Madison Covered Call & Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in reasonably priced growth (GARP) stocks of large and mid-cap companies. It also writes covered call options to make its investments. The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on such factors as PEG ratios (price-earnings ratio to growth rate), financial strength, and industry leadership to create its portfolio. It benchmarks the performance of its portfolio against the CBOE S&P 500 Buy/Write Index. The fund conducts in-house research to make its investments. It was formerly known as Madison/Claymore Covered Call & Equity Strategy Fund. Madison Covered Call & Equity Strategy Fund was formed on May 6, 2004 and is domiciled in the United States.

Madison Covered Call & Equity Strategy Fund

XA Investments LLC ("XAI") is a Chicago-based firm founded by XMS Capital Partners in April 2016. In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds (including interval funds and listed closed-end funds) to meet our asset management client needs. XAI offers custom product build and consulting services, including development and market research, sales, marketing, fund management and administration. XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers. XAI provides individual investors with access to institutional-caliber alternative managers. For more information, please visit www.xainvestments.com.

XA Investments LLC

On Oct 4th, Benjamin McCulloch will be leading the Blue Vault ALTS Day discussion on interval fund market trends and developments. Check out the agenda to learn more.

Benjamin McCulloch, XA Investments LLC General Counsel, contributed to a new FundFire Alts article on the implications to the interval fund market of a change to the SEC’s definition of accredited investor. “A lot of [semi-liquid] funds that have come to the market over the last four to five years are suitable for accredited investors,” he explains, noting that a change in the definition would impact managers of interval funds aimed at accredited investors.

To read the full article, please click here: https://lnkd.in/eDrapRXi

#IntervalFunds #SemiLiquidFunds

XFLT, the XAI Octagon Floating Rate & Alternative Income Term Trust, reaches $500mm in total managed assets. For more info, please see the press release.

https://lnkd.in/eSC7hbc6

How to Launch an Interval Fund: XA Investments LLC, Faegre Drinker, PINE Advisor Solutions and U.S. Bank are hosting panel discussions and cocktails on Monday, November 13th in NYC. Interval fund industry experts will discuss best practices when launching an interval fund. Asset managers please reach out to info@xainvestments.com if you are interested in attending.

#IntervalFunds

Blue Vault interviewed Kimberly Ann Flynn, CFA on the key differences between interval funds and mutual funds.  

https://lnkd.in/gaxdQCx8

XFLT, the XAI Octagon Floating Rate & Alternative Income Term Trust, declared its September 2023 distribution. For more info, please see the press release.

https://lnkd.in/gvrzP22X

As investor demand for sustainable investment strategies grows, managers are seeking out new sources of permanent capital and new ways to offer strategies to investors. The interval fund market and the London-listed fund market have seen numerous sustainability-focused funds launch in recent years, as both structures are well-suited to alternative and less liquid investments.

In late July, XA Investments LLC hosted an event focused on this topic, featuring a panel of industry experts who shared their insights on sustainable investing and trends in new product launches. To read about the event, visit our website at the following link: https://lnkd.in/e4jfxwG4

#SustainableInvestments #IntervalFunds #XAIConsulting

XFLT announced its upcoming quarterly investor update on August 22, 2023. For more information on the XAI Octagon Floating Rate & Alternative Income Term Trust and to register for the webinar, please see our press release or visit our website.

https://lnkd.in/gfAUudKj

As the interval fund market continues to mature, an increasing number of fund sponsors are coming back to the market to launch additional funds. The interval fund market now has 33 fund sponsors (27.5% of all fund sponsors) with at least two interval funds. See below for a list of the top ten repeat interval fund sponsors by total interval fund AUM.

For more information on the interval fund and tender offer fund marketplace, request a copy of the XA Investments LLC Quarterly Market Update for CEFs and Non-Listed Funds at info@xainvestments.com or via our website: https://lnkd.in/gJ-yKzBy. The in-depth report provides actionable insights and consolidated data, including market statistics, IPOs, recent fund filings, sponsor data, and market overview.

#IntervalFunds #TenderOfferFunds

In 2Q23, the UK investment companies market welcomed the first Main Market investment company IPO since December 2021. Funds in the London-Listed secondary market continued to trade at wider-than-average discounts and raised £952 million throughout H1 2023, compared with £4.04 billion raised by existing investment companies in H1 2022. See below for the full XA Investments LLC Q2 2023 London-Listed Investment Companies Market Update.

To be included in the distribution list for the quarterly London-Listed investment companies market update, please contact info@xainvestments.com. Those looking to learn more about the London market can also read our white paper here: https://lnkd.in/g9bDudYF

#InvestmentCompanies #LondonStockExchange

	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
account payables			1.70M -	143.64K 91.55%	46.27K 67.79%	9.19M 19,761.98%	2.18M 76.29%		118K -	3.92M 3,222.42%
accumulated other comprehensive income loss	600K -	-15.50M 2,683.33%	-6.30M 59.35%	-8.80M 39.68%
cash and cash equivalents										-38.49M -
cash and short term investments										38.49M -
common stock				19.27K -	20.95K 8.71%
deferred revenue
deferred revenue non current
deferrred tax liabilities non current
goodwill
goodwill and intangible assets
intangible assets
inventory
long term debt
long term investments	183.80M -	164.10M 10.72%	166.10M 1.22%	167.12M 0.61%	146.38M 12.41%	167.58M 14.48%	154.32M 7.91%	159.47M 3.34%	149.92M 5.99%	117.49M 21.63%
net debt										38.49M -
net receivables				82.55K -	183.41K 122.18%	393.08K 114.31%	112.41K 71.40%	82.61K 26.51%	230.97K 179.58%	77.48K 66.45%
other assets	186.60M -	166M 11.04%	169.50M 2.11%	8.13K 100.00%		140.10K -				156.06M -
other current assets										-38.57M -
other current liabilities			-1.70M -	-143.64K 91.55%	-46.27K 67.79%	-9.19M 19,761.98%	-2.18M 76.29%		-118K -	-3.92M 3,222.42%
other liabilities	-100K -		-1.60M -	-252.48K 84.22%	1.78M 806.76%				1.76M -	-3.92M 322.90%
other non current assets	-183.80M -	-164.10M 10.72%	-166.10M 1.22%	-167.12M 0.61%	-146.38M 12.41%	-167.58M 14.48%	-154.32M 7.91%	-159.47M 3.34%	-149.92M 5.99%	-117.49M 21.63%
other non current liabilities			7.30M -	7.84M 7.45%	46.27K 99.41%				118K -	7.43M 6,194.47%
othertotal stockholders equity	203.30M -	190.20M 6.44%	176.90M 6.99%	169.86M 3.98%	185.49M 9.20%	180.25M 2.83%	175.56M 2.60%	173.29M 1.29%	173.54M 0.14%	168.82M 2.72%
preferred stock
property plant equipment net
retained earnings	-25.10M -	-11.30M 54.98%	-8.50M 24.78%	-1.70M 80%	-40.82M 2,301.41%	-26.29M 35.61%	-27.09M 3.05%	-17.07M 36.97%	-25.38M 48.66%	-20.19M 20.44%
short term debt
short term investments										38.49M -
tax assets
tax payables
total assets	186.60M -	166M 11.04%	169.60M 2.17%	167.21M 1.41%	146.56M 12.35%	168.11M 14.70%	154.43M 8.14%	159.55M 3.32%	150.15M 5.89%	156.06M 3.93%
total current assets				82.55K -	183.41K 122.18%	393.08K 114.31%	112.41K 71.40%	82.61K 26.51%	230.97K 179.58%
total current liabilities	200K -	100K 50%	1.80M 1,700%	243.64K 86.46%	46.27K 81.01%	9.19M 19,761.98%	2.18M 76.29%		118K -	3.92M 3,222.42%
total debt
total investments	183.80M -	164.10M 10.72%	166.10M 1.22%	167.12M 0.61%	146.38M 12.41%	167.58M 14.48%	154.32M 7.91%	159.47M 3.34%	149.92M 5.99%	155.98M 4.04%
total liabilities	7.80M -	2.60M 66.67%	7.50M 188.46%	7.83M 4.46%	1.88M 76.04%	9.19M 389.59%	2.18M 76.29%		1.99M -	7.43M 272.34%
total liabilities and stockholders equity	186.60M -	166M 11.04%	169.60M 2.17%	167.21M 1.41%	146.56M 12.35%	168.11M 14.70%	154.43M 8.14%	159.55M 3.32%	150.15M 5.89%	156.06M 3.93%
total non current assets			100K -	167.12M 167,021.29%	146.38M 12.41%	167.58M 14.48%	154.32M 7.91%	159.47M 3.34%	149.92M 5.99%
total non current liabilities	7.70M -	2.50M 67.53%	7.30M 192%	7.84M 7.45%	46.27K 99.41%				118K -	7.43M 6,194.47%
total stockholders equity	178.80M -	163.40M 8.61%	162.10M 0.80%	159.38M 1.68%	144.69M 9.22%	153.96M 6.41%	148.48M 3.56%	156.22M 5.22%	148.16M 5.16%	148.63M 0.32%

COM:XAINVESTMENTS

XA Investments LLC

Last Close

7.01

22/11 21:00

Market Cap

150.69M

Beta: -

Volume Today

89.30K

Avg: -

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