Yahoo! Finance: MCN News

Latest Financial News for MADISON/CLAYMORE

• MCN Announces Quarterly Dividend (Business Wire)

  (Mon, 3 Nov 2008 14:54:00 Etc/GMT)

  LISLE, Ill.----The Madison/Claymore Covered Call & Equity Strategy Fund , a closed-end management investment company, has declared its quarterly dividend of $0.24 per share, reflecting a reduction of $0.04 per share from the Fund’s most recent quarterly dividend.

• Fall Fund Picks (at Forbes.com)

  (Tue, 12 Aug 2008 17:15:00 Etc/GMT)

• In Pictures: Fall Fund Picks (at Forbes.com)

  (Tue, 12 Aug 2008 17:00:00 Etc/GMT)

• MADISON/CLAYMORE COVERED CALL & EQUITY STRATEGY FUND Financials (EDGAR Online Financials)

  (Thu, 5 Jun 2008 13:04:13 Etc/GMT)

• [$$] Options Mailbag: Another Look at Covered Calls (at RealMoney by TheStreet.com)

  (Fri, 2 May 2008 19:01:00 Etc/GMT)

Yahoo! Finance: MCN Financial Blogs

Latest Financial Financial Blogs for MADISON/CLAYMORE

MSN Money News - MCN

News about Madison/Claymore Covered Call Fund

• Take control of a losing portfolio

  (Wednesday, October 15, 2008 12:01 AM)

  It's time to make some radical changes to my positions to recover from the market's volatility.

MCN - News and Analysis from Seeking Alpha

'MCN' Tag RSS Syndication from SeekingAlpha.com

• Keep an Eye on Madison/Claymore Covered Call CEF

  (Thu, 27 Mar 2008 10:26:34 -0400)

  Thomas Smicklas submits:

  The Madison/Claymore Covered Call and Equity Strategy CEF (MCN) has been around since July of 2004 and has been somewhat of a stinker, earning the "coveted" 1 Star Rating from Morningstar. I have been screening a universe of potential investment funds that will provide solid income with a relatively conservative strategy. In spite of its pathetic Morningstar score, this CEF currently trades at an approximate 10.50% discount from its share price and may be a worthy candidate for the income oriented investor that needs a fund that will juice total returns once the market regains a bullish mode.

  MCN is designed

• An In Depth Look at the New Covered Call ETFs

  (Wed, 06 Jun 2007 05:35:21 -0400)

  Richard Shaw (QVM Group) submits: Several new ETFs were recently released offering the covered call strategy on different indices or types of securities. They include:

  Advent/Claymore Enhanced Growth&Income (LCM)
  Enhanced S&P 500 Covered Call Fund (BEO)
  Dow 30 Premium & Dividend Income (DPD)
  First Trust/Fiduciary Asset Management Covered Call Fund (FFA)
  Madison/Claymore Covered Call Fund (MCN)
  S&P 500 Covered Call Fund Inc (BEP)

  What do these funds do?
  Their techniques vary and they utilize covered call strategy to varying degrees ? enough to put them in the...

• BuyWrite ETN (BWV): A Buy -- If It Can Track The Index

  (Tue, 29 May 2007 11:41:29 -0400)

  Roger Nusbaum submits:

  Roger Nusbaum submits: A few days ago I wrote about the BuyWrite ETN (BWV) for RealMoney. My initial reaction is positive, but I do plan to give a couple of months before I make a final decision about buying it. If it can track the CBOE BuyWrite Index (^BXM), which I can't be certain of yet, I will probably buy it.

  The chart compares the BuyWrite index with the...

• How Defensive Funds Fare in a Downturn

  (Tue, 03 Apr 2007 17:58:02 -0400)

  Roger Nusbaum submits:

  Roger Nusbaum submits: I got to thinking it might be interesting to see how some of the low beta, high yielding, defensive investment products came through the recent dip. The following list is not comprehensive; feel free to add any of your own.

  ? Claymore Sabrient Defender ETF (DEF) was down 3.00% on February 27 and from the close on 2/26 to the close on March...

• Eye On Madison/Claymore Covered Call Fund

  (Thu, 21 Dec 2006 17:21:19 -0500)

  Alligator Investor submits: A well-balanced portfolio needs to have a variety of unrelated investments. I am always on the lookout for investment vehicles with a low correlation to existing assets which could dampen portfolio volatility and increase income. Earlier this year I was looking over the closed-end covered call funds and ended up buying some MCN.

  These funds buy dividend-paying large-cap stocks and write calls on the shares to generate additional income, sacrificing some of the stocks? upside potential to increase yield. There are other covered call funds, and they may be better than MCN, but that is...

• Covered Call Funds: Like Everything, Good in Moderation

  (Tue, 17 Oct 2006 18:46:37 -0400)

  Roger Nusbaum submits:

  Roger Nusbaum submits: The NY Times had an article about the covered call funds that were all the rage for a while and that I wrote about quite frequently in late 2004, early 2005 and a couple of times since. Like most articles on the topic the focus is on the various flaws and why this is not the right strategy for most folks.

  I think my take on these has been sort of unique. The concept...

• Van Kampen Offers an Alternative to Closed-End Covered Call Funds

  (Tue, 27 Jun 2006 05:00:04 -0400)

  I visited the Van Kampen website today and noticed that they are offering an open end fund that uses a covered call strategy, the Van Kampen Equity Premium Income Fund. This is the only recently launched open end fund I know of that utilizes a covered call strategy. It will be interesting to see how the performance of this fund compares with that of similar closed-end funds.

  For anyone who researches their own investments, the closed-end funds would probably be preferable because they won?t have the big sales charge and the recurring 12b-1 fees of the Van Kampen fund. Plus,...

• Further Thoughts On Call-Writing Closed-end Funds (BEP, FFA, IGD, JPZ, JSN, MCN, NFJ)

  (Wed, 15 Feb 2006 12:22:42 -0500)

  Geoff Considine (Quantext) submits: After a recent article that I wrote here on Closed-End Funds (CEF?s) that apply the strategy of writing covered calls against their portfolio holdings, I received a number of interesting responses, comments, and questions. My overall impression is that many investors (and potential investors) are somewhat confused about the nature of this strategy. I also note that this strategy is one that a number of wealth managers are suggesting for their clients. I recently listened to a couple of pitches that emphasized the value...

• Call-Writing Closed-end Funds: Hard To Judge Future Risk/Return (BEP, FFA, IGD, JPZ, JSN, MCN, NFJ)

  (Tue, 07 Feb 2006 13:49:08 -0500)

  Geoff Considine (Quantext) submits: There has been considerable discussion about closed-end funds that apply the strategy of writing covered calls. Roger Nusbaum has valuable insight into the features and challenges associated with these CEF?s (see articles on call-writing CEFs). The basic idea here is that you have a fund with two sources of income: premiums that you receive for selling call options and the dividend stream that you receive from owning the underlying stocks.

  As you start to look at these funds, it seems that there are two...

• Assessing Closed-end Call Writing Funds (CEF: MCN)

  (Mon, 23 Jan 2006 12:06:21 -0500)

  Roger Nusbaum submits:

  Roger Nusbaum submits: There is an article in Barron's about closed end call writing funds [summarized here]. The article was negative. As a group, the funds have not done well but are doing a little better lately. The conclusion that is made in the article about these funds being a bad way to go may turn out to be right or wrong. I have written about these funds a lot in the past...

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News for Madison/Claymore Cov. Call & Eq. Strat. - Google Finance

News for Madison/Claymore Cov. Call & Eq. Strat. - Google Finance

• MCN Announces Quarterly Dividend

  (Fri, 07 Nov 2008 18:01:15 GMT)
  MCN Announces Quarterly Dividend
  PR-Inside.com (Pressemitteilung) - Nov 7, 2008

  - The Madison/Claymore Covered Call & Equity Strategy Fund (NYSE: MCN), a closed-end management investment company, has declared its quarterly dividend of $0.24 per share, reflecting a reduction ...

• MCN Announces Quarterly Dividend

  (Mon, 03 Nov 2008 14:58:51 GMT)
  MCN Announces Quarterly Dividend
  Business Wire (press release) - Nov 3, 2008

  LISLE, Ill.--(BUSINESS WIRE)--The Madison/Claymore Covered Call & Equity Strategy Fund (NYSE: MCN), a closed-end management investment company, has declared its quarterly dividend of $0.24 per ...

• MCN Announces the Availability of Its Most Recent Semiannual Shareholder Report

  (Fri, 29 Aug 2008 18:49:00 GMT)
  MCN Announces the Availability of Its Most Recent Semiannual Shareholder Report
  Trading Markets (press release) - Aug 29, 2008

  LISLE, Ill., Aug 29, 2008 (BUSINESS WIRE) -- MCN | Quote | Chart | News | PowerRating -- Claymore announces the availability of the most recent semiannual shareholder report for the Madison ...

MarketWatch.com - All MarketWatch News - MCN

MarketWatch, a leading publisher of business and financial news, offers users up-to-the minute news, investment tools, and subscription products.

• Madison/Claymore ups quarterly div 3c to 33c

  (Tue, 01 Feb 2005 15:59:23 -0500)

  SAN FRANCISCO (MarketWatch) -- Madison/Claymore Covered Call Fund said Tuesday that it is raising its quarterly dividend 3 cents to 33 cents a share. The dividend will be paid on Feb. 28 to shareholders of record as of Feb. 15.

• Madison Claymore ups div 3c to 33c

  (Tue, 01 Feb 2005 15:57:19 -0500)

• Earnings Surprises: Earnings Surprises: Hadco shares rise on earnings report

  (Fri, 12 May 2000 17:17:00 -0500)

  Positive Surprises

• Movers & Shakers: Stocks to watch: UPM-Kymenne, Rhythms Connections, Safety-Kleen, and more

  (Fri, 12 May 2000 19:51:00 -0500)

  SCREAMER: Hussmann International shares skyrocketed 113 percent Friday after Ingersoll-Rand agreed to acquire the maker of merchandising and refrigeration systems for approximately $1.83 billion in cash. Hussmann rose 15 3/16 to close at 28 9/16 while Ingersoll-Rand shares inched up 3/8 to close at 46 1/16 on the ...

• Shares primed for gains

  (Mon, 14 Feb 2000 09:14:00 -0500)

  NEW YORK (CBS.MW) -- U.S. shares are readying for a positive start in a week that carries numerous events with market-moving potential.

• Market Snapshot: A tough road ahead

  (Fri, 11 Feb 2000 19:24:00 -0500)

  NEW YORK (CBS.MW) -- It was a horrible week for the Dow Industrials.

• Webstakes soars after adding clients

  (Mon, 20 Dec 1999 16:44:00 -0500)

  NEW YORK (CBS.MW) -- Webstakes rallied 40 percent after the company added a half-dozen new clients.

• Thom Calandra's StockWatch: Thom Calandra's StockWatch: Nasdaq -- casino for the next 100 years

  (Thu, 18 Nov 1999 15:50:00 -0500)

  NEW YORK (CBS.MW) -- Zap me. Been to Nasdaq lately?

• Movers & Shakers: Stocks to watch: Apache, Winnebago, QuadraMed and more

  (Tue, 05 Oct 1999 19:12:00 -0500)

  SCREAMER: Concur Technologies shares tumbled 20 1/16, or 61 percent, to close at 12 13/16 Tuesday after the provider of Web-based internal, corporate-administration services said fourth-quarter revenue will range $8.6 million to $9.2 million, well below analysts estimates of $12.3 million to $12.7 million. See Screamers.

• DTE Energy and MCN Energy in $4.6 billion merger

  (Tue, 05 Oct 1999 17:18:00 -0500)

  DETROIT (CBS.MW) -- Shares of MCN Energy Group soared 33 percent Tuesday after the major energy company said it'll be acquired by rival DTE Energy for $4.6 billion, or a 58 percent per share premium, in a deal that will create Michigan's largest electric and natural gas utility.

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