TY News and Press, Tri Continental Corporation From 05/09/22

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: ...

TY is a very robust equity CEF that employs minimum leverage and has posted very healthy long-term results. The fund's trailing total returns on a 5- and 10-year lookback stand at 13.6% and 13.2%, respectively. TY uses robust sector and industry-specific models to make equity sele...

We review CEF market valuation and performance through the second week of April and highlight recent market action. The recent rally fizzled as the CEF space fell sharply with most sectors dropping more than 1%. We highlight funds that are likely to be more resilient in the face o...

The Board of Directors (the Board) of Tri-Continental Corporation (the Corporation) (NYSE: TY ) today announced that the Corporation’s 92 nd Annual Meeting of Stockholders will be held on June 21, 2022 (the Meeting) in Minneapolis, MN. The close of business on April 12, 2...

Tri-Continental (NYSE:TY) declares $0.27/share quarterly dividend, -9.9% decrease from prior dividend of $0.2996. Forward yield 3.52% Payable March 24; for shareholders of record March 16; ex-div March 15. See TY Dividend Scorecard, Yield Chart, & Dividend Growth. For further details se...

4 out of 24 CEF sectors positive on price and 2 out of 24 sectors positive on NAV last week. Date for PIMCO merger of PCI and PKO into PDI announced. USA rights offering results. JDD, JTA and JTD have been merged into the multi-asset NMAI. For further details see: We...

Tri-Continental (NYSE:TY) declares $0.299/share quarterly dividend, in line with previous. Forward yield 3.38% Payable Dec. 23; for shareholders of record Dec. 15; ex-div Dec. 14. See TY Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: Tri-Continental dec...

TY is a solid balanced fund with a low expense ratio and good long-term performance. The fund was created in 1929. TY currently trades at an 11% discount to NAV. For further details see: Tri-Continental: A Solid Balanced Fund With A Good Long-Term Performance Record

Stocks are pricey, but we closed-end fund (CEF) investors aren’t sweating it: we’ve got an edge that lets us buy at a discount, with dividends that are double—and sometimes triple—the typical S&P 500 payout! That would be our ability to buy CEFs that trad...

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