STK News and Press, Columbia Seligman Premium Technology Growth Fund Inc From 03/10/23

The Board of Directors (the Board) of Columbia Seligman Premium Technology Growth Fund, Inc. (the Fund) (NYSE: STK ) today announced that the Fund’s 13 th Annual Meeting of Stockholders will be held on June 20, 2023 (the Meeting) in Minneapolis, MN. The close of business on April 1...

2023-03-09 05:00:03 ET Plenty of CEF investors worry about dividend cuts. And for sure, they’re something to keep in mind. But CEFs are not the same as stocks. When we invest in high-quality CEFs, there are a couple other things we need to remember when we catch wind of a cut: ...

2023-03-08 10:19:00 ET Summary For the second month in three, equity CEFs (-2.68% on a NAV basis) on average witnessed negative performance. While their fixed income CEF cohorts (-1.79%) posted losses, also for the second month in three. At month end, 17% of all CEFs traded at...

2023-03-07 03:29:27 ET Summary Columbia Seligman Premium Technology Growth Fund is an equity "buy-write" closed-end fund. The vehicle is long a portfolio of technology-related companies and writes call options on the Nasdaq 100. The CEF employs a dynamic call writing strategy ...

Summary BlackRock Science and Technology Trust aggressively increased the number of holdings in the fund in January, a move that could potentially enable it to capture the strong gains in tech stocks in January. BST stands to gain from a continued recovery in tech stocks, which should l...

When it comes to closed-end funds (or any investment, for that matter), it pays to look for things most people misunderstand. Because these (seemingly) tiny investor oversights and errors can give us keen-eyed contrarians our best buying opportunities. And when it comes to CEFs, there...

Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a first-quarter distribution, pursuant to its managed distribution policy, in the amount of $0.4625 per share, which is equal to a quarterly rate of 2.3125% (9.25% annualized) of the $20.00 offering pric...

Summary Presenting our 2022 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions (including year-end special distributions) amounting to over 14% yield-on-cost basis. The portfolio had a loss of -12.5% in 2022, compared to -18.2...

Summary AIO had outperformed its 'peers' through 2022, though still down quite significantly for the year. Its portfolio is quite different, with meaningful allocations outside technology that helped provide this relative outperformance. The fund is trading at a deep discount that c...

Summary STK is a technology focused buy-write CEF. The fund is overweight semiconductor and software equities. The CEF exhibits a total return almost identical to the one posted by QQQ in 2022 when adjusting for the CEF premium. An investor can think of STK as a method of utiliz...