% last week while the Nasdaq-100 was up 7.1%. It was...

1 out of 22 CEF sectors positive on price and 1 out of 22 sectors positive on NAV last week. GUT has completed its rights offering, which was oversubscribed. Sidestepping the offering was once again the optimal strategy. For further details see: Weekly Closed-End Fund Ro...

MCN is a closed-end fund focused on a buy-write equities strategy. The fund writes call options on a very large portion of the portfolio (currently 84.8% of the assets). The fund is flat on a year-to-date basis from a total return perspective given its yield generating written cal...

MADISON, Wis., Jan. 03, 2022 (GLOBE NEWSWIRE) -- Madison Investments is pleased to announce the addition of a new sustainable fund to its lineup of risk-conscious mutual funds. The Madison Sustainable Equity Fund is an actively-managed, high conviction mutual fund designed to pursue lon...

Investors continue to struggle with an inability to generate any significant amount of income off of their assets. MCN uses a covered call strategy to provide investors with a very attractive yield. The fund appears reasonably well-diversified as it invests in many different secto...

CEFs are often able to use strategies that other funds cannot in order to boost their yields or returns. MCN uses a covered call-writing strategy along with a valuation-driven stock investing strategy to reward its investors. The fund is very well diversified across multiple secto...

MADISON, Wis., June 11, 2021 (GLOBE NEWSWIRE) -- Madison Investments Holdings, Inc. (Madison Investments), an independent investment management firm, today announced it has completed the acquisition of the Milwaukee-based Reinhart Fixed Income Team, fixed income investment strategies and cl...

MADISON, Wis., March 24, 2021 (GLOBE NEWSWIRE) -- The Madison Covered Call and Equity Strategy Fund (NYSE:MCN) (the “Fund”) announces that the NAV for the Fund was incorrect due to an administrative error. The Fund’s NAV was impacted on March 22, 2021. The originally re...

The market is taking on a tone of consolidation along with caution regarding further Congressional stimulus, China tensions and pre-election uncertainty, asserts Bryan Perry, income expert and editor of Cash Machine. For further details see: Madison- Equity Income from Covered Calls

MADISON, Wis., June 01, 2020 (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, 2020 to shareholders of record on June 16, 2020. The ex-dividend da...