Columbia Seligman Premium Technology Growth Fund, Inc. - STK STOCK NEWS

Columbia Seligman Premium Technology Growth Fund (NYSE: STK) has announced its fourth-quarter distribution of $0.4625 per share, representing a quarterly rate of 2.3125% (9.25% annualized) of the initial $20.00 IPO offering price from November 2009. Based on the current market price of $32.73, this equals a 5.65% annualized rate. The distribution will be paid on November 26, 2024, to stockholders of record on November 18, 2024.

The distribution is comprised entirely of net realized long-term capital gains. For the year-to-date period, total distributions amount to $1.8500 per share. The Fund's five-year average annual total NAV return through October 31, 2024, stands at 18.02%, with an annualized distribution rate of 6.37%.

Columbia Seligman Premium Technology Growth Fund (NYSE: STK) has declared a third-quarter distribution of $0.4625 per share, equivalent to a 9.25% annualized rate for IPO investors. This distribution, payable on August 27, 2024, represents a quarterly rate of 1.3943% (5.58% annualized) based on the Fund's market price of $33.17 as of July 31, 2024.

Key points:

• Ex-dividend date: August 19, 2024
• 100% of the distribution comes from net realized long-term capital gains
• Year-to-date distributions total $1.3875 per share
• 5-year average annual total NAV return: 18.62%
• Annualized distribution rate (5-year period): 6.39% of NAV

The Fund's managed distribution policy allows for more frequent long-term capital gains distributions. Investors should note that distribution rates may exceed earnings, potentially resulting in a return of capital.

Today, Columbia Seligman Premium Technology Growth Fund (NYSE: STK) conducted its 14th Annual Meeting of Stockholders in Minneapolis. Stockholders approved the Board of Directors' proposals, which included re-electing Kathleen Blatz, Pamela G. Carlton, and George S. Batejan, as well as electing David M. Moffett, all for terms ending at the 2027 Annual Meeting. Additionally, Stockholders ratified PricewaterhouseCoopers LLP as the independent accounting firm for the 2024 fiscal year. The Fund is managed by Columbia Management Investment Advisers. Investors are advised to carefully review the Fund's reports and regulatory filings before investing, as investment products carry risks including potential loss of principal.

Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) announced a second-quarter distribution of $0.4625 per share, equal to a quarterly rate of 2.3125% of the offering price and 1.4929% of the market price. The distribution will be paid on May 21, 2024, to Stockholders of record on May 13, 2024. The Fund adopted a managed distribution policy allowing distributions of long-term capital gains more than once in any taxable year.

Columbia Seligman Premium Technology Growth Fund, Inc. (STK) announces its 14th Annual Meeting of Stockholders on June 25, 2024, in Minneapolis, MN. Stockholders will vote on director elections, ratification of the independent registered public accounting firm, and other matters. The Fund is managed by Columbia Management Investment Advisers, LLC.

Columbia Seligman Premium Technology Growth Fund, Inc. (STK) declared a first-quarter distribution of $0.4625 per share, equal to 2.3125% quarterly and 9.25% annualized of the offering price. The distribution date is February 27, 2024. The Fund's managed distribution policy allows for more frequent long-term capital gains distributions. The Fund's annualized distribution rate stands at 7.05% for the 5-year period.

Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) declared a special fourth quarter distribution of $0.2669 per share, exceeding its typical quarterly managed distribution policy. The distribution aims to avoid a 4% federal excise tax in 2023. Stockholders of record on December 18, 2023, will receive the distribution on January 23, 2024. The capital gain distribution will be paid in stock, but stockholders may elect to receive it in cash by January 12, 2024. The Fund anticipates a subsequent distribution in February.

Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) has declared a fourth-quarter distribution of $0.4625 per share, equal to a quarterly rate of 2.3125% (9.25% annualized) of the $20.00 offering price. The distribution will be paid on November 21, 2023, to Stockholders of record on November 13, 2023.

Columbia Seligman Premium Technology Growth Fund, Inc. (STK) declared a third-quarter distribution of $0.4625 per share, representing a quarterly rate of 2.3125% (9.25% annualized) of the $20.00 offering price and 1.49% (5.96% annualized) of the Fund’s market price. The distribution will be paid on August 22, 2023, to Stockholders of record on August 14, 2023. The distribution breakdown includes 30.44% net realized long-term capital gains and 69.56% return of capital. The Fund's average annual total NAV return for the 5-year period is 17.08%, and the annualized distribution rate is 7.36%.