UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

(Amendment No. ____)

Filed by the Registrant [X]

Filed by a Party other than the Registrant [ ]

Check the appropriate box:

[ ] Preliminary Proxy Statement.

[ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)).

[ ] Definitive Proxy Statement.

[ X ] Definitive Additional Materials.

[ ] Soliciting Material Pursuant to ss.240.14a-12.

MADISON COVERED CALL & EQUITY STRATEGY FUND

(Names of Registrant As Specified in its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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[X] No Fee Required.

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(1) Title of each class of securities to which transaction applies:_____________________________________________

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(Set forth the amount on which the filing fee is calculated and state how it was determined):_______________________

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[ ] Fee paid previously with preliminary materials.

[ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

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(4) Date Filed:___________________________________________________________________________________

Madison Covered Call & Equity Strategy Fund

SPECIAL MEETING OF SHAREHOLDERS

IMPORTANT SHAREHOLDER INFORMATION

Please vote promptly

VOTING IS QUICK AND EASY

Read the enclosed materials and vote by one of these four options:

Dear Shareholder: We recently sent you proxy materials concerning important proposals regarding your investment, which will be considered at the Special Meeting of Shareholders on November 30, 2023, at 9:30 a.m. local time. 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 Special Meeting on November 30, 2023. Thank you for your prompt attention to this matter. If you have already voted, we appreciate your participation. /s/ Patrick F. Ryan Patrick F. Ryan President, Madison Covered Call & Equity Strategy Fund

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