Madison Strategic Sector Premium Fund Board Meeting Update
11 11월 2017 - 2:29AM
Madison Asset Management (MAM) announced today that the newly
constituted Board for the Madison Strategic Sector Premium Fund
(MSP or Fund) (NYSE:MSP) met for the first time at MAM’s
offices on Wednesday, November 8, 2017. The Trustees of the
Fund are Jim Imhoff, Artie Regan, Dan Robeson and Rich Struthers,
each of whom is an “independent trustee,” as that term is defined
under the Investment Company Act. All of the Board members
were present and participated in the meeting. In addition to
the standard agenda items, the Board clarified its approach to
conflicts of interest and considered a non-binding shareholder
proposal (submitted in connection with the Annual Shareholders’
Meeting in August 2017) for MSP to engage in a self-tender
offer. With regard to conflicts of interest, the individual
Board members and the Board as a whole agreed that if any Board
member has a conflict, or the perception of a conflict, they would
recuse themselves from voting on any matters that relate to the
conflict. The Board reaffirmed its commitment to listening to
shareholder feedback and acting in the best interests of all
shareholders. To that end, the Board determined that
additional information was needed before it could take action on
the proposal. Specifically, the Board unanimously voted to direct
MAM to provide a detailed analysis of the effects a self tender at
varying levels would have on Fund expenses and liquidity, among
other things. The Board also directed MAM to provide
information on a number of alternative measures for Board
consideration that have the potential to reduce MSP’s discount
while potentially providing additional liquidity to shareholders,
thereby benefiting shareholders. The Board is expected
to consider these strategic options at its next meeting.
About Madison Asset Management, LLC
Madison Asset Management, LLC, a subsidiary of Madison
Investment Holdings, Inc., is MSP’s investment adviser. Its
affiliates include Madison Investment Advisors, LLC, with offices
in Madison, Wisconsin and Scottsdale, Arizona; and Hansberger
Growth Investors L.P., Toronto, Canada.
CONTACT:Madison Asset Management, LLCGreg Hoppe, Treasurer
gregh@madisonadv.com800-368-3195
Availability of Fund Updates
Madison Asset Management updates certain data for MSP in the
“Closed-end Funds” section of its website located at
www.madisonfunds.com. Investors and others are advised to check the
website for updated data and the release of other material
information about MSP. This reference to Madison Asset
Management’s website is intended to allow investors public access
to information regarding MSP and does not, and is not intended to,
incorporate this website into this release.
Forward-Looking Statements
This press release, and other statements that Madison Asset
Management or MSP may make, may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act,
with respect to MSP’s or Madison Asset Management’s future
financial or business performance, strategies or expectations.
Forward-looking statements are typically identified by words or
phrases such as “trend,” “potential,” “opportunity,” “pipeline,”
“believe,” “comfortable,” “expect,” “anticipate,” “current,”
“intention,” “estimate,” “position,” “assume,” “outlook,”
“continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and
similar expressions, or future or conditional verbs such as “will,”
“would,” “should,” “could,” “may” or similar expressions.
Madison Asset Management cautions that forward-looking
statements are subject to numerous assumptions, risks and
uncertainties, which change over time. Forward-looking statements
speak only as of the date they are made, and Madison Asset
Management assumes no duty to and does not undertake to update
forward-looking statements. Actual results could differ materially
from those anticipated in forward-looking statements and future
results could differ materially from historical performance.
The following factors, among others, could cause actual events
to differ materially from forward-looking statements or historical
performance: (1) changes and volatility in political, economic or
industry conditions, the interest rate environment, foreign
exchange rates or financial and capital markets, which could result
in changes in demand for MSP or in MSP’s net asset value or market
price; (2) the relative and absolute investment performance of MSP
and its investments; (3) the impact of increased competition; (4)
the unfavorable resolution of any legal proceedings; (5) the extent
and timing of any distributions, share repurchases or other
corporate actions; (6) the impact, extent and timing of
technological changes; (7) the impact of legislative and regulatory
actions and reforms; and (8) terrorist activities, international
hostilities and natural disasters, which may adversely affect the
general economy, domestic and local financial and capital
markets.
Annual and Semi-Annual Reports and other regulatory filings of
MSP are accessible on the Securities and Exchange Commission’s
website at www.sec.gov and on Madison Asset
Management’s website at www.madisonfunds.com, and
may discuss these or other factors that affect MSP.
Datto (NYSE:MSP)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Datto (NYSE:MSP)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024