Tri-Continental Corporation (NYSE: TY) has announced its third quarter ordinary income distribution for the year 2025. The distribution for Common Stock stands at $0.2654 per share, while the distribution for Preferred Stock has been declared at $0.6250 per share.
Distributions on Common Stock are scheduled to be paid on September 24, 2025, to Common Stockholders of record on September 16, 2025. Dividends on Preferred Stock will be paid on October 1, 2025, to Preferred Stockholders of record on September 16, 2025. The ex-dividend date for both the Common Stock and the Preferred Stock is also September 16, 2025.
It's noteworthy that the Corporation has paid dividends on its common stock for 81 consecutive years. The Corporation’s investment manager is Columbia Management Investment Advisers, LLC, a wholly-owned subsidiary of Ameriprise Financial, Inc.
It's important to highlight that the Corporation’s distributions on common stock will vary and that the current distributions are based on the earnings and profits of the Corporation.
Investors should take into consideration the investment objectives, risks, charges, and expenses of the Corporation before investing. The Corporation’s portfolio investments are subject to market risk and fixed-income investments, including convertible securities, are subject to credit risk, interest rate risk, and prepayment and extension risk.
It's advisable to carefully read the prospectus containing information about the Corporation, including its investment objectives, risks, charges, expenses, and other information, before investing in the Corporation.
Following these announcements, the company's shares moved 0.15%, and are now trading at a price of $33.62. For more information, read the company's full 8-K submission here.
