Tri-Continental Corporation (NYSE: TY) has announced its first quarter ordinary income distribution for 2026. The distribution for Common Stock is set at $0.2848 per share, while the distribution for Preferred Stock is $0.6250 per share. The distributions on Common Stock will be paid on March 25, 2026, to Common Stockholders of record on March 17, 2026, and dividends on Preferred Stock will be paid on April 1, 2026, to Preferred Stockholders of record on March 17, 2026. The ex-dividend date for both the Common Stock and the Preferred Stock is March 17, 2026.
Tri-Continental Corporation has a history of paying dividends on its common stock for 82 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 note that the Corporation's distributions on common stock will vary and are based on the earnings and profits of the Corporation. Shareholders should be aware that the net asset value of the Corporation’s common shares may not always correspond to the market price of such shares, and shares of many closed-end funds frequently trade at a discount from their net asset value.
Investors are advised that an investment in the Corporation is subject to stock market risk, which includes the risk that market prices for the Corporation’s common shares may decline over short or long periods, adversely affecting the value of an investment in the Corporation.
In terms of the Corporation's portfolio investments, they are subject to market risk, which may affect a single issuer, sector of the economy, industry, or the market as a whole. Fixed-income investments, including convertible securities, are subject to credit risk, interest rate risk, and prepayment and extension risk.
It's worth noting that the Corporation’s use of leverage, including through its preferred stock, exposes it to greater risks due to unanticipated market movements, which may magnify losses and increase volatility of returns.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Corporation before investing. The Corporation's prospectus contains information about its investment objectives, risks, charges, expenses, and other information.
Lastly, Tri-Continental Corporation is managed by Columbia Management Investment Advisers, LLC, under the global brand name of Columbia Threadneedle Investments®. Investors are reminded that past performance does not guarantee future results and that investment products are not insured by the FDIC, NCUA, or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.
For further information, investors can visit the Securities and Exchange Commission’s EDGAR database or contact the Corporation’s transfer agent at 800-345-6611. Today the company's shares have moved -0.6% to a price of $33.05. For the full picture, make sure to review TRI-CONTINENTAL Corp's 8-K report.
