Madison Covered Call & Equity Strategy Fund (MCN) To Go Ex-Dividend on June 15th

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) declared a monthly dividend on Friday, May 29th. Shareholders of record on Monday, June 15th will be given a dividend of 0.06 per share by the investment management company on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 12.5%. The ex-dividend date of this dividend is Monday, June 15th.

Madison Covered Call & Equity Strategy Fund Stock Performance

NYSE MCN opened at $5.74 on Friday. Madison Covered Call & Equity Strategy Fund has a one year low of $5.65 and a one year high of $6.39. The firm’s fifty day moving average is $5.87 and its two-hundred day moving average is $5.94.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Arlington Capital Management Inc. increased its stake in shares of Madison Covered Call & Equity Strategy Fund by 8.1% during the first quarter. Arlington Capital Management Inc. now owns 26,834 shares of the investment management company’s stock worth $156,000 after acquiring an additional 2,004 shares during the period. Procyon Advisors LLC increased its stake in shares of Madison Covered Call & Equity Strategy Fund by 4.6% during the first quarter. Procyon Advisors LLC now owns 51,686 shares of the investment management company’s stock worth $301,000 after acquiring an additional 2,265 shares during the period. Royal Bank of Canada increased its stake in shares of Madison Covered Call & Equity Strategy Fund by 5.9% during the first quarter. Royal Bank of Canada now owns 44,179 shares of the investment management company’s stock worth $271,000 after acquiring an additional 2,447 shares during the period. World Equity Group Inc. increased its stake in shares of Madison Covered Call & Equity Strategy Fund by 2.4% during the first quarter. World Equity Group Inc. now owns 113,928 shares of the investment management company’s stock worth $664,000 after acquiring an additional 2,698 shares during the period. Finally, Independent Wealth Network Inc. increased its stake in shares of Madison Covered Call & Equity Strategy Fund by 6.6% during the fourth quarter. Independent Wealth Network Inc. now owns 63,039 shares of the investment management company’s stock worth $378,000 after acquiring an additional 3,907 shares during the period.

About Madison Covered Call & Equity Strategy Fund

Madison Covered Call & Equity Strategy Fund (NYSE: MCN) is a closed-end management investment company designed to provide investors with total return through a blend of current income and capital appreciation. Listed on the New York Stock Exchange, the Fund pursues its objective by investing primarily in equity securities of U.S. companies and employing an options overlay to enhance income generation.

The Fund’s investment approach centers on fundamental analysis to identify large- and mid-cap stocks with attractive risk/return profiles.