Madison Covered Call & Equity Strategy Fund (MCN)
NYSE: MCN · IEX Real-Time Price · USD
7.38
+0.03 (0.41%)
Jul 2, 2024, 3:59 PM EDT - Market closed

Company Description

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 picking approach, focusing on such factors as PEG ratios (price-earnings ratio to growth rate), financial strength, and industry leadership to create its portfolio.

It benchmarks the performance of its portfolio against the CBOE S&P 500 Buy/Write Index. The fund conducts in-house research to make its investments.

It was formerly known as Madison/Claymore Covered Call & Equity Strategy Fund. Madison Covered Call & Equity Strategy Fund was formed on May 6, 2004 and is domiciled in the United States.

Madison Covered Call & Equity Strategy Fund
Madison Covered Call & Equity Strategy Fund logo
Country Canada
Founded 2004
Industry Asset Management
Sector Financials
CEO Kevin M. Robinson J.D.

Contact Details

Address:
550 Science Drive
Madison, Wisconsin 53711
United States
Phone 608-274-0300

Stock Details

Ticker Symbol MCN
Exchange NYSE
Reporting Currency USD
CIK Code 0001289868
CUSIP Number 557437100
ISIN Number US5574371002