Madison/Claymore Covered Call & Equity Strategy (MCN) 7.93

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Madison/Claymore Covered Call & Equity Strategy (MCN) 7.93 $MCN

Madison Strategic Sector Premium Fund (MSP) and Madison Covered Call and Equity Strategy Fund (MCN) Declare Quarterly Dividends
Marketwire Canada - Thu Sep 01, 4:26PM CDT
MADISON, WI--(Marketwired - September 01, 2016) - The Madison Strategic Sector Premium Fund (NYSE: MSP) declares its quarterly dividend of $0.26/share and the Madison Covered Call and Equity Strategy Fund (NYSE: MCN) declares its quarterly dividend of $0.18/share. The dividends will be payable September 30, 2016 to shareholders of record on September 16, 2016. The ex-dividend date will be September 14, 2016. If it is determined that a notification is required pursuant to Section 19(a) of the Investment Company Act of 1940, as amended, such notice will be posted to the funds' respective website after the close of business three business days before the payable date. If a distribution rate is largely comprised of sources other than income, it may not reflect fund performance.
MSP: 11.84 (-0.07), MCN: 7.93 (+0.05)

Madison Asset Management Announces Postponement of the Reorganization of Madison Covered Call & Equity Strategy Fund Into Madison Strategic Sector Premium Fund
Marketwire Canada - Wed Jun 08, 4:06PM CDT
MADISON, WI--(Marketwired - June 08, 2016) - Madison Asset Management, LLC and the Board of Trustees of each of Madison Covered Call & Equity Strategy Fund (NYSE: MCN) and Madison Strategic Sector Premium Fund (NYSE: MSP) (each a "Fund" and together, the "Funds" announced today that the Boards of Trustees have decided to postpone seeking shareholder approval of the previously announced reorganization of MCN into MSP at this time. Given the recent reduction in the discounted value of the Funds' respective share prices to their net asset value per share and feedback from shareholders, each Fund's Board, on the recommendation of management, has determined it is in the best interests of the Funds' shareholders to further evaluate the benefits of a reorganization. At this time, management and the Boards intend to re-evaluate the various strategies and options to support the Funds and narrow the discounts, and will provide further information if and/or when a determination is made to proceed with the reorganization or implement another option.
MSP: 11.84 (-0.07), MCN: 7.93 (+0.05)

Madison Asset Management Announces Board Approval of the Reorganization of Madison Covered Call & Equity Strategy Fund into Madison Strategic Sector Premium Fund
Marketwire Canada - Mon May 09, 3:31PM CDT
MADISON, WI--(Marketwired - May 09, 2016) -  Madison Asset Management, LLC announced today that the Board of Trustees of each of Madison Covered Call & Equity Strategy Fund (NYSE: MCN) and Madison Strategic Sector Premium Fund (NYSE: MSP) (each a "Fund" and together, the "Funds" approved the reorganization of MCN into MSP, with the anticipation that MSP will be the surviving Fund (the "Reorganization". The Board of Trustees of each Fund anticipates that the Reorganization will benefit shareholders of each Fund. In approving the Reorganization, the Trustees considered, among other things, each Fund's common investment objectives, income-generating strategy and expenses, common management, reduced expense structure of the surviving Fund, potential cost savings based on operational efficiencies, increased trading volume and the opportunity to reduce the market discount of the Funds' prices from their net asset values per share. The Reorganization will permit Fund MCN shareholders to pursue substantially similar investment objectives in a larger fund that has similar investment policies and anticipated lower expenses.
MSP: 11.84 (-0.07), MCN: 7.93 (+0.05)

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