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.
The Board of Directors of Tri-Continental Corporation (NYSE: TY) announced that the 91st Annual Meeting of Stockholders will occur virtually on June 11, 2021. The record date for stockholder eligibility is set for April 20, 2021. Stockholders will vote on the election of two directors, re-election of three directors, and the ratification of PricewaterhouseCoopers LLP as the independent accounting firm for fiscal year 2021. Further details will be provided in a proxy statement to be filed with the SEC.
Tri-Continental Corporation (NYSE: TY) announced a first quarter ordinary income distribution of $0.2455 per share for Common Stock and $0.6250 for Preferred Stock. Payments will be made on March 25, 2021, for Common Stockholders and April 1, 2021, for Preferred Stockholders, with an ex-dividend date of March 16, 2021. The company has a history of paying dividends for 77 consecutive years. The current distribution is based on earnings and profits without capital return. Investors should be aware of stock market risks and the potential for trading at a discount to net asset value.
Tri-Continental Corporation (NYSE: TY) has announced its fourth quarter ordinary income distribution of $0.2679 per share for Common Stock and $0.6250 per share for Preferred Stock. Additionally, a long-term capital gain distribution of $0.3506 per share for Common Stock is declared, with payment set for December 24, 2020. Shareholders have options for receiving the capital gain as a mix of cash and stock. The Corporation has a long history of paying dividends, with 76 consecutive years to date. Notably, market risks could affect the Corporation's share prices.