Madison Covered Call & Equity Strategy Fund Files 8-K

TL;DR

Madison Covered Call & Equity Strategy Fund filed a routine 8-K on 10/15/24, no major news.

AI Summary

On October 15, 2024, Madison Covered Call & Equity Strategy Fund filed an 8-K report. The filing primarily concerns other events and financial statements/exhibits, with no specific material events or transactions detailed in the provided text. The fund is incorporated in Delaware and based in Madison, Wisconsin.

Why It Matters

This 8-K filing indicates routine reporting for the Madison Covered Call & Equity Strategy Fund, suggesting no immediate significant corporate actions or financial disclosures beyond standard requirements.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for routine reporting and does not disclose any material events, risks, or significant financial changes.

Key Numbers

• 20241015 — Report Date (Date of earliest event reported)

Key Players & Entities

• Madison Covered Call & Equity Strategy Fund (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• Madison, Wisconsin (location) — Business address

FAQ

Filing Documents

• ea0217693-01_8k.htm (8-K) — 32KB
• ea021769301_ex99-1.htm (EX-99.1) — 17KB
• ex99-1_001.jpg (GRAPHIC) — 2KB
• 0001213900-24-087885.txt ( ) — 226KB
• mcn-20241015.xsd (EX-101.SCH) — 3KB
• mcn-20241015_lab.xml (EX-101.LAB) — 33KB
• mcn-20241015_pre.xml (EX-101.PRE) — 22KB
• ea0217693-01_8k_htm.xml (XML) — 3KB

01. Other Events

Item 8.01. Other Events Newly Constituted Board of Trustees At a special meeting of shareholders held on October 15, 2024 (the "Special Meeting"), shareholders of Madison Covered Call & Equity Strategy Fund (the "Fund") voted to elect five trustee nominees, including one of the Fund's current trustees. The newly elected board of trustees includes Danielle Cupps, Gregory Dingens, Philip G. Franklin, Scott C. Jones and William Meyers (the "New Board"). The newly elected trustees and their term of service are described in detail in the Fund's Proxy Statement filed with the Securities and Exchange Commission on August 7, 2024. It is expected that concurrent with the Transaction (as described herein), the Fund's current board of trustees will resign and will be replaced by the New Board upon the closing of the Transaction, which is expected to occur in December 2024. New Investment Advisory Agreement and New Sub-Advisory Agreement Also at the Special Meeting, shareholders approved a new investment advisory agreement (the "New Advisory Agreement") between the Fund and XA Investments LLC ("XAI"), and a new investment sub-advisory agreement (the "New Sub-Advisory Agreement" and together with the New Advisory Agreement, the "New Agreements") among the Fund, XAI and Madison Asset Management, LLC ("Madison"). Under the New Advisory Agreement, XAI will be responsible for the Fund's overall management and investment strategy. Madison will continue, under the New Sub-Advisory Agreement, to provide day-to-day portfolio management for the Fund. The Fund's investment strategy and overall fee structure to shareholders will remain unchanged. The Transaction and Closing The New Advisory Agreement and New Sub-Advisory Agreement will be entered into upon the closing of a transaction whereby Madison will transfer the books and records of the Fund to XAI (the "Transaction"). The Transaction is structured to comply with the non-exclusive safe harbor provisions of Section 15(f) of

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release, dated October 15, 2024 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MADISON COVERED CALL & EQUITY STRATEGY FUND Date: October 15, 2024 By: /s/ Steven J. Fredricks Name: Steven J. Fredricks Title: Chief Legal Officer & Chief Compliance Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR