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2020 Madison Funds Tax Information

Capital Gain Distributions

Throughout the year, mutual funds realize gains and losses from selling securities held in their portfolios.  Mutual funds are required to distribute the net realized gains from these sales to shareholders each year.  If there are distributions to be paid, they will be declared to shareholders of record and distributed with the year-end ordinary dividends on the dates noted below.  Short-term capital gains distributions are taxed like ordinary income.
 
As of September 30, 2020, the Madison Funds’ estimated year-end capital gains distributions are as follows:

  Capital Gains Per Share ($)
  Short-Term Long-Term
  Madison Aggressive Allocation Fund  None $0.85 - $0.87
  Madison Conservative Allocation Fund $0.09 - $0.11 $0.39 - $0.41
  Madison Core Bond Fund  $0.03 - $0.05 $0.15 - $0.17
  Madison Covered Call & Equity Income Fund  $0.01 - $0.03 None
  Madison Diversified Income Fund None $0.19 - $0.21
  Madison Dividend Income Fund  None None
  Madison High Quality Bond Fund $0.002 - $0.004 $0.01 - $0.03
  Madison International Stock Fund  None $0.61 - $0.63
  Madison Investors Fund  $0.04 - $0.06 $2.12 - $2.14
  Madison Mid Cap Fund None $0.01 - $0.03
  Madison Moderate Allocation Fund  $0.03 - $0.05 $0.82 - $0.84
  Madison Small Cap Fund  None $0.98 - $1.00
  Madison Tax-Free National Fund  None None
  Madison Tax-Free Virginia Fund  None $0.006 - $0.008

Distribution rate projections for the Madison Funds will be updated in early December. 
 
Actual amounts are based on gains and losses realized by the funds through October 31.


Distribution of Ordinary Income Dividends

When mutual funds earn interest or dividends from securities held in their portfolios, it subtracts fund expenses and passes this “ordinary income” on to shareholders. Shareholders are notified on Form 1099-DIV (mailed in late January) of the actual amounts of any capital gains or ordinary income dividend distributions.


2020 Distribution Calendar

The distribution schedule for year-end ordinary income dividends and capital gains for the Madison Funds is noted below. Click here to view our printer-friendly version. 
 
Funds Distribution Frequency Declaration Date Record
Date
Ex/Reinvest/
Payable Date
Type
  • Core Bond Fund: 
         Class A (MBOAX; 110), 
         Class B (MBOBX; 210),
         Class Y (MBOYX; 6610)
  • Diversified Income Fund: 
         Class A (MBLAX; 111), 
         Class B (MBLNX; 211),
         Class C (MBLCX; 511)
  • Tax-Free National Fund
         Class Y (GTFHX; 6397)
  • Tax-Free Virginia Fund
         Class Y (GTVAX; 6394)
Monthly 01/29/2020 01/30/2020 01/31/2020 Income
02/26/2020 02/27/2020 02/28/2020 Income
03/27/2020 03/30/2020 03/31/2020 Income
04/28/2020 04/29/2020 04/30/2020 Income
05/27/2020 05/28/2020 05/29/2020 Income
06/26/2020 06/29/2020 06/30/2020 Income
07/29/2020 07/30/2020 07/31/2020 Income
08/27/2020 08/28/2020 08/31/2020 Income
09/28/2020 09/29/2020 09/30/2020 Income
10/28/2020 10/29/2020 10/30/2020 Income
11/25/2020 11/27/2020 11/30/2020 Income
12/21/2020 12/22/2020 12/23/2020 Income & Cap Gains
  • Covered Call & Equity Income Fund: 
         Class A (MENAX; 1155),
         Class C (MENCX; 555),
         Class Y (MENYX; 6655),
         Class R6 (MENRX; 755)
  • Dividend Income Fund:
         
    Class A (MADAX; 1779),
         Class Y (BHBFX; 6401),
         Class I (MDMIX;8801)
  • High Quality Bond Fund:
         Class Y (MIIBX; 6391)
Quarterly 03/27/2020 03/30/2020 03/31/2020 Income
06/26/2020 06/29/2020 06/30/2020 Income
09/28/2020 09/29/2020 09/30/2020 Income
12/21/2020 12/22/2020 12/23/2020 Income & Cap Gains
  • Conservative Allocation Fund: 
         Class A (MCNAX; 165),
         Class B (MCNBX; 265),
         Class C (MCOCX; 565)
Quarterly 03/27/2020 03/30/2020 03/31/2020 Income
06/26/2020 06/29/2020 06/30/2020 Income
09/28/2020 09/29/2020 09/30/2020 Income
12/28/2020 12/29/2020 12/30/2020 Income & Cap Gains
  • International Stock Fund: 
         Class A (MINAX; 122),
         Class B (MINBX; 222),
         Class Y (MINYX; 6622)
  • Investors Fund:
         Class A (MNVAX; 199), 
         Class Y (MINVX; 6399),
         Class R6 (MNVRX; 796),
         Class I (MIVIX; 8899)
  • Mid Cap Fund:
         Class A (MERAX; 123), 
         Class B (MERBX; 223),
         Class Y (GTSGX; 6623), 
         Class R6 (MMCRX; 723),
         Class I (MDCIX; 8823)
  • Small Cap Fund: 
         Class A (MASMX; 124), 
         Class Y (BVAOX; 6624)
Annual 12/23/2020 12/24/2020 12/28/2020 Income & Cap Gains
  • Aggressive Allocation Fund:
         Class A (MAGSX; 167),
         Class B (MAGBX; 267),
         Class C (MAACX; 567)
  • Moderate Allocation Fund:
         Class A (MMDAX; 166),
         Class B (MMDRX; 266),
         Class C (MMDCX; 566)
Annual 12/28/2020 12/29/2020 12/30/2020 Income & Cap Gains


Forms 8937
Form 8937 – Broadview merger into Small Cap Fund​