TY News and Press, Tri Continental Corporation From 11/09/22

Summary The Tri-Continental Corporation (TY) is another CEF that dates back to 1929. It seeks to invest in stocks of large-cap companies, but may invest in fixed income assets too. This article covers TY in detail and I compare its results against three other investment choic...

Summary The Central Securities (CET) Closed-End-Fund holds under 30 stocks, with 22% in a private company.  That concentration, of course, adds risk. The well-known SPDR S&P 500 Trust ETF (SPY) is the bedrock for many investors in the Large-Cap U.S. equity space. Here...

Summary The EOD Fund is an income-focused closed-end fund. It invests 80% of assets in equities and 20% in fixed income. Although the fund pays an attractive 11.4% yield, I don't think this rate is sustainable with long-term total returns in the low single digits. Th...

Summary Tri-Continental Corporation is a closed-end fund that has been around for over 90 years. It has a strong performance track record, with 10Yr average total returns of 10.6%. TY currently pays a quarterly distribution that yields approximately 4.0%. However, the fund has...

Tri-Continental ( NYSE: TY ) declares $0.2695/share quarterly dividend , -3.1% decrease from prior dividend of $0.2782. Forward yield 3.83% Payable Oct. 3; for shareholders of record Sept. 12; ex-div Sept. 9. See TY Dividend Scorecard, Yield Chart, & ...

Summary We review CEF market valuation and performance through the third week of August and highlight recent market action. The CEF rally petered out this week as nearly all sectors finished in the red on the back of the Fed refusing to pivot in a dovish direction. CEFs with f...

Tri-Continental Corporation (the “Corporation”) (NYSE: TY ) today held its 92 nd Annual Meeting of Stockholders (the “Meeting”) in Minneapolis, Minnesota. Stockholders voted in favor of the recommendations of the Corporation’s Board of Director...

FOF is a CEF that primarily holds other CEFs and trades at a 9% current yield. In this article we discuss some of the mechanics of the fund and address some of the misconceptions we keep seeing about it. Investors who like a hybrid Equity / Credit allocation have a number of other...

Tri-Continental (NYSE:TY) declares $0.2782/share quarterly dividend, 3% increase from prior dividend of $0.2700. Forward yield 3.99% Payable June 22; for shareholders of record June 13; ex-div June 10. See TY Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: ...

Discounts have been widening in the CEF space as volatility has been kicking up. The widening discounts have been creating more opportunities, but headwinds exist. We screen for several different metrics that bring up funds worth exploring further. For further details see: ...