{"id":823119,"date":"2025-03-07T10:03:23","date_gmt":"2025-03-07T15:03:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tri-continental-corporation-declares-first-quarter-distribution-4\/"},"modified":"2025-03-07T10:03:23","modified_gmt":"2025-03-07T15:03:23","slug":"tri-continental-corporation-declares-first-quarter-distribution-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tri-continental-corporation-declares-first-quarter-distribution-4\/","title":{"rendered":"Tri-Continental Corporation Declares First Quarter Distribution"},"content":{"rendered":"

<\/p>\n

Tri-Continental Corporation <\/b>Declares First Quarter Distribution<\/b><\/p>\n

BOSTON–(BUSINESS WIRE<\/a>)–
\nTri-Continental Corporation (the \u201cCorporation\u201d) (NYSE: TY<\/b>) today declared a first quarter ordinary income distribution of $0.2766 per share of Common Stock and $0.6250 per share of Preferred Stock. Distributions on Common Stock will be paid on March 26, 2025, to Common Stockholders of record on March 18, 2025, and dividends on Preferred Stock will be paid on April 1, 2025 to Preferred Stockholders of record on March 18, 2025. The ex-dividend date for both the Common Stock and the Preferred Stock is March 18, 2025. The $0.2766 per share ordinary income distribution on the Common Stock is in accordance with the Corporation\u2019s distribution policy.\n<\/p>\n

\nThe Corporation has paid dividends on its common stock for 81 consecutive years. The Corporation\u2019s investment manager is Columbia Management Investment Advisers, LLC, a wholly-owned subsidiary of Ameriprise Financial, Inc.\n<\/p>\n

\nThe Corporation\u2019s distributions on common stock will vary. The Corporation\u2019s current distributions (as estimated by the Corporation based on current information) are from the earnings and profits of the Corporation. No amount of the Corporation\u2019s current distribution consists of a return of capital (i.e., a return of some or all of your original investment in the Corporation).\n<\/p>\n

\nThe net asset value of the Corporation\u2019s common shares may not always correspond to the market price of such shares. Shares of many closed-end funds frequently trade at a discount from their net asset value. An investment in the Corporation is subject to stock market risk, which is the risk that market prices for the Corporation\u2019s common shares may decline over short or long periods, adversely affecting the value of an investment in the Corporation.\n<\/p>\n

\nSecurities selected for the Corporation using quantitative methods may perform differently from the market as a whole, and there can be no assurance that this methodology will enable it to achieve its objective. The Corporation\u2019s portfolio investments are subject to market risk, which may affect a single issuer, sector of the economy, industry or the market as a whole. Fixed-income investments, including convertible securities, are subject to credit risk, interest rate risk, and prepayment and extension risk. These risks may be more pronounced for longer-term securities and high-yield securities (\u201cjunk bonds\u201d). In general, bond prices rise when interest rates fall and vice versa. Convertible securities are subject to both the risks of their security type prior to conversion as well as their security type after conversion. The Corporation\u2019s use of leverage, including through its preferred stock, exposes it to greater risks due to unanticipated market movements, which may magnify losses and increase volatility of returns.\n<\/p>\n

You should consider the investment objectives, risks, charges, and expenses of the Corporation carefully before investing. A prospectus containing information about the Corporation (including its investment objectives, risks, charges, expenses, and other information) may be obtained by contacting your financial advisor or the Corporation\u2019s transfer agent at 800-345-6611 or visiting columbiathreadneedleus.com<\/a><\/b>. The prospectus can also be found on the Securities and Exchange Commission\u2019s EDGAR database. The prospectus should be read carefully before investing in the Corporation. There is no guarantee that the Corporation\u2019s investment goals\/objectives will be met or that distributions will be made, and you could lose money.<\/i><\/p>\n

\nTri-Continental Corporation is managed by Columbia Management Investment Advisers, LLC.\n<\/p>\n

\nColumbia Threadneedle Investments is the global brand name of the Columbia and Threadneedle group of companies.\n<\/p>\n

Past performance does not guarantee future results.<\/b><\/p>\n

Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.<\/b><\/p>\n

\n\u00a9 2025 Columbia Management Investment Advisers, LLC. All rights reserved.\n<\/p>\n

columbiathreadneedleus.com<\/a><\/b><\/p>\n

\nAdtrax # CTNA7700313.1-RUSH\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250307704006\/en\/<\/a><\/span><\/p>\n

\nStockholder contact:
\n
800-345-6611, option 3\n<\/p>\n

\nMedia contact:
\n
Lisa Feuerbach
\n
lisa.feuerbach@columbiathreadneedle.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Massachusetts<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Other Professional Services Finance Asset Management Consulting Personal Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Tri-Continental Corporation Declares First Quarter Distribution BOSTON–(BUSINESS WIRE)– Tri-Continental Corporation (the \u201cCorporation\u201d) (NYSE: TY) today declared a first quarter ordinary income distribution of $0.2766 per share of Common Stock and $0.6250 per share of Preferred Stock. Distributions on Common Stock will be paid on March 26, 2025, to Common Stockholders of record on March 18, 2025, and dividends on Preferred Stock will be paid on April 1, 2025 to Preferred Stockholders of record on March 18, 2025. The ex-dividend date for both the Common Stock and the Preferred Stock is March 18, 2025. The $0.2766 per share ordinary income distribution on the Common Stock is in accordance with the Corporation\u2019s distribution policy. The Corporation has paid dividends on its common … <\/p>\n

Continue reading “Tri-Continental Corporation Declares First Quarter Distribution”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-823119","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTri-Continental Corporation Declares First Quarter Distribution - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tri-continental-corporation-declares-first-quarter-distribution-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tri-Continental Corporation Declares First Quarter Distribution - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Tri-Continental Corporation Declares First Quarter Distribution BOSTON–(BUSINESS WIRE)– Tri-Continental Corporation (the \u201cCorporation\u201d) (NYSE: TY) today declared a first quarter ordinary income distribution of $0.2766 per share of Common Stock and $0.6250 per share of Preferred Stock. Distributions on Common Stock will be paid on March 26, 2025, to Common Stockholders of record on March 18, 2025, and dividends on Preferred Stock will be paid on April 1, 2025 to Preferred Stockholders of record on March 18, 2025. The ex-dividend date for both the Common Stock and the Preferred Stock is March 18, 2025. The $0.2766 per share ordinary income distribution on the Common Stock is in accordance with the Corporation\u2019s distribution policy. 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