Welcome to our dedicated page for Tri-Continental news (Ticker: TY), a resource for investors and traders seeking the latest updates and insights on Tri-Continental stock.
Tri-Continental Corporation reports news as a closed-end management investment company focused on long-term growth of capital and income while providing reasonable current income. Its investment approach includes an equity segment that uses quantitative models to select stocks and a flexible capital income segment that invests across corporate capital structures, including stocks, bonds and convertible securities.
Recurring developments include ordinary income and capital gain distributions on common stock, dividends on preferred stock, annual stockholder meeting results, director elections, auditor ratification and updates tied to Columbia Management Investment Advisers, LLC, the Corporation’s investment manager.
Tri-Continental (NYSE: TY) has declared its fourth quarter distributions. Common stockholders will receive an ordinary income distribution of $0.2850 per share and a capital gain distribution of $1.9520 per share, consisting of $0.3669 in short-term and $1.5851 in long-term gains. Preferred stockholders will receive $0.6250 per share. The distributions will be paid on December 23, 2024, for Common Stock and January 2, 2025, for Preferred Stock. Stockholders can elect to receive the capital gain distribution in various stock/cash combinations. The has maintained dividend payments on common stock for 80 consecutive years.
Tri-Continental (NYSE: TY) has declared its third quarter distribution for 2024. Common stockholders will receive $0.2914 per share, payable on September 23, 2024, while preferred stockholders will receive $0.6250 per share, payable on October 1, 2024. The ex-dividend date for both is September 13, 2024.
TY has maintained an impressive 80-year streak of consecutive dividend payments. The 's investment manager is Columbia Management Investment Advisers, , a subsidiary of Ameriprise Financial. Investors should note that TY's distributions may vary and closed-end funds often trade at a discount to their net asset value.
The employs quantitative methods for security selection and uses leverage through preferred stock, which can increase volatility. Potential investors are advised to carefully review the prospectus for detailed information on investment objectives, risks, and expenses before making investment decisions.
Tri-Continental (NYSE: TY) recently held its 94th Annual Meeting of Stockholders in Minneapolis, where stockholders approved the Board's recommendations on two key proposals. Directors Kathleen Blatz, Pamela G. Carlton, George S. Batejan, and David M. Moffett were elected to terms extending to the 2027 Annual Meeting. Additionally, PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the 2024 fiscal year. The is managed by Columbia Management Investment Advisers, Investors are advised to review the prospectus for detailed information on investment objectives, risks, charges, and expenses before investing.
Tri-Continental (NYSE: TY) declared a second quarter distribution of $0.2905 per share for Common Stock and $0.6250 per share for Preferred Stock. Additionally, a long-term capital gain distribution of $0.2878 per Common Stock share was announced. The Common Stock distribution will be paid on June 18, 2024, and the Preferred Stock distribution on July 1, 2024, to shareholders of record as of June 10, 2024. Shareholders have the option to receive the capital gain distribution in various combinations of cash and stock. The emphasized that current distributions are generated from earnings and profits, not a return of capital. The net asset value of the ’s shares may not align with market prices, and the investment carries stock market risks. The company is managed by Columbia Management Investment Advisers, a subsidiary of Ameriprise Financial.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.