Madison Covered Call and Equity Strategy Fund (MCN)
The Fund seeks to provide a high level of current income and gains, with a secondary objective of achieving long-term capital appreciation.
Investment Strategy
We believe these goals can be met by investing in large and mid-capitalizations stocks that are, in our opinion, selling at a reasonable price with respect to their long-term earnings growth rates. The income comes in the form of option premiums which are generated by writing covered calls on a majority of the stocks in the portfolio.
Portfolio Management
Key Highlights (As of Thursday March 30, 2023)
NAV |
Market Price |
Inception Date |
NYSE Symbol |
NAV Symbol |
Distribution Frequency |
Expense Ratio |
|
7.24 |
8 |
07/27/04 |
MCN |
XMCNX |
Quarterly |
1.08 |
Portfolio Highlights
Top Ten Fund Holdings (As of 02/28/23)
LAS VEGAS SANDS CORP |
4.38% |
APA CORP |
2.76% |
TRANSOCEAN LTD |
4.04% |
CVS HEALTH CORP |
2.49% |
BAKER HUGHES CO |
3.22% |
PAYPAL HOLDINGS INC |
2.43% |
T MOBILE US INC |
2.79% |
BLACKROCK INC |
2.41% |
JPMORGAN CHASE + CO |
2.79% |
ADOBE INC |
2.41% |
Documents and Other Information
| Fact sheet | |
| Annual Report | |
| Semi-Annual Report | |
| Complete Holdings List | |
| Quarterly Holdings - 3/31 | |
| Quarterly Holdings - 9/30 | |
| Audit Committee Charter | |
| Nominating and Governance Charter |
Legal/Communications
Distributions
| 2023 Distribution Calendar | Dividend Release - 3/23 | ||
| Dividend Release - 12/22 | Dividend Release - 9/22 | ||
| Dividend Release - 6/22 | Dividend Release - 3/22 |
Closed-end funds are listed on the New York Stock Exchange and nothing on this website is intended to be a solicitation to buy or an offer to sell such securities.