Madison Covered Call & Eq Strat:MCN

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$8.45$8.045.10%
    52 Wk Avg$6.74$7.17-6.40%
    52 Wk High$8.45$8.045.10%
    52 Wk Low$5.44$6.32-14.88%
    Regular Distribution TypeIncome Only
    Distribution Rate8.52%
    Distribution Amount$0.1800
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Funds primary investment objective is to provide a high level of current income and current gains, with a secondary objective of long-term capital appreciation. Under normal market conditions, the Fund will invest at least 65% of its total assets in common stocks of large capitalisation issuers that meet the Funds selection criteria. The Fund may invest the remainder of its total assets in companies that meet the Funds growth and value criteria but whose market capitalisation is considered as middle sized. The Fund may invest up to 15% of its total assets in US dollar-denominated securities of foreign issuers.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$168.413M
    Total Common Assets:$168.413M
    Common Shares Outstanding:20,946,924
    Leverage

    As of 12/31/2009

    Preferred Share Assets:
    Total Debt (USD): $0.010M
    Regulatory Leverage (USD): $0.010M
    Effective Leverage (USD): $0.010M
    Effective Leverage (%): 0.01%
    Annual Expense Ratios

    As of 12/31/2020

      Per Common Share
    Management Fees0.80%
    Other Expenses:0.27%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 1.07%
    Fund Management

    Fund Sponsor
    Madison Asset Management, LLC

    Portfolio Managers
    Frank E. Burgess, Ray DiBernardo

    Basics
    Category: Equity-Covered-Call Funds
    Ticker: MCN
    NAV Ticker: XMCNX
    Average Daily Volume (shares): 93,151
    Average Daily Volume (USD): $0.628M
    Inception Date: 7/28/2004
    Inception Share Price: $15.00
    Inception NAV: $14.30
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 6/11/2021

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 12/31/2020
    $0.0124
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    8.96%
    Total Return on NAV (12 months):
    As of 6/11/2021
    35.34%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    0.01%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-0.50%
    1 Year-6.40%
    3 Year-7.98%
    5 Year-7.70%
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month2.30
    6 Month1.92
    1 Year1.81
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF Covered Call

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD23.79%14.81%17.53%11.99%
    202015.61%8.61%4.93%7.90%
    201919.95%17.44%28.63%22.38%
    2018-11.98%-8.53%-11.75%-7.93%
    20179.94%7.20%23.10%16.38%
    201614.63%7.99%8.90%8.17%
    2015-0.63%-0.96%1.86%0.11%
    20148.48%6.47%7.53%4.80%
    201317.17%17.95%19.68%17.79%
    201211.73%8.29%14.03%10.09%
    2011-9.90%-4.32%-8.50%-0.23%
    201010.35%9.59%10.02%9.66%
    200960.45%38.59%45.18%23.14%
    2008-38.42%-34.43%  
    2007-17.00%-3.94%  
    200611.90%10.34%  
    20058.57%6.42%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 5/31/2021
    Category: Morningstar US CEF Covered Call

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 4/30/2021
    30
    Annual Portfolio Turnover:
    As of 12/31/2020
    128.00%
    Asset Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 4/30/2021 reported by Fund Sponsor

    Sector%Portfolio
    Cash Equivalents (Super Sector)40.42%
    Cash Equivalents40.42%
    Sensitive (Super Sector)25.53%
    Cyclical (Super Sector)19.38%
    Defensive (Super Sector)16.13%
    Basic Materials11.40%
    Energy8.97%
    Financial Services7.99%
    Communication Services7.93%
    Healthcare7.71%
    Top Holdings

    As of 4/30/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    T-Mobile US Inc$5.52M3.43%
    CVS Health Corp$5.41M3.36%
    PayPal Holdings Inc$5.25M3.26%
    Visa Inc Class A$5.14M3.19%
    Barrick Gold Corp$5.02M3.12%
    Microsoft Corp$4.54M2.82%
    Comcast Corp Class A$4.49M2.79%
    JM Smucker Co$4.15M2.58%
    Honeywell International Inc$4.13M2.56%
    Canadian Natural Resources Ltd$3.82M2.37%
    Country Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity50.76%
    Canada - Equity8.30%
    Australia - Equity0.31%
    South Africa - Equity0.16%
    China - Equity0.08%
    Others - Equity0.05%
    Peru - Equity0.02%
    New Zealand - Equity0.01%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-1456789PR-Y1220W