Columbia Seligman Premium Tech Growth Stock Price, News & Analysis

Columbia Seligman Premium Technology Growth Fund (NYSE: STK) has announced its first-quarter distribution of $0.4625 per share, representing a quarterly rate of 2.3125% (9.25% annualized) of the initial $20.00 IPO offering price from November 2009. Based on the current market price of $32.89, this equals a 5.62% annualized rate.

The distribution, payable on February 25, 2025, comprises 22.44% from net realized short-term capital gains ($0.1038) and 77.56% from net realized long-term capital gains ($0.3587), with no return of capital. The Fund's performance shows an impressive 18.88% average annual total NAV return for the 5-year period ended January 31, 2025, and a 15.31% average annual total NAV return since inception.

Columbia Seligman Premium Technology Growth Fund (NYSE: STK) has announced a special fourth quarter distribution of $3.2669 per share, beyond its regular quarterly managed distribution policy. This special distribution aims to avoid a 4% federal excise tax in 2024 by distributing excess income from the current fiscal year.

The distribution will be paid on January 21, 2025, to stockholders of record as of December 16, 2024. It will be automatically paid in stock, though stockholders can elect to receive cash by contacting their financial advisor or the Fund's servicing agent by January 10, 2025.

The distribution breakdown includes: 9.56% from net realized short-term capital gains ($0.3122) and 90.44% from net realized long-term capital gains ($2.9547). The Fund's 5-year average annual total NAV return through November 30, 2024, was 18.91%, with an annualized distribution rate of 5.92%.

Columbia Seligman Premium Technology Growth Fund (NYSE: STK) has announced its fourth-quarter distribution of $0.4625 per share, representing a quarterly rate of 2.3125% (9.25% annualized) of the initial $20.00 IPO offering price from November 2009. Based on the current market price of $32.73, this equals a 5.65% annualized rate. The distribution will be paid on November 26, 2024, to stockholders of record on November 18, 2024.

The distribution is comprised entirely of net realized long-term capital gains. For the year-to-date period, total distributions amount to $1.8500 per share. The Fund's five-year average annual total NAV return through October 31, 2024, stands at 18.02%, with an annualized distribution rate of 6.37%.

Columbia Seligman Premium Technology Growth Fund (NYSE: STK) has declared a third-quarter distribution of $0.4625 per share, equivalent to a 9.25% annualized rate for IPO investors. This distribution, payable on August 27, 2024, represents a quarterly rate of 1.3943% (5.58% annualized) based on the Fund's market price of $33.17 as of July 31, 2024.

Key points:

• Ex-dividend date: August 19, 2024
• 100% of the distribution comes from net realized long-term capital gains
• Year-to-date distributions total $1.3875 per share
• 5-year average annual total NAV return: 18.62%
• Annualized distribution rate (5-year period): 6.39% of NAV

The Fund's managed distribution policy allows for more frequent long-term capital gains distributions. Investors should note that distribution rates may exceed earnings, potentially resulting in a return of capital.

Today, Columbia Seligman Premium Technology Growth Fund (NYSE: STK) conducted its 14th Annual Meeting of Stockholders in Minneapolis. Stockholders approved the Board of Directors' proposals, which included re-electing Kathleen Blatz, Pamela G. Carlton, and George S. Batejan, as well as electing David M. Moffett, all for terms ending at the 2027 Annual Meeting. Additionally, Stockholders ratified PricewaterhouseCoopers LLP as the independent accounting firm for the 2024 fiscal year. The Fund is managed by Columbia Management Investment Advisers. Investors are advised to carefully review the Fund's reports and regulatory filings before investing, as investment products carry risks including potential loss of principal.

Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) announced a second-quarter distribution of $0.4625 per share, equal to a quarterly rate of 2.3125% of the offering price and 1.4929% of the market price. The distribution will be paid on May 21, 2024, to Stockholders of record on May 13, 2024. The Fund adopted a managed distribution policy allowing distributions of long-term capital gains more than once in any taxable year.