TY News and Press, Tri Continental Corporation From 10/12/21

2 out of 23 CEF sectors positive on price and 2 out of 23 sectors positive on NAV last week. MLPs lead while convertibles lag. Asia equity is the highest-yielding CEF sector. For further details see: Weekly Closed-End Fund Roundup: October 3, 2021

Three out of 23 CEF sectors positive on price and six out of 23 sectors positive on NAV last week. GOF/GGM/GPM merger has been approved. RIV announces a new rights offering. For further details see: Weekly Closed-End Fund Roundup: Sept. 26, 2021

Major indices hit record highs again this week with mid-caps joining large-cap at all-time highs. August was the seventh consecutive month of gains for the S&P. Discounts widened for the third straight week with taxables going from 2.21% on August 15 to +0.68% on September 5. Whil...

Last year, we were looking at distribution changes due to the COVID pandemic sell-off. CEFs distribute out most of their earnings as distributions, so they pay relatively higher yields. However, relatively higher yields mean that any downturn is likely to cause distribution cuts. ...

20 out of 23 CEF sectors positive on price and 21 out of 23 sectors positive on NAV last week. GAB rights offering is now live. IGA/IGD/IDE tender results were pleasing, DEX tender coming up. DSE to merge into an open-ended fund soon. Portfolio holdings: distribution boost...

Tri-Continental Corporation (the “Corporation”) (NYSE: TY ) today virtually held its 91 st Annual Meeting of Stockholders (the “Meeting”). Stockholders voted in favor of the recommendations of the Corporation’s Board of Directors (the “B...

Tri-Continental (TY) declares $0.2388/share quarterly dividend, -2.7% decrease from prior dividend of $0.2455.Forward yield 2.81%Payable June 24; for shareholders of record June 16; ex-div June 15.See TY Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: Tr...

2020 saw the number of dividend cuts and omissions soar in response to the pandemic and the combination of state and local government lockdowns that crippled much of the economy. Going by the number of dividend cuts announced during the month, the U.S. stock market continued to show s...

The Board of Directors (the Board) of Tri-Continental Corporation (the Corporation) (NYSE: TY ) today announced that the Corporation’s 91 st Annual Meeting of Stockholders will be held virtually on June 11, 2021 (the Meeting). The close of business on April 20, 2021 has b...

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns. The market downturn last year exposed the risk of high volatility and deep drawdowns with investing in close...