Madison Strategic Sector Premium Fund (MSP) Declares Quarterly Dividend
June 01 2011 - 5:44PM
Marketwired
The Madison Strategic Sector Premium Fund (the Fund or MSP) (NYSE:
MSP) declares its quarterly dividend of $0.26/share payable June
30, 2011 to shareholders of record on June 17, 2011 The ex-dividend
date will be June 15, 2011. 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 prior to
the payable date. If a distribution rate is largely comprised of
sources other than income, it may not be reflective of the Fund's
performance.
The Fund's objective is to achieve a high level of current
income and current capital gains, with long-term capital
appreciation as a secondary objective. The Fund intends to pursue
its objectives by investing in a portfolio of common stocks and
utilizing an option strategy, primarily by writing (selling)
covered call options on a substantial portion of the individual
common stocks in the portfolio in order to generate current income
and gains from option writing premiums and, to a lesser extent,
from dividends. Market action can impact dividend issuance as
significant decreases or increases in the Fund's total assets
affects the Fund's future dividend prospects.
The Fund provides additional information on its website at
www.madisonfunds.com. Madison Asset Management, LLC (Madison), a
subsidiary of Madison Investment Holdings, Inc., is the Fund's
investment adviser. Madison and its affiliates manage the Madison
Mosaic and MEMBERS Mutual Funds families of mutual funds. Its
affiliates include Madison Investment Advisors, with which it
shares all resources at our Madison, Wisconsin headquarters,
Madison Scottsdale, located in Arizona, Concord Asset Management,
located in Chicago, Illinois and NorthRoad Capital Management LLC,
located in New York City. Madison also is investment manager of
another closed-end fund, the Madison/Claymore Covered Call and
Equity Strategy Fund (MCN).
Certain statements in this release are forward-looking. The
Fund's actual results may differ from current expectations or
projections due to numerous factors, including but not limited to
changes in the equity markets, changes in the portfolio's value,
economic and political conditions and other risks generally
discussed in the Fund's filings with the SEC. Neither the Fund nor
Madison undertakes any obligation to publicly update or revise any
forward-looking statements.
CONTACT: Press & Analyst Inquiries Madison Investment
Advisors Larry Tabak Email Contact 550 Science Drive, Madison, WI
53711 800-368-3195
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