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Madison Strategic Sector Premium Fund
Madison Strategic Sector Premium Fund (ticker: MSP) is a closed-end management investment company that is listed on the New York Stock Exchange. The fund focuses on investing in equity securities of companies in sectors and industries that the investment advisor believes offer attractive growth potential. These sectors and industries may include, but are not limited to, technology, healthcare, consumer discretionary, and financials.
As a closed-end fund, MSP raises a fixed amount of capital through an initial public offering (IPO) and then trades on an exchange like a stock. The price of the shares is determined by market demand and supply and may trade at a premium or discount to the net asset value (NAV) of the fund.
In terms of financial performance, MSP reported a net asset value (NAV) of $16.39 as of December 31, 2022. The fund's total return for the year ended December 31, 2022, was -11.55%. The fund's annual report for the year ended December 31, 2022, is not yet available, so more recent financial performance data is not available.
Regarding growth, MSP seeks long-term growth of capital by investing in companies with above-average growth potential. The fund invests in both U.S. and non-U.S. companies, and the portfolio is diversified across various sectors and industries. However, as with all investments, there is no guarantee of growth or positive returns.
In summary, Madison Strategic Sector Premium Fund (ticker: MSP) is a closed-end fund that invests in equity securities of companies in sectors and industries with attractive growth potential. The fund's financial performance, including NAV and total return, was negative for the year ended December 31, 2022. However, the fund seeks long-term growth of capital by investing in companies with above-average growth potential. As with any investment, potential investors should carefully review the fund's prospectus and consider their own investment objectives, risk tolerance, and financial situation before investing.