Madison Covered Call and Equity Strategy Fund (MCN) Declares Quarterly Dividend
June 03 2019 - 4:30PM
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, 2019 to shareholders of record
on June 18, 2019. The ex-dividend date will be June 17, 2019. 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 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 objective 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 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 affect 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. The affiliates include Madison
Investment Advisors, LLC, with which it shares all resources at our
Madison, Wisconsin headquarters and Hansberger Growth Investors,
LP, also in Madison, Wisconsin.
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: Madison Greg Hoppe:
gregh@madisonadv.com800-368-3195
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