Contact Information: CONTACT: Press & Analyst Inquiries Madison Investment Advisors Larry Tabak 550 Science Drive, Madison, WI 53711 800-368-3195
Madison Strategic Sector Premium Fund (MSP) Declares Quarterly Dividend
| Source: Madison Investment Advisors
MADISON, WI--(Marketwire - December 1, 2008) - The Madison Strategic Sector Premium Fund (the
"Fund" or "MSP") (NYSE : MSP ) declares its quarterly dividend of $0.30 per
share payable December 31, 2008 to shareholders of record as of December
17, 2008. The ex-dividend date will be December 15, 2008. If it is
determined that a notification is required pursuant to Section 19(a) of the
Investment Company Act of 1940, as amended, such notice will be posted to
the Fund's website after the close of business three business days prior to
the payable date. If a distribution rate is largely comprised of sources
other than income, it may not be reflective of the Fund's performance.
The Fund's objective is to achieve a high level of current income and
current capital gains, with long-term capital appreciation as a secondary
objective. The Fund intends to pursue its objectives by investing in a
portfolio of common stocks and utilizing an option strategy, primarily by
writing (selling) covered call options on a substantial portion of the
individual common stocks in the portfolio in order to generate current
income and gains from option writing premiums and, to a lesser extent, from
dividends. Market action can impact dividend issuance as significant
decreases or increases in the Fund's total assets affects the Fund's future
dividend prospects.
The Fund provides a variety of information on its dedicated website at
www.madisonfunds.com. Madison Asset Management, LLC, a wholly-owned
subsidiary of Madison Investment Advisors, Inc., is the Fund's Investment
Advisor. Founded in 1974, the firm is independently owned and based in
Madison, Wisconsin. Madison manages the Madison Mosaic family of mutual
funds and its affiliates include Madison Scottsdale, LLC, specializing in
insurance company asset management and Concord Asset Management, focused on
investing for high net worth families and individuals in the Chicago,
Illinois area. Madison also is investment manager of another closed-end
fund, the Madison/Claymore Covered Call and Equity Strategy Fund (MCN).
Certain statements in this release are forward-looking statements. The
Fund's actual results may differ from current expectations or projections
due to numerous factors, including but not limited to changes in the equity
markets, changes in the portfolio's value, economic and political
conditions and other risks generally discussed in the Fund's filings with
the SEC. Neither the Fund nor Madison undertakes any obligation to publicly
update or revise any forward-looking statements.