Madison Covered Call & Equity Strategy Fund (MCN)

NYSE: MCN · Real-Time Price · USD
7.02
0.00 (-0.01%)
Nov 21, 2024, 2:17 PM EST - Market open
-0.01%
Market Value 148.02M
Revenue (ttm) 4.49M
Net Income (ttm) 6.42M
Shares Out 21.09M
EPS (ttm) 0.30
PE Ratio 23.05
Forward PE n/a
Dividend $0.72 (10.27%)
Ex-Dividend Date Sep 17, 2024
Volume 61,909
Open 7.02
Previous Close 7.02
Day's Range 6.98 - 7.04
52-Week Range 6.84 - 7.72
Beta 0.82
Analysts n/a
Price Target n/a
Earnings Date n/a

About MCN

Madison Covered Call & Equity Strategy 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 pick... [Read more]

Sector Financials
Founded 2004
Country United States
Stock Exchange NYSE
Ticker Symbol MCN
Full Company Profile

News

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...

5 weeks ago - Business Wire

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...

2 months ago - GlobeNewsWire

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...

Other symbols: XFLT
4 months ago - GlobeNewsWire

MCN: Play The Mid-Cap Revival Via CEFs, 10% Distribution

MCN: Play The Mid-Cap Revival Via CEFs, 10% Distribution

4 months ago - Seeking Alpha

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

4 months ago - GlobeNewsWire

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 ...

6 months ago - Seeking Alpha

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...

11 months ago - Seeking Alpha

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 ...

1 year ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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

Other symbols: MAGGMSTI
1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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

1 year ago - GlobeNewsWire

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

1 year ago - GlobeNewsWire

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

1 year ago - GlobeNewsWire

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...

1 year ago - Seeking Alpha

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.

1 year ago - Seeking Alpha

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.

2 years ago - Seeking Alpha

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...

2 years ago - Seeking Alpha

Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)

16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.

Other symbols: ACPAGDASGIBBNCEECRFDBL
2 years ago - Seeking Alpha

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.

Other symbols: ACPAGDASGIBTOCLMCRFEDF
2 years ago - Seeking Alpha

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...

2 years ago - Seeking Alpha

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.

2 years ago - Seeking Alpha

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 ...

2 years ago - GlobeNewsWire

MCN: Actively Managed Buy-Write CEF, 9.27% Yield

MCN is a closed-end fund focused on a buy-write equities strategy. The fund writes call options on a very large portion of the portfolio (currently 84.8% of the assets).

2 years ago - Seeking Alpha

Madison Investments welcomes Tom Nolte to Madison Institutional Business Group

MADISON, Wis., Feb. 08, 2022 (GLOBE NEWSWIRE) -- Madison Investments is pleased to welcome industry veteran Tom Nolte to its Institutional business development team. As the Director of Institutional B...

3 years ago - GlobeNewsWire