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Stock impact report

Tri-Continental Corporation Declares First Quarter Distribution

Tri Continental Corporation (TY) 
Company Research Source: Business Wire
BOSTON--(BUSINESS WIRE)--Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a first quarter ordinary income distribution of $0.2650 per share of Common Stock and $0.6250 per share of Preferred Stock. Distributions on Common Stock will be paid on March 26, 2020 to Common Stockholders of record on March 18, 2020 and dividends on Preferred Stock will be paid on April 1, 2020 to Preferred Stockholders of record on March 18, 2020. The ex-dividend date for both the Common Stock and the Preferred Stock is March 17, 2020. The $0.2650 per share ordinary income distribution on the Common Stock is in accordance with the Corporation’s distribution policy.The Corporation has paid dividends on its common stock for 76 consecutive years. The Corporation’s investment manager is Columbia Management Investment Advisers, LLC, a wholly owned subsidiary of Ameriprise Financial, Inc.The Corporation’s distributions on common stock will vary. The Corporation’s current distributions Show less Read more
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