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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.
The Board of Directors of Columbia Seligman Premium Technology Growth Fund (NYSE: STK) announced its 13th Annual Meeting of Stockholders on
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.
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%
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