XAI Madison Equity (NYSE:MCN) Stock, Quote.Headers.trade-ideas

Madison Covrd Call & Eqt

XAI Madison Equity Premium Income Fund is an investment management company. The Fund invests in an actively managed equity portfolio comprised of individual stocks and covered call options. The Fund's primary investment objective is to provide a high level of current income and gains, with a secondary objective of capital appreciation.

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XAI Madison Equity Premium Income Fund Common Shares

XAI Madison Equity Premium Income Fund

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Madison Covered Call &amp; Equity Strategy Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCN#NYSE">MCN</a>) ("MCN" or the "Fund") announced three significant changes today. The Fund appointed XA Investments LLC ("XAI") as its investment adviser, and it also retained Madison Asset Management, LLC ("Madison") as its sub-adviser. Additionally, the Fund announced that it would change its corporate name to XAI Madison Equity Premium Income Fund. The Fund expects to trade under its new name on or around December 9, 2024, and it will retain its current New York Stock Exchange ticker MCN.

Madison Covered Call & Equity Strategy Fund Announces Appointment Of XA Investments As Investment Adviser And Madison Asset Management As Sub-Adviser; Fund To Rebrand As XAI Madison Equity Premium Income Fund

Madison Covered Call & Equity Strategy Fund Shares Halted, News Pending

Madison Investments, a privately-held, independent investment management firm known for its expertise in actively managed, high-quality portfolios, today announced a strategic partnership with XA Investments (XAI). XAI is an alternative investment management and consulting firm. The agreement stipulates that XAI will become investment adviser to the Madison Covered Call and Equity Strategy Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCN#NYSE">MCN</a>), a&nbsp;$147 million&nbsp;listed closed-end fund. Madison Investments will maintain portfolio management responsibilities as sub-adviser to MCN. 
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The partnership with XAI allows Madison Investments to focus on investment management and its strategic growth priorities, including an investment lineup of separately managed accounts, open-end mutual funds, and active ETFs while ensuring the best interests of MCN&#39;s shareholders are upheld.

Madison Investments Partners with XA Investments to Enhance MCN Fund

Wednesday marks the last chance for investors to receive the next dividend payout from Madison Covrd Call &amp; Eqt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCN#NYSE">MCN</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 18 cents per share. On Thursday, Madison Covrd Call &amp; Eqt will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 18 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own MCN as of the end of Wednesday's session are eligible to receive the 18 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on September 30, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on Madison Covrd Call &amp; Eqt's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

Madison Covrd Call & Eqt: Dividend Insights

Monday marks the last chance for investors to receive the next dividend payout from Madison Covrd Call &amp; Eqt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCN#NYSE">MCN</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a quarterly dividend of $0.18 per share. On Tuesday, Madison Covrd Call &amp; Eqt will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.18 lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own MCN as of the end of Monday's session are eligible to receive the $0.18 dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 31, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

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