MADISON COVERED CALL & EQUITY STRATEGY FUND ANNUAL MEETING OF SHAREHOLDERS SEPTEMBER 28, 2018 IMPORTANT SHAREHOLDER INFORMATION PLEASE VOTE PROMPTLY | ||||
VOTING IS QUICK AND EASY | ||||
Dear Shareholder: We recently sent you proxy materials concerning important proposals regarding your investment, which will be considered at the Annual Meeting of Shareholders on September 28, 2018 at the offices of the Fund, 550 Science Drive, Madison, Wisconsin. This letter was sent to you because you held shares on the record date and we have not received your vote. Your vote is critical to this process. Please vote prior to the Annual Meeting on September 28, 2018. Thank you for your prompt attention to this matter. If you have already voted, we appreciate your participation. /s/ Katherine L. Frank Katherine L. Frank President Madison Covered Call & Equity Strategy Fund |  |