TY: Large Discount And Decent Performance From This CEF
2025-08-08 08:02:12 ET
Tri-Continental Corporation ( TY ) is a closed-end fund that provides investors with a method through which they can obtain a very high level of income from the assets that they possess in their portfolios. This fund is, however, not nearly as good at this as many other closed-end funds, as its yield is only 3.56% at the current share price. This is sufficient for the fund to provide a higher level of income than any of the major equity indices, as shown here:
Index/ETF | Current Yield |
S&P 500 Index ( SPY ) | 1.13% |
NASDAQ-100 Index ( QQQ ) | 0.50% |
Russell 2000 Index ( IWM ) | 1.13% |
Dow Jones Industrial Average ( DIA ) | 1.52% |
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TY: Large Discount And Decent Performance From This CEF
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