Welcome to our dedicated page for Columbia Seligman Premium Technology Growth Fund news (Ticker: STK), a resource for investors and traders seeking the latest updates and insights on Columbia Seligman Premium Technology Growth Fund stock.
Columbia Seligman Premium Technology Growth Fund, Inc. (STK) is a prominent closed-end management investment company with the primary objective of seeking capital growth and current income. Managed by Columbia Management Investment Advisers, LLC, a wholly-owned subsidiary of Ameriprise Financial, Inc., this fund adeptly invests across various sectors including consumer discretionary, industrials, information technology, and telecommunication services.
Columbia Threadneedle Investments, the global brand for Columbia and Threadneedle group of companies, oversees a substantial portfolio, managing assets worth $506 billion as of December 31, 2014. The firm boasts a robust team of over 2,000 professionals, including more than 450 investment experts located across North America, Europe, and Asia. This widespread expertise enables Columbia Seligman Premium Technology Growth Fund, Inc. to leverage diverse market opportunities and deliver on its investment objectives.
Recent achievements for STK include strategic investments in emerging market equities and fixed income, which have contributed to the fund’s overall growth and stability. The fund’s diversified approach helps mitigate risks while capitalizing on potential market gains. Current projects focus on enhancing the fund’s technology and telecommunications portfolio, aiming to maximize returns in these rapidly evolving sectors.
By continually assessing market trends and adjusting strategies accordingly, Columbia Seligman Premium Technology Growth Fund, Inc. remains a significant player in the investment landscape. Investors looking for a balanced mix of growth and income may find this fund particularly appealing, given its commitment to delivering consistent performance and leveraging global market opportunities.
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.
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