Ameriprise Financial, Inc. - AMP STOCK NEWS

Tri-Continental Corporation (NYSE: TY) held its 92^nd 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.

Columbia Seligman Premium Technology Growth Fund (NYSE: STK) conducted its 12th Annual Meeting of Stockholders in Minneapolis, where stockholders voted positively on all proposals. Directors Douglas A. Hacker and Daniel J. Beckman were elected, with Minor M. Shaw and Sandra L. Yeager re-elected, all serving until the 2025 Annual Meeting. Additionally, stockholders ratified PricewaterhouseCoopers LLP as the independent public accounting firm for 2022. Investors are reminded to review the Fund's investment objectives, risks, and expenses carefully before investing.

Ameriprise Financial announced a donation of $2 million in grants to support communities in need, through its National Days of Service initiative. Employees, advisors, and clients will volunteer to combat hunger, addressing the needs of 38 million Americans, including 12 million children. The funding will be distributed to 105 nonprofits, with a notable $250,000 dedicated to Feeding America. Challenges including rising food costs and volunteer shortages further highlight the urgency of this support.

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).

AM Best has assigned a Long-Term Issue Credit Rating of a- (Excellent) to Ameriprise Financial's $500 million, 4.5% senior unsecured notes due May 13, 2032. The outlook is stable, with no changes to other ratings. Proceeds from the debt issuance will support general corporate purposes. Following this issuance, Ameriprise Financial’s adjusted financial leverage is projected to increase to 33%, remaining within rating guidelines. AM Best views the company's debt-servicing capabilities positively, noting strong liquidity and a favorable debt maturity structure.

Christine Gustafson, a Private Wealth Advisor, has joined Ameriprise Financial from UBS, bringing over $450 million in client assets. Operating in Phoenix, Gustafson's team focuses on customized wealth management for high-net-worth clients across the U.S. They value Ameriprise for its commitment to financial planning and advanced technology. With over 30 years of experience, Gustafson leads a five-person team dedicated to exceptional client service, aligning with Ameriprise’s values and vision for comprehensive financial planning, emphasizing personalized portfolio management.

Columbia Seligman Premium Technology Growth Fund (NYSE: STK) has declared a second-quarter distribution of $0.4625 per share, yielding 2.3125% quarterly (9.25% annualized) based on its $20.00 IPO price. As of April 30, 2022, this distribution amounts to 1.6401% (6.56% annualized) of its market price of $28.20. Payment is scheduled for May 24, 2022, with an ex-dividend date of May 13, 2022. The distribution comprises 100% net realized long-term capital gains. Since its inception, the Fund has had an average annual return of 14.60%

Columbia Threadneedle Investments has announced its seventh consecutive year as the title sponsor of the Boston Triathlon, taking place on July 23-24, 2022. As a premier global asset manager, Columbia Threadneedle aims to foster community engagement through the event, which includes various triathlon competitions for all ages. The firm is also partnering with Boston Medical Center as the official charity, focusing on initiatives to address health equity. Columbia Threadneedle manages $699 billion in assets across different markets.

Ameriprise Financial has appointed Dawn Wolfgram as Field Vice President, overseeing 385 independent advisors in Indiana and Illinois managing $31.5 billion in client assets. With over 30 years in wealth management, Wolfgram emphasizes the firm's commitment to advisor growth and support for women in finance. Her predecessor, Trish Moll, now leads the Mid-America region. Ameriprise has over 10,000 advisors, providing comprehensive financial services for over 125 years.