Welcome to our dedicated page for TRI-Continental Corporation news (Ticker: TY), a resource for investors and traders seeking the latest updates and insights on TRI-Continental Corporation stock.
TRI-Continental Corporation (Symbol: TY) is a diversified, closed-end management investment company. With a rich history dating back to its inception in 1929, TRI-Continental has been dedicated to providing its shareholders with long-term capital growth and income through a diversified portfolio. The company's core business involves investing in a wide range of securities, including equities, bonds, and other financial instruments.
TRI-Continental Corporation's investment strategy focuses on fundamental analysis to identify companies with strong potential for growth and dividend yield. The portfolio managers diligently analyze market trends, economic indicators, and individual company performance to make informed investment decisions. This approach aims to balance risk and reward, ensuring sustainable returns for shareholders.
Recently, TRI-Continental Corporation has achieved significant milestones, including a consistent performance track record and the strategic diversification of its portfolio to include high-growth sectors such as technology and healthcare. The company remains committed to maximizing shareholder value by adapting to market dynamics and capitalizing on emerging investment opportunities.
TRI-Continental Corporation's financial condition remains robust, supported by a disciplined approach to asset management and a strong capital base. The company has formed strategic partnerships with leading financial institutions to enhance its investment capabilities and expand its market reach. These collaborations enable TRI-Continental to access valuable insights and resources, further strengthening its position in the investment management industry.
In terms of products, TRI-Continental Corporation offers shareholders exposure to a diversified portfolio of equities, fixed-income securities, and other investment instruments. The company continuously evaluates and adjusts its holdings to align with market conditions and emerging opportunities, ensuring a dynamic and responsive investment strategy.
Stay informed about the latest updates and relevant information regarding TRI-Continental Corporation's performance, events, and developments to understand the company's operations and significance in the market.
Tri-Continental (NYSE: TY) has declared its fourth quarter distributions. Common stockholders will receive an ordinary income distribution of $0.2850 per share and a capital gain distribution of $1.9520 per share, consisting of $0.3669 in short-term and $1.5851 in long-term gains. Preferred stockholders will receive $0.6250 per share. The distributions will be paid on December 23, 2024, for Common Stock and January 2, 2025, for Preferred Stock. Stockholders can elect to receive the capital gain distribution in various stock/cash combinations. The has maintained dividend payments on common stock for 80 consecutive years.
Tri-Continental (NYSE: TY) has declared its third quarter distribution for 2024. Common stockholders will receive $0.2914 per share, payable on September 23, 2024, while preferred stockholders will receive $0.6250 per share, payable on October 1, 2024. The ex-dividend date for both is September 13, 2024.
TY has maintained an impressive 80-year streak of consecutive dividend payments. The 's investment manager is Columbia Management Investment Advisers, , a subsidiary of Ameriprise Financial. Investors should note that TY's distributions may vary and closed-end funds often trade at a discount to their net asset value.
The employs quantitative methods for security selection and uses leverage through preferred stock, which can increase volatility. Potential investors are advised to carefully review the prospectus for detailed information on investment objectives, risks, and expenses before making investment decisions.
Tri-Continental (NYSE: TY) recently held its 94th Annual Meeting of Stockholders in Minneapolis, where stockholders approved the Board's recommendations on two key proposals. Directors Kathleen Blatz, Pamela G. Carlton, George S. Batejan, and David M. Moffett were elected to terms extending to the 2027 Annual Meeting. Additionally, PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the 2024 fiscal year. The is managed by Columbia Management Investment Advisers, Investors are advised to review the prospectus for detailed information on investment objectives, risks, charges, and expenses before investing.
Tri-Continental (NYSE: TY) declared a second quarter distribution of $0.2905 per share for Common Stock and $0.6250 per share for Preferred Stock. Additionally, a long-term capital gain distribution of $0.2878 per Common Stock share was announced. The Common Stock distribution will be paid on June 18, 2024, and the Preferred Stock distribution on July 1, 2024, to shareholders of record as of June 10, 2024. Shareholders have the option to receive the capital gain distribution in various combinations of cash and stock. The emphasized that current distributions are generated from earnings and profits, not a return of capital. The net asset value of the ’s shares may not align with market prices, and the investment carries stock market risks. The company is managed by Columbia Management Investment Advisers, a subsidiary of Ameriprise Financial.
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