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 Corporation (NYSE: TY) announced a fourth quarter distribution of $0.2651 per share for Common Stock and $0.6250 for Preferred Stock. Additionally, a long-term capital gain distribution of $0.6213 per Common Stock share will occur. Payments will be made on December 20, 2022 for Common Stockholders and on January 3, 2023 for Preferred Stockholders. The company has a 78-year history of paying dividends, which are derived from its earnings with no return of capital.
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Tri-Continental Corporation (NYSE: TY) held its 92nd Annual Meeting of Stockholders in Minneapolis, Minnesota. Stockholders elected Directors Douglas A. Hacker and Daniel J. Beckman, and re-elected Minor M. Shaw and Sandra L. Yeager, all serving until the 2025 Annual Meeting. Additionally, they ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2022. The Corporation is managed by Columbia Management Investment Advisers, LLC, and potential investors are urged to review the investment objectives, risks, and expenses associated with the Corporation.
Tri-Continental Corporation (NYSE: TY) announced a second quarter ordinary income distribution of $0.2782 per share for Common Stock and $0.6250 for Preferred Stock, along with a capital gain distribution of $0.5289 per common share. Distributions will be paid on June 22, 2022, with an ex-dividend date of June 10, 2022. The company has consistently paid dividends for 78 years. The investment manager is Columbia Management Investment Advisers, LLC, a subsidiary of Ameriprise Financial, Inc. (NYSE: AMP).
The Board of Directors of Tri-Continental Corporation (NYSE: TY) has announced its 92nd Annual Meeting of Stockholders scheduled for June 21, 2022, in Minneapolis, MN. The record date for stockholders entitled to vote is set for April 12, 2022. Key agenda items include the election of 4 directors, ratification of PricewaterhouseCoopers LLP as the independent accounting firm for the fiscal year 2022, and other relevant matters. Details for access to the meeting will be included in a forthcoming notice and proxy statement.
Tri-Continental Corporation (NYSE: TY) announced an ordinary income distribution of $0.2700 for Common Stock and $0.6250 for Preferred Stock. Payments will be made on March 24, 2022 and April 1, 2022, respectively. With 78 consecutive years of dividend payments, these distributions are derived from earnings and profits, with no return of capital. The Corporation's investment manager is Ameriprise Financial, Inc. (AMP), associated with Columbia Management Investment Advisers, LLC (MVLCX).
Tri-Continental Corporation (NYSE: TY) announced a fourth quarter ordinary income distribution of $0.2996 per share of Common Stock and $0.6250 per share of Preferred Stock. Additionally, the Corporation declared a total capital gain distribution of $3.3110 per share of Common Stock, comprising short-term gains of $1.0304 and long-term gains of $2.2806. Distributions will be paid on December 23, 2021, for Common Stockholders of record as of December 15, 2021.
The Corporation has paid dividends for 77 consecutive years.
Summary not available.
Tri-Continental Corporation (NYSE: TY) held its 91st Annual Meeting of Stockholders, where stockholders voted unanimously for the Board of Directors' recommendations. Two Directors, Ms. Sandra Yeager and Mr. Christopher O. Petersen, were elected, along with the re-election of Mr. George S. Batejan, Ms. Kathleen Blatz, and Ms. Pamela G. Carlton. Their terms will last until the 2022 and 2024 Annual Meetings, respectively. Additionally, stockholders ratified PricewaterhouseCoopers LLP as the Corporation's independent public accounting firm for 2021.
Tri-Continental Corporation (NYSE: TY) announced its second-quarter ordinary income distribution of $0.2388 per share for Common Stock and $0.6250 for Preferred Stock. Additionally, a long-term capital gain distribution of $0.2966 per share of Common Stock was declared. Payments for Common Stock will occur on June 24, 2021, while Preferred Stock dividends will be paid on July 1, 2021. The Corporation has a 77-year history of paying dividends on its common stock and is managed by Columbia Management Investment Advisers.