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TRI-Continental Corporation - TY STOCK NEWS

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.

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The Board of Directors of Tri-Continental Corporation (NYSE: TY) has announced its 93rd Annual Meeting of Stockholders, scheduled for June 20, 2023, in Minneapolis, MN. The record date for stockholders entitled to vote is April 11, 2023. Key agenda items include the election of one new director, Janet Langford Carrig, and the re-election of three existing directors for continued service until 2026. Additionally, the selection of PricewaterhouseCoopers LLP as the accounting firm for the 2023 fiscal year will be ratified. Detailed information will be provided in a forthcoming notice and proxy statement.

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Tri-Continental Corporation (NYSE: TY) announced a first-quarter ordinary income distribution of $0.2900 per share for Common Stock and $0.6250 per share for Preferred Stock. Common Stockholders will receive their dividends on March 21, 2023, with a record date of March 13, 2023. Preferred Stockholders will be paid on April 3, 2023, also with a record date of March 13, 2023. The Corporation has consistently paid dividends on its Common Stock for 79 years. However, market risks and variations in distributions may affect investors' returns.

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Tri-Continental Corporation (NYSE: TY) announced a fourth quarter distribution of $0.2651 per share for Common Stock and $0.6250 for Preferred Stock. Additionally, a long-term capital gain distribution of $0.6213 per Common Stock share will occur. Payments will be made on December 20, 2022 for Common Stockholders and on January 3, 2023 for Preferred Stockholders. The company has a 78-year history of paying dividends, which are derived from its earnings with no return of capital.

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Tri-Continental Corporation (NYSE: TY) held its 92nd Annual Meeting of Stockholders in Minneapolis, Minnesota. Stockholders elected Directors Douglas A. Hacker and Daniel J. Beckman, and re-elected Minor M. Shaw and Sandra L. Yeager, all serving until the 2025 Annual Meeting. Additionally, they ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2022. The Corporation is managed by Columbia Management Investment Advisers, LLC, and potential investors are urged to review the investment objectives, risks, and expenses associated with the Corporation.

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Tri-Continental Corporation (NYSE: TY) announced a second quarter ordinary income distribution of $0.2782 per share for Common Stock and $0.6250 for Preferred Stock, along with a capital gain distribution of $0.5289 per common share. Distributions will be paid on June 22, 2022, with an ex-dividend date of June 10, 2022. The company has consistently paid dividends for 78 years. The investment manager is Columbia Management Investment Advisers, LLC, a subsidiary of Ameriprise Financial, Inc. (NYSE: AMP).

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The Board of Directors of Tri-Continental Corporation (NYSE: TY) has announced its 92nd Annual Meeting of Stockholders scheduled for June 21, 2022, in Minneapolis, MN. The record date for stockholders entitled to vote is set for April 12, 2022. Key agenda items include the election of 4 directors, ratification of PricewaterhouseCoopers LLP as the independent accounting firm for the fiscal year 2022, and other relevant matters. Details for access to the meeting will be included in a forthcoming notice and proxy statement.

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Tri-Continental Corporation (NYSE: TY) announced an ordinary income distribution of $0.2700 for Common Stock and $0.6250 for Preferred Stock. Payments will be made on March 24, 2022 and April 1, 2022, respectively. With 78 consecutive years of dividend payments, these distributions are derived from earnings and profits, with no return of capital. The Corporation's investment manager is Ameriprise Financial, Inc. (AMP), associated with Columbia Management Investment Advisers, LLC (MVLCX).

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Tri-Continental Corporation (NYSE: TY) announced a fourth quarter ordinary income distribution of $0.2996 per share of Common Stock and $0.6250 per share of Preferred Stock. Additionally, the Corporation declared a total capital gain distribution of $3.3110 per share of Common Stock, comprising short-term gains of $1.0304 and long-term gains of $2.2806. Distributions will be paid on December 23, 2021, for Common Stockholders of record as of December 15, 2021.

The Corporation has paid dividends for 77 consecutive years.

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FAQ

What is the current stock price of TRI-Continental Corporation (TY)?

The current stock price of TRI-Continental Corporation (TY) is $31.42 as of December 20, 2024.

What is the market cap of TRI-Continental Corporation (TY)?

The market cap of TRI-Continental Corporation (TY) is approximately 1.6B.

What is TRI-Continental Corporation?

TRI-Continental Corporation is a diversified, closed-end management investment company, established in 1929.

What does TRI-Continental Corporation invest in?

The company invests in a range of securities, including equities, bonds, and other financial instruments.

How does TRI-Continental Corporation select its investments?

The company uses fundamental analysis to identify companies with strong growth potential and dividend yield.

What are some recent achievements of TRI-Continental Corporation?

Recent achievements include a consistent performance track record and strategic diversification into high-growth sectors.

What is the financial condition of TRI-Continental Corporation?

The company maintains a robust financial condition through disciplined asset management and a strong capital base.

Who are TRI-Continental Corporation's strategic partners?

The company partners with leading financial institutions to enhance its investment capabilities.

What products does TRI-Continental Corporation offer?

The company offers exposure to a diversified portfolio of equities, fixed-income securities, and other investment instruments.

How does TRI-Continental Corporation ensure shareholder value?

The company adapts to market dynamics and capitalizes on emerging investment opportunities to maximize shareholder value.

What is the history of TRI-Continental Corporation?

TRI-Continental Corporation was established in 1929 and has a long-standing commitment to long-term capital growth and income.

How can I stay updated on TRI-Continental Corporation's news?

You can stay informed by following the latest updates and relevant information regarding the company's performance and developments.

TRI-Continental Corporation

NYSE:TY

TY Rankings

TY Stock Data

1.61B
52.03M
0.03%
13.75%
1.54%
Asset Management
Financial Services
Link
United States of America
Boston