Madison Covered Call and Equity Strategy Fund (MCN) Declares Quarterly Dividend

<p align="left">MADISON, Wis., Dec. 01, 2020 (GLOBE NEWSWIRE) -- The Madison Covered Call and Equity Strategy Fund (NYSE:MCN) (the “Fund”) declares its quarterly dividend of $0.18/share. The dividends will be payable December 30, 2020 to shareholders of record on December 16, 2020. The ex-dividend date will be December 15, 2020. 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 Fund’s 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.<br></p>

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