Ameriprise Financial, Inc. - AMP STOCK NEWS

Columbia Threadneedle Investments announced that its funds, Columbia Dividend Income Fund and Columbia Global Technology Growth Fund, received the 2023 U.S. Refinitiv Lipper Fund Awards. The awards recognize the two funds for their top performance in their respective categories over 10 years, with the technology fund noted for its best risk-adjusted returns for three consecutive years. Columbia Threadneedle manages $584 billion in assets and focuses on delivering consistent results to help clients meet financial goals.

Ameriprise Financial, Inc. (NYSE: AMP) announced that 67 of its financial advisors have been recognized in the 2023 Barron’s “Top 1,200 Financial Advisors” list. These rankings highlight advisors' ethical standards, professionalism, and business success, based on data from over 4,000 advisors. Bill Williams and Pat O’Connell from Ameriprise expressed pride in the commitment and passion of their advisors, emphasizing the importance of their partnership in delivering exceptional client experiences. The complete list is available on Barron’s.com.

The Board of Directors of Columbia Seligman Premium Technology Growth Fund (NYSE: STK) announced its 13th Annual Meeting of Stockholders on June 20, 2023, in Minneapolis, MN. The record date for voting rights is set for April 11, 2023. During the meeting, stockholders will elect Ms. Janet Langford Carrig and re-elect three other directors: Mses. Patricia M. Flynn, Catherine James Paglia, and Mr. Brian J. Gallagher. Additionally, they will vote on the ratification of PricewaterhouseCoopers LLP as the Fund’s independent accounting firm for the 2023 fiscal year. Full details will be provided in a notice of meeting and proxy statement to be filed with the SEC.

The Board of Directors of Tri-Continental Corporation (NYSE: TY) has announced its 93rd Annual Meeting of Stockholders, scheduled for June 20, 2023, in Minneapolis, MN. The record date for stockholders entitled to vote is April 11, 2023. Key agenda items include the election of one new director, Janet Langford Carrig, and the re-election of three existing directors for continued service until 2026. Additionally, the selection of PricewaterhouseCoopers LLP as the accounting firm for the 2023 fiscal year will be ratified. Detailed information will be provided in a forthcoming notice and proxy statement.

AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to Ameriprise Financial's recently announced $750 million, 5.15% 10-year senior unsecured notes due May 15, 2033. The stable outlook on this rating indicates a solid financial positioning. The proceeds will likely be used to repurchase existing $750 million, 4.0% unsecured notes maturing in October 2023. While debt leverage will temporarily increase, it is expected to return to the 30% range. Ameriprise holds a strong liquidity position with $6.9 billion in cash equivalents and reported $2.6 billion pre-tax adjusted operating income for 2022.

Ameriprise Financial (NYSE: AMP) and Comerica Bank (NYSE: CMA) have formed a strategic partnership where Ameriprise will become Comerica's new investment program provider. This agreement includes transitioning specific insurance, brokerage, and investment advisory services to Ameriprise’s Financial Institutions Group. The transaction is set to close by year-end. Comerica’s wealth management division oversees approximately $195 billion in assets, with $18 billion managed by securities. This collaboration aims to enhance services for Comerica's financial advisors and boost client satisfaction through Ameriprise's technology and support.

Tri-Continental Corporation (NYSE: TY) announced a first-quarter ordinary income distribution of $0.2900 per share for Common Stock and $0.6250 per share for Preferred Stock. Common Stockholders will receive their dividends on March 21, 2023, with a record date of March 13, 2023. Preferred Stockholders will be paid on April 3, 2023, also with a record date of March 13, 2023. The Corporation has consistently paid dividends on its Common Stock for 79 years. However, market risks and variations in distributions may affect investors' returns.

Ameriprise Financial (NYSE: AMP) announced that 135 of its financial advisors were recognized in Forbes' "Top Women Wealth Advisors Best-In-State" list, highlighting their ethical standards, professionalism, and client retention. Pat O’Connell, EVP, praised the achievements of these women, emphasizing their commitment to exceptional client service. Ameriprise's strategy focuses on supporting women in finance through initiatives like the Women’s Empowerment Network and Advisor Summits. With over 125 years of experience, Ameriprise aims to meet the diverse financial needs of individual and institutional investors, supported by a network of around 10,000 advisors.

Ameriprise Financial (NYSE: AMP) is hosting the Career Compass event on February 23 to attract women into finance careers. The initiative aims to help women at various career stages, including those returning to the workforce or recent graduates. Registration for the virtual event is now open. Following the event, attendees can explore job opportunities at Ameriprise, including programs like the Advisor Career Development Program and becoming an Associate Financial Advisor. Since its inception in 2020, the Career Compass series has assisted hundreds of women, underscoring Ameriprise's commitment to diversity in financial services.