Tri-Continental Corp Declares First-Quarter Income Distributions

Tri-Continental Corp ( (TY) ) has issued an announcement.

Tri-Continental Corporation, a long-established NYSE-listed closed-end fund managed by Columbia Management Investment Advisers, LLC, invests in equity and fixed-income securities using quantitative strategies and employs leverage, which can magnify both gains and losses. Its shares may trade at a discount to net asset value, and its portfolios are exposed to stock market, credit, interest rate, and sector-specific risks, particularly in longer-duration and high-yield bonds.

On March 6, 2026, Tri-Continental Corporation declared a first-quarter ordinary income distribution of $0.2848 per common share and $0.6250 per preferred share, with the common payout scheduled for March 25 and the preferred dividend for April 1, both to stockholders of record and ex-dividend on March 17. The common stock distribution, which aligns with the firm’s policy and extends its 82-year record of uninterrupted common dividends, is currently estimated to be fully funded from earnings and profits rather than a return of capital, underscoring its ongoing income-generation profile for shareholders despite the inherent market and leverage risks of its investment strategy.

More about Tri-Continental Corp

Tri-Continental Corporation is a publicly traded closed-end investment company listed on the NYSE under the ticker TY. It is managed by Columbia Management Investment Advisers, LLC, a wholly owned subsidiary of Ameriprise Financial, Inc., and invests across equity and fixed-income markets using quantitative methods, exposing shareholders to typical stock, bond, and leverage-related risks.

The corporation’s common shares can trade at a discount to net asset value, and its portfolios face market, credit, interest rate, and sector risks, which may be more pronounced in longer-term and high-yield securities. Investors are urged to review the prospectus carefully, as there is no guarantee that investment objectives will be met or that distributions will continue, and principal is at risk.

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