Madison Covered Call and Equity Strategy Fund (MCN)

MADISON, Wis., March 1, 2024 (Globe Newswire) — Madison Covered Call and Equity Strategy Fund (NYSE:MCN) (the “Fund”) announces a quarterly dividend of $0.18 per share. Dividends will be paid on March 28, 2024 to shareholders of record on March 15, 2024. The ex-dividend date will be March 14, 2024. If it is determined that a notice is required pursuant to section 19(a) relating to investments, the Corporations Act 1940 (as amended) requires that such notice be posted on the Fund’s website after close of business three business days prior to the date of payment. is published. If the distribution rate is primarily comprised of sources other than income, it may not reflect the performance of the Fund.

The Fund’s objective is to achieve high levels of ordinary income and ordinary capital gains, with long-term capital growth as a secondary objective. The Fund invests in a portfolio of common stocks and utilizes option strategies primarily by writing (selling) covered call options on a majority of the common stocks in the portfolio to generate ordinary income. , intends to pursue that objective. It comes from option creation premiums and, to a lesser extent, dividends. Market movements can affect dividend issuance because the fund’s total assets affect the fund’s future dividend prospects. The Fund provides additional information on its website at www.madisonfunds.com.

Certain statements in this release are forward-looking. The Fund’s actual results will depend on many factors, including but not limited to changes in the stock market, changes in the value of the portfolio, and other risks generally discussed in the Fund’s SEC filings. may differ from expectations and projections. Neither the Fund nor Madison undertakes any obligation to publicly update or revise any forward-looking statements.

“Madison” and/or “Madison Investments” are the unified trade names of Madison Investment Holdings, Inc., Madison Asset Management, LLC (“MAM”), and Madison Investment Advisors, LLC (“MIA”). MAM and MIA are registered as investment advisers with the U.S. Securities and Exchange Commission. Madison Funds are distributed by MFD Distributor, LLC. MFD Distributor, LLC is registered as a broker-dealer with the U.S. Securities and Exchange Commission and is a member firm of the Financial Industry Regulatory Authority. The headquarters of each of the above companies is located at 550 Science Drive, Madison, WI 53711. Madison’s toll-free number is 800-767-0300.