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 November 21, 2024)
NAV |
Market Price |
Inception Date |
NYSE Symbol |
NAV Symbol |
Distribution Frequency |
Expense Ratio |
|
6.91 |
7.01 |
07/27/04 |
MCN |
XMCNX |
Quarterly |
1.08 |
Portfolio Highlights
Top Ten Fund Holdings (As of 10/31/24)
LAS VEGAS SANDS CORP |
4.29% |
TRANSOCEAN LTD |
2.72% |
MEDTRONIC PLC |
3.17% |
PAYPAL HOLDINGS INC |
2.71% |
BARRICK GOLD CORP |
3.15% |
CME GROUP INC |
2.61% |
CONOCOPHILLIPS |
2.92% |
AES CORP |
2.57% |
HONEYWELL INTERNATIONAL INC |
2.78% |
NORDSTROM INC |
2.35% |
Documents and Other Information
| Fact sheet | |
| Annual Report | |
| Semi-Annual Report | |
| Complete Holdings List | |
| Quarterly Holdings - 9/30 | |
| Audit Committee Charter | |
| Nominating and Governance Charter |
Legal/Communications
Distributions
| 2024 Distribution Calendar | Dividend Release - 9/24 | ||
| Dividend Release - 6/24 | Dividend Release - 3/24 | ||
| Dividend Release - 12/23 | Dividend Release - 9/23 | ||
| Dividend Release - 6/23 |
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.