XAI Madison Equity Premium Income Fund (MCN)
| Market Value | 140.15M |
| Revenue (ttm) | 4.49M |
| Net Income (ttm) | 6.42M |
| Shares Out | 21.09M |
| EPS (ttm) | 0.30 |
| PE Ratio | 21.82 |
| Forward PE | n/a |
| Dividend | $0.72 (10.83%) |
| Ex-Dividend Date | Dec 17, 2024 |
| Volume | 94,875 |
| Open | 6.54 |
| Previous Close | 6.56 |
| Day's Range | 6.52 - 6.65 |
| 52-Week Range | 6.52 - 7.72 |
| Beta | 0.82 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About MCN
XAI Madison Equity Premium Income Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in reasonably priced growth (GARP) stocks of large and mid-cap companies. It also writes covered call options to make its investments. The fund employs fundamental analysis with a bottom-up stock picking a... [Read more]
News
Madison Covered Call & Equity Strategy Fund Declares its Quarterly Distribution of $0.18 per Share
CHICAGO--(BUSINESS WIRE)--Madison Covered Call & Equity Strategy Fund (the “Fund”) has declared its regular quarterly distribution of $0.18 per share on the Fund's common shares (NYSE: MCN), payable o...
Madison Covered Call & Equity Strategy Fund Announces Appointment of XA Investments as Investment Adviser and Madison Asset Management as Sub-Adviser; Fund to Rebrand as XAI Madison Equity Premium Income Fund
CHICAGO--(BUSINESS WIRE)--Madison Covered Call & Equity Strategy Fund (NYSE: MCN) (“MCN” or the “Fund”) announced three significant changes today. The Fund appointed XA Investments LLC (“XAI”) as its ...
Madison Covered Call & Equity Strategy Fund Announces Shareholder Approval of XA Investments as Investment Adviser and Madison Investments as Sub-Adviser; Fund to Rebrand as XAI Madison Equity Premium Income Fund
CHICAGO--(BUSINESS WIRE)--During a special meeting on October 15, 2024 (the “Special Meeting”), shareholders of the Madison Covered Call & Equity Strategy Fund (NYSE: MCN) (“MCN” or the “Fund”) approv...
Madison Covered Call and Equity Strategy Fund (MCN) Declares Quarterly Dividend
MADISON, Wis., Sept. 03, 2024 (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 payabl...
XA Investments to Become Investment Adviser to Madison Investments Closed-End Fund and Will Retain Madison Investments as Portfolio Manager
CHICAGO, July 18, 2024 (GLOBE NEWSWIRE) -- XA Investments (XAI), an alternative investment management and consulting firm, announced the pending transaction, by which XAI will become investment advise...
MCN: Play The Mid-Cap Revival Via CEFs, 10% Distribution
MCN: Play The Mid-Cap Revival Via CEFs, 10% Distribution
Madison Investments Enters into Partnership with XA Investments
Expected to Accelerate Growth of Covered Call Equity Listed Closed-End Fund Expected to Accelerate Growth of Covered Call Equity Listed Closed-End Fund
MCN: Valuation Better, But Not Great
Madison Covered Call and Equity Strategy Fund has seen a decrease in its premium since our last update. MCN's portfolio has shifted towards a value-oriented approach, with healthcare, financials, and ...
MCN: A Fund For Investors Looking To Value And High Yield
Madison Covered Call and Equity Strategy Fund has delivered strong performance compared to the benchmark, despite following a more value-oriented strategy. MCN offers diversification for investors wit...
MCN: Suitability Depends On Your View Of The Market
The Madison Covered Call and Equity Strategy Fund offers a 9.92% yield, higher than most equity funds. The MCN closed-end fund has slightly underperformed the S&P 500 Index in the past two months but ...
MCN: This Covered Call Fund Is Getting Much More Attractive
The Madison Covered Call and Equity Strategy Fund offers a high level of income and potential for upside compared to fixed-income funds. The MCN closed-end fund has underperformed the S&P 500 Index ov...
Madison Investments Unveils MSTI, Latest Addition to Actively-Managed ETF Suite
Fourth Fund in the Suite Reinforces Commitment to Dynamic Fixed-Income Solutions Fourth Fund in the Suite Reinforces Commitment to Dynamic Fixed-Income Solutions
Madison Covered Call And Equity Strategy Fund (MCN) Declares Quarterly Dividend
MADISON, Wis., Sept. 01, 2023 (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 payabl...
Madison Investments Expands Actively-Managed ETF Suite with Launch of Madison Covered Call ETF (CVRD)
CVRD Leverages a Proven Covered Call Strategy to Target Higher Yields and Growth Potential CVRD Leverages a Proven Covered Call Strategy to Target Higher Yields and Growth Potential
Madison Investments Announces Ownership Transfer to Employees
Change in control reinforces commitment to independence and long-term focus Change in control reinforces commitment to independence and long-term focus
Madison Investments Debuts Actively-Managed ETF Suite with Launch of Madison Dividend Value ETF (DIVL)
DIVL Ushers in New Era of Actively-Managed, Income-Oriented Solutions DIVL Ushers in New Era of Actively-Managed, Income-Oriented Solutions
MCN: A Very Good Fund, But The Premium Is Irritating
The rapidly rising cost of living has strained the budgets of many Americans. Wages have not kept up with the rising prices, forcing people to see alternative sources of income to maintain their lifes...
MCN: Strong Performance, But Premium Persists
MCN has been able to reduce losses relative to the market. This would be thanks to its call-writing strategy plus holding a significant portion of its portfolio in money markets.
MCN: A Diamond In The Rough
MCN is an equity buy-write closed-end fund. The CEF has significantly outperformed the S&P 500 Buy-Write Index, which is down almost -12% this year.
MCN: Good Strategy But Marred By Overdistributing And Expensive Price
Madison Covered Call & Equity Strategy Fund invests in a diversified portfolio of stocks and writes covered calls against them to generate income. The covered call strategy is one of the best techniqu...
Weekly Closed-End Fund Roundup: BlackRock CEFs Repurchasing Shares (October 16, 2022)
0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.
Equity CEFs: Why MCN Should Be The Fund At A 69% Premium
You cannot make this stuff up. We're in a bear market, right? Then why is a CEF that has lost -46.1% of its NAV this year trading at a +69% market-price premium? And why is another CEF whose NAV is on...
MCN: A Covered Call Writing Fund For The Watchlist
MCN has been brought up in the past, but more recently, it seems to have been a more frequent occurrence. I've run across MCN previously, but I haven't looked at the fund too much in-depth.
Madison Covered Call and Equity Strategy Fund (MCN) Announces Correction to the Net Asset Value “NAV”
MADISON, Wis., June 22, 2022 (GLOBE NEWSWIRE) -- The Madison Covered Call and Equity Strategy Fund (NYSE:MCN) (the “Fund”) announces that the NAV for the Fund was overstated $0.04 for the period June ...