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Madison Strategic Sector Premium Fund and Madison Covered Call & Equity Strategy Fund Announce Postponement of Special Meeting

MADISON STRATEGIC SECTOR PREMIER (MSP)  More Company Research Source: Marketwire
PDF MADISON, WI -- (Marketwired) -- 08/16/17 -- Madison Strategic Sector Premium Fund (MSP) and Madison Covered Call & Equity Strategy Fund (MCN) announced today that the joint special meeting (the "Special Meeting") of the shareholders of MSP and MCN originally scheduled to be held on August 18, 2017 to consider the proposed reorganization (the "Reorganization") of MSP into MCN has been postponed to September 15, 2017. The Boards took this action, in part, because at this time, it is not expected that MCN would be able to achieve a quorum by the meeting date. Further, the MSP Board noted that over 2.4 million shares or 41% of the fund remained unvoted and the Board felt it was important to obtain greater feedback on the Reorganization from its long-term retail shareholder base who would benefit from the Reorganization. The Boards noted that the Reorganization requires approval of both sets of shareholders and they continue to believe the Reorganization is in the best interest of MCN and [Read more]

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