Tri-Continental Corporation Declares First Quarter Distribution

Rhea-AI Summary

Tri-Continental (NYSE: TY) has declared its first quarter distribution for 2025. The company announced an ordinary income distribution of $0.2766 per share for Common Stock, payable on March 26, 2025, and $0.6250 per share for Preferred Stock, payable on April 1, 2025. Both stockholders of record date and ex-dividend date are set for March 18, 2025.

The distribution aligns with the 's established policy, marking 81 consecutive years of dividend payments on common stock. The current distributions are derived from the 's earnings and profits, with no return of capital component. The investment manager for the is Columbia Management Investment Advisers, , a wholly-owned subsidiary of Ameriprise Financial, Inc.

Positive

• 81-year track record of consecutive dividend payments
• Distributions funded from earnings and profits
• No return of capital in current distribution

Negative

• None.

Insights

Financial Analyst

Tri-Continental 's declaration of its $0.2766 quarterly dividend for common shares and $0.6250 for preferred shares represents maintenance of its established distribution policy. This announcement underscores TY's remarkable 81-year consecutive dividend payment history, a noteworthy achievement in the closed-end fund space.

What makes this distribution particularly noteworthy is that it comes entirely from earnings and profits, with no return of capital component. This signals healthy underlying portfolio performance despite challenging market conditions many funds face.

For income-oriented investors, this consistent payment schedule provides predictable cash flow on the March 26 (common) and April 1 (preferred) payment dates. However, this announcement merely maintains the status quo rather than indicating any dividend growth trajectory.

The longevity of TY's dividend history suggests robust risk management and investment processes at Columbia Management Investment Advisers. Yet investors should note the fund's use of leverage through preferred stock, which can amplify both returns and losses in their diversified portfolio spanning fixed-income and convertible securities.

While this distribution continuity demonstrates operational stability, investors should evaluate TY's current yield against alternatives and consider its trading discount/premium relative to NAV when assessing its position in income portfolios. The closed-end structure frequently results in market prices diverging from underlying asset values, creating potential inefficiencies for strategic investors.

BOSTON--(BUSINESS WIRE)-- Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a first quarter ordinary income distribution of $0.2766 per share of Common Stock and $0.6250 per share of Preferred Stock. Distributions on Common Stock will be paid on March 26, 2025, to Common Stockholders of record on March 18, 2025, and dividends on Preferred Stock will be paid on April 1, 2025 to Preferred Stockholders of record on March 18, 2025. The ex-dividend date for both the Common Stock and the Preferred Stock is March 18, 2025. The $0.2766 per share ordinary income distribution on the Common Stock is in accordance with the Corporation’s distribution policy.

The Corporation has paid dividends on its common stock for 81 consecutive years. The Corporation’s investment manager is Columbia Management Investment Advisers, LLC, a wholly-owned subsidiary of Ameriprise Financial, Inc.

The Corporation’s distributions on common stock will vary. The Corporation’s current distributions (as estimated by the Corporation based on current information) are from the earnings and profits of the Corporation. No amount of the Corporation’s current distribution consists of a return of capital (i.e., a return of some or all of your original investment in the Corporation).

The net asset value of the Corporation’s common shares may not always correspond to the market price of such shares. Shares of many closed-end funds frequently trade at a discount from their net asset value. An investment in the Corporation is subject to stock market risk, which is the risk that market prices for the Corporation’s common shares may decline over short or long periods, adversely affecting the value of an investment in the Corporation.

Securities selected for the Corporation using quantitative methods may perform differently from the market as a whole, and there can be no assurance that this methodology will enable it to achieve its objective. The Corporation’s portfolio investments are subject to market risk, which may affect a single issuer, sector of the economy, industry or the market as a whole. Fixed-income investments, including convertible securities, are subject to credit risk, interest rate risk, and prepayment and extension risk. These risks may be more pronounced for longer-term securities and high-yield securities (“junk bonds”). In general, bond prices rise when interest rates fall and vice versa. Convertible securities are subject to both the risks of their security type prior to conversion as well as their security type after conversion. The Corporation’s use of leverage, including through its preferred stock, exposes it to greater risks due to unanticipated market movements, which may magnify losses and increase volatility of returns.

You should consider the investment objectives, risks, charges, and expenses of the Corporation carefully before investing. A prospectus containing information about the Corporation (including its investment objectives, risks, charges, expenses, and other information) may be obtained by contacting your financial advisor or the Corporation’s transfer agent at 800-345-6611 or visiting columbiathreadneedleus.com. The prospectus can also be found on the Securities and Exchange Commission’s EDGAR database. The prospectus should be read carefully before investing in the Corporation. There is no guarantee that the Corporation’s investment goals/objectives will be met or that distributions will be made, and you could lose money.

Tri-Continental Corporation is managed by Columbia Management Investment Advisers, LLC.

Columbia Threadneedle Investments is the global brand name of the Columbia and Threadneedle group of companies.

Past performance does not guarantee future results.

Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.

© 2025 Columbia Management Investment Advisers, LLC. All rights reserved.

columbiathreadneedleus.com

Adtrax # CTNA7700313.1-RUSH

View source version on businesswire.com: https://www.businesswire.com/news/home/20250307704006/en/

Stockholder contact:

800-345-6611, option 3

Media contact:

Lisa Feuerbach

lisa.feuerbach@columbiathreadneedle.com

Source: Tri-Continental Corporation

FAQ

What is the Q1 2025 dividend amount for Tri-Continental (TY) common shares?

TY declared a Q1 2025 ordinary income distribution of $0.2766 per share for Common Stock, payable March 26, 2025.

When is the ex-dividend date for TY's Q1 2025 distribution?

The ex-dividend date for both Common and Preferred Stock is March 18, 2025.

How long has Tri-Continental (TY) been paying dividends on common stock?

TY has maintained dividend payments on its common stock for 81 consecutive years.

What is the preferred stock dividend amount for TY in Q1 2025?

TY declared a preferred stock dividend of $0.6250 per share, payable on April 1, 2025.