Tri-Continental Corporation Declares Fourth Quarter Distribution
06 12월 2014 - 12:35AM
Business Wire
Tri-Continental Corporation (the “Corporation”) (NYSE:
TY) today declared a fourth quarter distribution of $0.2005
per share of Common Stock and $0.6250 per share of Preferred Stock.
Dividends on Common Stock will be paid on December 23, 2014 to
Common Stockholders of record on December 15, 2014 and dividends on
Preferred Stock will be paid on January 2, 2015 to Preferred
Stockholders of record on December 15, 2014. The ex-dividend date
for both the Common Stock and the Preferred Stock is December 11,
2014. The $0.2005 per share dividend on the Common Stock is in
accordance with the Corporation’s earned distribution policy.
The Corporation has paid dividends on its common stock for 70
consecutive years. The Corporation’s investment manager is Columbia
Management Investment Advisers, LLC, a wholly owned subsidiary of
Ameriprise Financial, Inc.
The net asset value of shares may not always correspond to the
market price of such shares. Shares of many closed-end funds
frequently trade at a discount from their net asset value.
Tri-Continental Corporation is subject to stock market risk, which
is the risk that stock prices overall will decline over short or
long periods, adversely affecting the value of an investment in the
Fund.
The Corporation may invest in foreign securities, which involve
certain risks not associated with investments in U.S. companies,
including political, regulatory, economic, social, and other
conditions or events occurring in the particular country, as well
as fluctuations in its currency and the risks associated with less
developed custody and settlement practices. Risks are particularly
significant in emerging markets.
The Corporation's use of leverage exposes it to greater risks
due to unanticipated market movements, which may magnify losses and
increase volatility of returns. The Corporation's use of
derivatives introduces risks possibly greater than the risks
associated with investing directly in the investments underlying
the derivatives. A relatively small price movement in an underlying
investment may result in a substantial gain or loss.
There are risks associated with fixed income investments,
including credit risk, interest rate risk, and prepayment and
extension risk. In general, bond prices rise when interest rates
fall and vice versa. This effect is more pronounced for longer-term
securities.
You should consider the investment objectives, risks, charges,
and expenses of the Corporation carefully before investing. A
prospectus containing information about the Corporation (including
its investment objectives, risks, charges, expenses, and other
information about the Corporation) may be obtained by contacting
your financial advisor or Columbia Management Investment Services
Corp. at 800-345-6611. The prospectus can also be found on the
Securities and Exchange Commission’s EDGAR database. The prospectus
should be read carefully before investing in the Corporation. There
is no guarantee that the Corporation’s investment goals/objectives
will be met or that distributions will be made, and you could lose
money.
Tri-Continental is managed by Columbia Management Investment
Advisers, LLC. This material is distributed by Columbia Management
Investment Distributors, Inc., member FINRA.
Past performance does not guarantee future results.
NOT FDIC INSURED MAY LOSE VALUE
NO BANK GUARANTEE NOT A DEPOSIT NOT INSURED BY ANY
FEDERAL GOVERNMENT AGENCY
© 2014 Columbia Management Investment Advisers, LLC. All rights
reserved.
Adtrax #1072235
For Tri-Continental CorporationStockholder contact:Gary
Terpening,
212-850-1533gary.a.terpening@columbiamanagement.comorMedia
contact:Steven Connolly, 612-671-4146steven.x.connolly@ampf.com
Tri Continental (NYSE:TY)
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