Columbia Seligman Premium Technology Growth Fund Announces a Fourth Quarter Distribution: 9.25% Annual Rate for IPO Investors
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%.
Il Columbia Seligman Premium Technology Growth Fund (NYSE: STK) ha annunciato la sua distribuzione del quarto trimestre di $0.4625 per azione, che rappresenta un tasso trimestrale del 2.3125% (9.25% annualizzato) sul prezzo iniziale di offerta pubblica iniziale di $20.00 risalente a novembre 2009. Sulla base del prezzo di mercato attuale di $32.73, ciò equivale a un tasso annualizzato del 5.65%. La distribuzione sarà pagata il 26 novembre 2024, agli azionisti registrati il 18 novembre 2024.
La distribuzione è composta interamente da guadagni di capitale a lungo termine netti realizzati. Nel periodo dall'inizio dell'anno, le distribuzioni totali ammontano a $1.8500 per azione. Il rendimento totale medio annuale del NAV del Fondo negli ultimi cinque anni fino al 31 ottobre 2024 è pari a 18.02%, con un tasso di distribuzione annualizzato del 6.37%.
El Columbia Seligman Premium Technology Growth Fund (NYSE: STK) ha anunciado su distribución del cuarto trimestre de $0.4625 por acción, lo que representa una tasa trimestral del 2.3125% (9.25% anualizada) sobre el precio inicial de oferta pública inicial de $20.00 de noviembre de 2009. Con base en el precio de mercado actual de $32.73, esto equivale a una tasa anualizada del 5.65%. La distribución se pagará el 26 de noviembre de 2024, a los accionistas registrados el 18 de noviembre de 2024.
La distribución está compuesta enteramente por ganancias de capital a largo plazo netas realizadas. En el período hasta la fecha, las distribuciones totales ascienden a $1.8500 por acción. El rendimiento total promedio anual del NAV del Fondo durante los últimos cinco años hasta el 31 de octubre de 2024 es del 18.02%, con una tasa de distribución anualizada del 6.37%.
컬럼비아 셀리그먼 프리미엄 기술 성장 펀드 (NYSE: STK)가 분기 배당금으로 $0.4625 per 주식을 발표했습니다. 이는 2009년 11월의 초기 공모가 $20.00에 대해 분기 기준으로 2.3125% (연율 9.25%)를 나타냅니다. 현재 시장 가격인 $32.73을 기준으로 할 때, 이는 연율 5.65%에 해당합니다. 배당금은 2024년 11월 26일에 지급되며, 2024년 11월 18일 기준의 주주에게 지급됩니다.
이번 배당금은 모두 순수 장기 자본 이익으로 구성되어 있습니다. 올해 누적 배당금은 $1.8500 per 주식에 달합니다. 이 펀드의 지난 5년간 평균 연간 NAV 총 수익률은 2024년 10월 31일 기준으로 18.02%이며, 연간 배당금 지급 비율은 6.37%입니다.
Le Columbia Seligman Premium Technology Growth Fund (NYSE: STK) a annoncé sa distribution pour le quatrième trimestre de $0.4625 par action, représentant un taux trimestriel de 2.3125% (9.25% annualisé) par rapport au prix d'offre publique initiale de $20.00 de novembre 2009. Sur la base du prix actuel du marché de $32.73, cela équivaut à un taux annualisé de 5.65%. La distribution sera versée le 26 novembre 2024, aux actionnaires enregistrés le 18 novembre 2024.
La distribution est entièrement composée de gains en capital à long terme réalisés nets. Pour l'année en cours, les distributions totales s'élèvent à $1.8500 par action. Le rendement total moyen annuel du NAV du Fonds sur cinq ans jusqu'au 31 octobre 2024 est de 18.02%, avec un taux de distribution annualisé de 6.37%.
Der Columbia Seligman Premium Technology Growth Fund (NYSE: STK) hat seine Ausschüttung für das vierte Quartal von $0.4625 pro Aktie angekündigt, was einem Quartalsatz von 2.3125% (jährlich 9.25%) des ursprünglichen IPO-Preises von $20.00 aus November 2009 entspricht. Basierend auf dem aktuellen Marktpreis von $32.73 entspricht dies einem annualisierten Satz von 5.65%. Die Ausschüttung wird am 26. November 2024 an Aktionäre gezahlt, die am 18. November 2024 im Register stehen.
Die Ausschüttung besteht vollständig aus realisierten Nettogewinnen aus langfristigen Kapitalgewinnen. Für den Zeitraum seit Jahresbeginn belaufen sich die Gesamtausschüttungen auf $1.8500 pro Aktie. Die durchschnittliche jährliche Gesamtrendite des NAV des Fonds über die letzten fünf Jahre bis zum 31. Oktober 2024 beträgt 18.02%, mit einer annualisierten Ausschüttungsrate von 6.37%.
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The distribution will be paid on November 26, 2024 (the Payment Date) to Stockholders of record on November 18, 2024. The ex-dividend date is November 18, 2024. It is anticipated that the Fund will make a subsequent distribution under its managed distribution policy in the month of February. Additionally, it is currently anticipated that the Fund will make a subsequent distribution prior to this year’s end so that the Fund will not incur the federal excise tax applicable to funds that do not distribute all of their annual income (including net gains) before the end of their fiscal year.
Prior to the managed distribution policy, the Fund paid distributions pursuant to a level rate distribution policy. Under its former distribution policy and consistent with the Investment Company Act of 1940, as amended, the Fund could not distribute long-term capital gains more often than once in any one taxable year.
In October 2010, the Fund received exemptive relief from the Securities and Exchange Commission that permits the Fund to make periodic distributions of long-term capital gains more often than once in any one taxable year. After consideration by the Fund’s Board, the Fund adopted the current managed distribution policy which allows the Fund to make distributions of long-term capital gains more than once in any taxable year.
The following table sets forth the estimated breakdown of the distribution noted above, on a per share basis, from the following sources: net investment income; net realized short-term capital gains; net realized long-term capital gains; and return of capital or other capital source.
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Breakdown of Distribution |
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Sources |
% |
US Dollar |
Net Investment Income |
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Net Realized Short-Term Capital Gains |
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Net Realized Long-Term Capital Gains |
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Return of Capital or other Capital Source |
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Total |
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The following table sets forth the estimated breakdown, on a per share basis, of all distributions made by the Fund during the year-to-date period ended on the Payment Date of the above distributions (includes the distribution payment noted in the table above) from the following sources: net investment income; net realized short-term capital gains; net realized long-term capital gains; and return of capital or other capital source.
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Breakdown of All Distributions Paid Through
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Sources |
% |
US Dollar |
Net Investment Income |
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Net Realized Short-Term Capital Gains |
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Net Realized Long-Term Capital Gains |
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Return of Capital or other Capital Source |
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Total |
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In certain years since the Fund’s inception, the Fund has distributed more than its income and net realized capital gains, which has resulted in Fund distributions substantially consisting of return of capital or other capital source. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” As of the payment date of the current distribution, all Fund distributions paid in 2024 (as estimated by the Fund based on current information) are from the earnings and profits of the Fund and not a return of capital. This could change during the remainder of the year, as further described below.
The amounts, sources and percentage breakdown of the distributions reported above are only estimates and are not being provided for, and should not be used for, tax reporting purposes. The actual amounts, sources and percentage breakdown of the distribution for tax reporting purposes, which may include return of capital, will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations.
The following table sets forth (i) the average annual total return of a share of the Fund’s common stock at net asset value (NAV) for the 5-year period ended October 31, 2024 and (ii) the Fund’s annualized distribution rate, for the same period, expressed as a percentage of the NAV price of a share of the Fund’s common stock at October 31, 2024.
Average Annual Total NAV Return for the 5-year Period Ended October 31, 2024
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Annualized Distribution Rate as a Percentage of October 31, 2024 NAV Price
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The following table sets forth (i) the average annual total return of a share of the Fund’s common stock at net asset value (NAV) for the period since inception of Fund investment operations through the period noted and (ii) the Fund’s annualized distribution rate, for the same period, expressed as a percentage of the NAV price of a share of the Fund’s common stock at October 31, 2024. Average annual total return of a share of the Fund’s common stock at NAV for the period since inception of Fund investment operations through the period noted includes the
Average Annual Total NAV Return for the Period Since Inception of Investment Operations (November 30, 2009) Through October 31, 2024
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Annualized Distribution Rate as a Percentage of October 31, 2024 NAV Price
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The following table sets forth (i) the cumulative total return (at NAV) of a share of the Fund’s common stock for the year-to-date period ended October 31, 2024 and (ii) the Fund’s distribution rate, for the same period, expressed as a percentage of the NAV price of a share of the Fund’s common stock at October 31, 2024
Cumulative Total NAV Return for the Year-to-Date Period Ended October 31, 2024
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Distribution Rate as a Percentage of October 31, 2024 NAV Price
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You should not draw any conclusions about the Fund’s investment performance from the amount of the distributions noted in the tables above or from the terms of the Fund’s distribution policy.
The Fund or your financial professional will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions on your US federal income tax return. For tax purposes, the Fund is required to report unrealized gains or losses on certain non-US investments as ordinary income or loss, respectively. Accordingly, the amount of the Fund’s total distributions that will be taxable as ordinary income may be different than the amount of the distributions from net investment income reported above.
The Board may change the Fund’s distribution policy and the amount or timing of the distributions, based on a number of factors, including, but not limited to, the amount of the Fund’s undistributed net investment income and net short- and long-term capital gains and historical and projected net investment income and net short- and long-term capital gains.
The Fund is a closed-end investment company that trades on the New York Stock Exchange.
Past performance does not guarantee future results.
Important Disclosures:
Investors should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. You can obtain the Fund’s most recent periodic reports and other regulatory filings by contacting your financial advisor or visiting www.columbiathreadneedleus.com. These reports and other filings can also be found on the Securities and Exchange Commission’s EDGAR Database. You should read these reports and other filings carefully before investing.
The Fund expects to receive all or some of its current income and gains from the following sources: (i) dividends received by the Fund that are paid on the equity and equity-related securities in its portfolio; and (ii) capital gains (short-term and long-term) from option premiums and the sale of portfolio securities. It is possible that the Fund’s distributions will at times exceed the earnings and profits of the Fund and therefore all or a portion of such distributions may constitute a return of capital as described below. A return of capital is a return of your original investment. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the Fund’s distribution policy.
Distributions that qualify as a return of capital are a return of some or all of your original investment in the Fund. A return of capital reduces a stockholder’s tax basis in his or her shares. Once the tax basis in your shares has been reduced to zero, any further return of capital may be taxable as capital gain. Shareholders should consult their tax advisor or tax attorney for proper treatment.
Distributions may be variable, and the Fund’s distribution rate will depend on a number of factors, including the net earnings on the Fund’s portfolio investments and the rate at which such net earnings change as a result of changes in the timing of, and rates at which, the Fund receives income from the sources noted above. As portfolio and market conditions change, the rate of distributions on the shares and the Fund’s distribution policy could change.
Market risk may affect a single issuer, sector of the economy, industry or the market as a whole. The products of technology companies may be subject to severe competition and rapid obsolescence, and their stocks may be subject to greater price fluctuations. Investments in small- and mid-cap companies involve risks and volatility greater than investments in larger, more established companies. Foreign investments subject the fund to risks, including political, economic, market, social and others within a particular country, as well as to currency instabilities and less stringent financial and accounting standards generally applicable to
The Fund should only be considered as one element of a complete investment program. An investment in the Fund should be considered speculative. The Fund's investment policy of investing in technology and technology-related companies and writing call options involves a high degree of risk.
There is no assurance that the Fund will meet its investment objectives or that distributions will be made. You could lose some or all of your investment. In addition, closed-end funds frequently trade at a discount to their net asset values, which may increase your risk of loss.
The Fund is not insured by the FDIC, NCUA or any federal agency, is not a deposit or obligation of, or guaranteed by any financial institution, and involves investment risks including possible loss of principal and fluctuation in value.
Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.
Columbia Seligman Premium Technology Growth Fund is managed by Columbia Management Investment Advisers, LLC.
© 2024 Columbia Management Investment Advisers, LLC. All rights reserved.
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Stockholder contact:
Matthew LeBlanc
617-580-4101
matthew.leblanc@columbiathreadneedle.com
Media contact:
Lisa Feuerbach
617-897-9344
lisa.feuerbach@columbiathreadneedle.com
Source: Columbia Threadneedle Investments
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