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Madison Covered Call and Equity Strategy Fund (MCN)

Specialty Equity Funds - Covered Call Funds

Data as of Nov. 30, 2022
Market Price $7.73 (+ $0.39)
NAV (Nov. 30, 2022) $7.28 (+ $0.10)
Fund Listed NYSE
Premium / Discount 6.18% (+3.95%)
Fund Info
Inception July 28, 2004
Sponsor Madison Asset Management
Website http://madisonfunds.co...
Phone 800.767.0300
Location Wisconsin
Incorporated Delaware
Staggered Board Yes
Objective: High current income and gains; large and mid-capitalizations stocks and writing covered calls
Related Indexes
High Income Index
Covered Call / Option Funds Index
Capital & Leverage
Outstanding Shares 21,007,619
Total Assets (Reported: June 30, 2022) $142M
Estimated Total Assets $153M
Net Assets $153M
Market Cap $162M
Portfolio Turnover 40.00%
Total Leverage 0.00%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.08%
Non Lev Exp Ratio 1.08%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) -1.95%
Discount Low(3 Yr) -23.85%
Discount High(3 Yr) 15.13%
Discount Rel Range (3 Yr) 77.05%
Comp Discount 6.67
Discount St Dev (1Yr) 4.19
Z-Stat (6mo) 0.46
Z-Stat (1Yr) 0.54
Z-Stat (3Yr) 1.04
Comp Z-Stat (6mo) 0.59
Comp Z-Stat (3Yr) 0.51
Distribution Data
Market Yield 9.31%
Income Yield 0.72%
Lev Adj NAV Yield 9.89%
Distribution Frequency Q
Current Distribution $0.180
Current Income $0.014
Ex-Date 9/15/22
Payable Date 9/30/22
Div Growth (3yr) 0.00%
Dividend Change -8.3% on 2/1/10
Expected Div 12/1/22
RoC (1yr) 21.39%
RoC (3yr) 24.12%
Volume & Liquidity
Average Daily $ (K) $744
Avg Volume 30 day 61,432
Avg Volume 90 day 96,219
Volume Trend -36.15%
Comp Volume Trend -28.51%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Covered Call / Option Funds Index
Most Correlated Peer (Mk Pr): DIAX 76.0%
NAV - Price Correlation (30 d) 37.5%
NAV - Price Correlation (90 d) 86.7%
NAV - Price Correlation (1 Yr) 78.7%
Price St Dev (1Yr) 25.5%
NAV St Dev (1Yr) 16.7%
Earnings / Share (6/30/22) $0.009
Earn Coverage 4.94%
Earnings Trend Up
UNII / Share (6/30/22) $-0.342
Rel UNII -611.07
UNII Trend Up
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Covered Call / Option Funds Index


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

The following information applies to closed-end funds and business development companies 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 (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) 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 and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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