Tri-Continental Corporation Declares First Quarter Distribution
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 07 2025
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Source: Newsfilter
Dividend Announcement: Tri-Continental Corporation declared a first quarter ordinary income distribution of $0.2766 per share for Common Stock and $0.6250 per share for Preferred Stock, with payment dates set for March 26 and April 1, 2025, respectively.
Investment Risks: The Corporation's investments are subject to various market risks, including stock market risk, credit risk, and interest rate risk, and potential investors are advised to carefully consider the associated risks and review the prospectus before investing.
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About TY
Tri-Continental Corporation (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to produce future growth of both capital and income while providing reasonable current income. It invests primarily for the longer term and has no charter restrictions with respect to its investments. With respect to the Fund's investments, assets may be held in cash or invested in all types of securities, that is, in common stocks, bonds, convertible bonds, debentures, notes, preferred and convertible preferred stocks, rights, and other securities or instruments. It may invest in debt/fixed income instruments and convertible securities that, at the time of purchase, are rated below investment grade or are unrated but determined to be of comparable quality. The Fund may invest in derivatives, such as futures contracts (including equity futures and index futures), to equitize cash. The Fund's manager is Columbia Management Investment Advisers, LLC.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








