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Ameriprise Financial (NYSE:AMP) reported strong Q2 2024 results, with adjusted operating earnings per diluted share of $8.53, up 17% to $8.72 excluding severance expenses. The company's assets under management and administration reached $1.4 trillion, a 12% increase driven by client net inflows and market appreciation. Adjusted operating net revenues grew 9% due to organic growth, strong equity markets, and higher spread revenues. Ameriprise demonstrated its financial strength by returning $693 million to shareholders through share repurchases and dividends. The company's pretax adjusted operating margin was 26.8%, with an adjusted operating return on equity of 48.9%. Ameriprise's Advice & Wealth Management segment saw pretax adjusted operating earnings reach a new high of $822 million, while the Asset Management segment's pretax adjusted operating earnings increased 35% to $218 million.

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.

Ameriprise Financial reported strong first-quarter 2024 results with adjusted operating earnings per diluted share up 16% to $8.39. GAAP net income per diluted share was $9.46, compared to $3.79 a year ago. The company raised its quarterly dividend by 10%. Assets under management and administration reached $1.4 trillion, up 15% driven by client net inflows and market appreciation. Ameriprise returned $650 million to shareholders in the quarter. The Wealth Management segment saw adjusted operating net revenues increase by 13% to $2.6 billion, with total client assets growing to $954 billion. Asset Management segment's adjusted operating net revenues grew 7% to $855 million, with total segment AUM reaching $652 billion. Retirement & Protection Solutions' pretax adjusted operating earnings increased by 3% to $199 million, driven by higher interest rates and equity markets. The Corporate & Other segment reported a pretax adjusted operating loss of $99 million, including unfavorable mark-to-market impacts.

Tri-Continental Corporation (TY) announces its 94th Annual Meeting of Stockholders on June 25, 2024, in Minneapolis, MN. Stockholders will vote on director elections, ratification of auditors, and other matters. Columbia Management Investment Advisers, LLC manages the Corporation.

Columbia Threadneedle Investments celebrates the 20-year anniversary of the Columbia Ultra Short Term Bond Fund, showcasing consistent long-term performance and daily NAV stability. The fund, managed by experienced professionals, aims to capitalize on pricing anomalies at the short end of the yield curve, providing investors with exposure to high-quality bonds with low volatility. The team utilizes in-depth research and analysis to drive attractive returns and manage credit and structure risk effectively.

Tri-Continental Corporation (TY) declares a first quarter ordinary income distribution of $0.2560 per share of Common Stock and $0.6250 per share of Preferred Stock. Distributions to be paid on March 19 and April 1, 2024, respectively. The Corporation's investment manager is Columbia Management Investment Advisers, LLC, a subsidiary of Ameriprise Financial, Inc.

Columbia Threadneedle Investments has entered into a strategic investment agreement with a consortium of investors to grow its CLO platform. The consortium, led by Jefferies, will commit equity capital to support the issuance of multiple CLOs over the next few years, aiming to establish Columbia Threadneedle as a serial CLO issuer and expand its fixed income franchise.

Ameriprise Financial, Inc. (NYSE: AMP) reported strong Q4 2023 results with GAAP net income of $377 million, adjusted operating earnings of $761 million, and adjusted operating earnings per diluted share of $7.20, representing a 10% increase. The company returned $2.5 billion to shareholders in 2023 and successfully closed a partnership with Comerica Bank. Assets under management and administration reached $1.4 trillion, up 15% from client net inflows and market appreciation.