Tri-Continental Corporation (NYSE: TY) has declared its fourth quarter ordinary income and capital gain distributions. The declared fourth quarter ordinary income distribution for Common Stock is $0.2711 per share, which marks an increase of x% from the previous quarter. The distribution for Preferred Stock is $0.6250 per share, representing a y% change from the prior period. Additionally, the Corporation declared a total capital gain distribution of $2.0443 per share of Common Stock, consisting of short-term capital gains of $0.2541 and long-term capital gains of $1.7902. Comparing this to the previous period, the short-term capital gains have experienced a z% change, while the long-term capital gains have seen a w% change.
Distributions on Common Stock will be paid on December 22, 2025, to Common Stockholders of record on December 12, 2025, while dividends on Preferred Stock will be paid on January 2, 2026, to Preferred Stockholders of record on December 12, 2025. The ex-dividend date for both the Common Stock and the Preferred Stock is December 12, 2025.
The Corporation has a distribution policy in place, and the $0.2711 per share ordinary income distribution and the $2.0443 per share capital gain distribution on the Common Stock are in accordance with this policy. It's also worth noting that the Corporation has paid dividends on its common stock for 81 consecutive years.
Tri-Continental Corporation's investment manager is Columbia Management Investment Advisers, LLC, a wholly-owned subsidiary of Ameriprise Financial, Inc.
This announcement provides valuable insight into the Corporation's financial performance and distribution strategy, offering shareholders and potential investors key information to consider. Following these announcements, the company's shares moved -0.38%, and are now trading at a price of $33.6009. For the full picture, make sure to review TRI-CONTINENTAL Corp's 8-K report.
