Tri-Continental Corp Declares Fourth-Quarter Distribution

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

Tri-Continental Corporation has announced a fourth-quarter distribution, declaring $0.2850 per share for ordinary income on Common Stock and $0.6250 on Preferred Stock, alongside a special capital gain distribution of $1.9520 on Common Stock. Shareholders can opt for this distribution in various combinations of cash and stock. Despite the risks inherent in market investments, the corporation has consistently paid dividends for 80 years, and its portfolio is managed by Columbia Management Investment Advisers, LLC. Investors are advised to consider the associated risks and read the prospectus carefully before investing.

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