Tri-Continental Corporation Declares Initial Quarter Distribution | Business enterprise & Finance

BOSTON–(Organization WIRE)–Mar 5, 2021–

Tri-Continental Company (the “Corporation”) (NYSE: TY ) currently declared a to start with quarter ordinary cash flow distribution of $.2455 for every share of Prevalent Stock and $.6250 per share of Desired Stock. Distributions on Widespread Inventory will be compensated on March 25, 2021 to Common Stockholders of report on March 17, 2021 and dividends on Preferred Inventory will be paid on April 1, 2021 to Chosen Stockholders of history on March 17, 2021. The ex-dividend day for the two the Widespread Stock and the Favored Inventory is March 16, 2021. The $.2455 for each share standard money distribution on the Common Inventory is in accordance with the Corporation’s distribution policy.

The Corporation has paid dividends on its frequent stock for 77 consecutive many years. The Corporation’s expenditure supervisor is Columbia Administration Expense Advisers, LLC, a wholly-owned subsidiary of Ameriprise Economic, Inc.

The Corporation’s distributions on typical inventory will range. The Corporation’s present distributions (as estimated by the Corporation centered on latest info) are from the earnings and income of the Corporation. No total of the Corporation’s present distribution is composed of a return of capital (i.e., a return of some or all of your primary expenditure in the Company).

The net asset worth of the Corporation’s popular shares may well not normally correspond to the marketplace selling price of these types of shares. Shares of quite a few closed-stop money often trade at a discounted from their net asset benefit. An investment decision in the Company is issue to inventory current market hazard, which is the danger that current market charges for the Corporation’s common shares may possibly decrease above small or long durations, adversely influencing the value of an expense in the Company.

Securities chosen for the Company making use of quantitative techniques may perhaps carry out differently from the market as a complete, and there can be no assurance that this methodology will empower it to accomplish its objective. The Corporation’s portfolio investments are topic to marketplace risk, which may well impact a one issuer, sector of the overall economy, sector or the marketplace as a complete. Fixed-revenue investments, such as convertible securities, are subject to credit score chance, fascination amount danger, and prepayment and extension danger. These risks may well be additional pronounced for for a longer period-term securities and large-generate securities (“junk bonds”). In normal, bond charges increase when desire charges tumble and vice versa. Convertible securities are topic to both of those the pitfalls of their safety variety prior to conversion as well as their stability form after conversion. The Corporation’s use of leverage, including as a result of its most well-liked inventory, exposes it to bigger pitfalls due to unanticipated sector movements, which may well amplify losses and boost volatility of returns.

You need to look at the financial investment aims, dangers, charges, and costs of the Corporation very carefully in advance of investing. A prospectus containing information about the Company (like its financial commitment objectives, pitfalls, expenses, charges, and other facts) may well be received by calling your monetary advisor or Columbia Administration Financial commitment Expert services Corp. at 800-345-6611. The prospectus can also be uncovered on the Securities and Exchange Commission’s EDGAR databases. The prospectus ought to be browse cautiously right before investing in the Company. There is no assurance that the Corporation’s investment decision targets/goals will be met or that distributions will be designed, and you could eliminate dollars.

Tri-Continental Company is managed by Columbia Administration Financial investment Advisers, LLC. This product is distributed by Columbia Management Investment Distributors, Inc., member FINRA.

Columbia Threadneedle Investments is the international manufacturer title of the Columbia and Threadneedle team of corporations.

Previous overall performance does not ensure future outcomes.

Expense goods are not federally or FDIC-insured, are not deposits or obligations of, or guaranteed by any fiscal establishment, and include financial commitment challenges which includes probable reduction of principal and fluctuation in worth.

© 2021 Columbia Management Expense Advisers, LLC. All rights reserved.

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Key word: MASSACHUSETTS UNITED STATES NORTH The us

Field Key word: BANKING Experienced Services FINANCE

Source: Tri-Continental Corporation

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PUB: 03/05/2021 09:09 AM/DISC: 03/05/2021 09:09 AM

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