- PR Newswire•yesterday
CLEVELAND, Feb. 28, 2017 /PRNewswire/ -- Ancora Advisors LLC announced today that it has sent the attached letter to the Board of Trustees of Madison Strategic Sector Premium Fund (MSP). The letter, written by Ancora's Chief Executive Officer and Executive Chairman Mr. Fred DiSanto, states that the Board of Trustees erred not only in its decision to not act upon the matters recommended in the approved shareholder proposal to open-end or liquidate the Fund, but also failed to effectively announce this decision to shareholders, as there was only a limited release on the Fund's website and extremely limited external distribution (in fact the release cannot be located on most major news aggregators including Bloomberg LP). The letter also notes that another shareholder recently submitted (and publicly filed) a new Rule 14a-8 shareholder proposal that if approved by investors would be binding and result in the termination of the Fund's investment adviser. Ancora indicates that considering the recent comedy of errors exhibited by MSP's adviser and the Board of Trustees, Ancora believes that shareholders would be best served if the Fund's investment adviser was terminated, as Ancora has lost confidence in the adviser's ability to effectively manage a publicly traded fund.
- Marketwired•3 months agoMadison Strategic Sector Premium Fund (MSP) and Madison Covered Call and Equity Strategy Fund (MCN) Declare Quarterly Dividends
The Madison Strategic Sector Premium Fund declares its quarterly dividend of $0.26/share and the Madison Covered Call and Equity Strategy Fund declares its quarterly dividend of $0.18/share. The dividends ...
- Marketwired•5 months agoMadison Strategic Sector Premium Fund Corrects Announcement of Voting Results From 2016 Annual Shareholder Meeting
Madison Strategic Sector Premium Fund announced a correction to the voting results of its 2016 annual shareholder meeting held on September 8, 2016 that were previously reported on September 13, 2016. ...
MSP : Summary for Madison Strategic Sector Premiu - Yahoo Finance
Madison Strategic Sector Premium Fund (MSP)
NYSE - NYSE Real Time Price. Currency in USD
Add to watchlist
|Day's Range||12.18 - 12.28|
|52 Week Range||10.92 - 12.41|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||818.89|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|