TRI-Continental Corp
About: Tri-Continental Corp is a United States-based closed-end management investment company. It invests to produce future growth of both capital and income while providing reasonable current income. The fund is divided into two equal segments namely, the equity segment uses quantitative models to select individual stocks whereas the Flexible capital income segment invests across a company's investable capital structure, including stocks, bonds, and convertible securities. The Fund invests in a range of sectors, which include consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, industrials, materials, real estate, telecommunication services, utilities, aerospace and defense, banking, chemicals, and others.
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
34% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 32
33% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]
3% more capital invested
Capital invested by funds: $218M [Q2] → $225M (+$7.03M) [Q3]
0.01% more ownership
Funds ownership: 13.54% [Q2] → 13.55% (+0.01%) [Q3]
0% more funds holding
Funds holding: 134 [Q2] → 134 (+0) [Q3]
0% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 12
Research analyst outlook
We haven’t received any recent analyst ratings for TY.
Financial journalist opinion
Neutral
Business Wire
1 month ago
Tri-Continental Corporation Declares Fourth Quarter Distribution
BOSTON--(BUSINESS WIRE)--Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a fourth quarter ordinary income distribution of $0.2850 per share of Common Stock and $0.6250 per share of Preferred Stock. In addition, the Corporation declared a total capital gain distribution of $1.9520 per share of Common Stock. This capital gain distribution consists of short-term capital gains of $0.3669 and long-term capital gains of $1.5851. Distributions on Common Stock will be paid on.
Neutral
Business Wire
3 months ago
Tri-Continental Corporation Declares Third Quarter Distribution
BOSTON--(BUSINESS WIRE)--Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a third quarter ordinary income distribution of $0.2914 per share of Common Stock and $0.6250 per share of Preferred Stock. Distributions on Common Stock will be paid on September 23, 2024 to Common Stockholders of record on September 13, 2024, and dividends on Preferred Stock will be paid on October 1, 2024 to Preferred Stockholders of record on September 13, 2024. The ex-dividend date for both t.
Neutral
Business Wire
5 months ago
Tri-Continental Corporation Holds 94th Annual Meeting of Stockholders
MINNEAPOLIS--(BUSINESS WIRE)--Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today held its 94th Annual Meeting of Stockholders (the “Meeting”) in Minneapolis, Minnesota. Stockholders voted in favor of the recommendations of the Corporation's Board of Directors (the “Board”) on each of two proposals at the Meeting. Specifically, Stockholders re-elected Directors Kathleen Blatz, Pamela G. Carlton and George S. Batejan and elected David M. Moffett, each for a term that will expire at.
Neutral
Business Wire
5 months ago
PharmaEssentia Completes Patient Enrollment for Phase 2b EXCEED-ET Trial in Essential Thrombocythemia and Phase 3b ECLIPSE-PV Trial in Polycythemia Vera
BURLINGTON, Mass.--(BUSINESS WIRE)--PharmaEssentia USA Corporation, a subsidiary of PharmaEssentia Corporation (TWSE: 6446), a global biopharmaceutical innovator based in Taiwan leveraging deep expertise and proven scientific principles to deliver new biologics in hematology, oncology and immunology, today announced completion of enrollment for two clinical trials evaluating its ropeginterferon alfa-2b-njft (BESREMi®). The Phase 2b EXCEED-ET trial (NCT05482971), which is evaluating the effectiv.
Positive
Seeking Alpha
6 months ago
TY: Massive Discount, But Variable Distribution Might Not Appeal To Everyone
Tri-Continental Corporation offers exposure to domestic equity securities with a 3.82% yield, lower than peers but higher than American common equity indices. The TY closed-end fund's shares have gained 14.81% over the past five years, underperforming the S&P 500 but outperforming investment-grade bonds. The fund's portfolio primarily consists of common stocks, with an emphasis on high-yielding dividend stocks, and trades at a 12.06% discount to net asset value.
Neutral
Business Wire
7 months ago
Tri-Continental Corporation Declares Second Quarter Distribution
BOSTON--(BUSINESS WIRE)--Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a second quarter ordinary income distribution of $0.2905 per share of Common Stock and $0.6250 per share of Preferred Stock. In addition, the Corporation declared a total long-term capital gain distribution of $0.2878 per share of Common Stock. Distributions on Common Stock will be paid on June 18, 2024 to Common Stockholders of record on June 10, 2024, and dividends on Preferred Stock will be pai.
Neutral
Business Wire
9 months ago
Tri-Continental Corporation Announcements Regarding 94th Annual Meeting of Stockholders
BOSTON--(BUSINESS WIRE)--The Board of Directors (the Board) of Tri-Continental Corporation (the Corporation) (NYSE: TY) today announced that the Corporation's 94th Annual Meeting of Stockholders will be held on June 25, 2024 (the Meeting) in Minneapolis, MN. The close of business on April 16, 2024 has been fixed by the Corporation's Board as the record date for the determination of Stockholders entitled to notice of, and to vote at, the Meeting or any postponement or adjournment thereof. At the.
Neutral
Business Wire
9 months ago
Tri-Continental Corporation Declares First Quarter Distribution
BOSTON--(BUSINESS WIRE)--Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a first quarter ordinary income distribution of $0.2560 per share of Common Stock and $0.6250 per share of Preferred Stock. Distributions on Common Stock will be paid on March 19, 2024 to Common Stockholders of record on March 11, 2024, and dividends on Preferred Stock will be paid on April 1, 2024 to Preferred Stockholders of record on March 11, 2024. The ex-dividend date for both the Common Stoc.
Positive
Seeking Alpha
1 year ago
Tri-Continental Corp: Thank You For Delivering A Solid 2023
Tri-Continental Corporation is a well-managed closed-end fund with strong long-term performance and a sustainable distribution yield. TY is well positioned in the current equity markets, with top holdings in leading growth stocks like Microsoft, Apple, Alphabet, Meta, and Nvidia. TY has consistently delivered impressive returns over the long-term and pays distributions based on earnings, unlike "return of principal" funds.
Neutral
Business Wire
1 year ago
Tri-Continental Corporation Declares Fourth Quarter Distribution
BOSTON--(BUSINESS WIRE)--Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a fourth quarter ordinary income distribution of $0.2765 per share of Common Stock and $0.6250 per share of Preferred Stock. In addition, the Corporation declared a total long-term capital gain distribution of $0.1010 per share of Common Stock. Distributions on Common Stock will be paid on December 19, 2023 to Common Stockholders of record on December 11, 2023 and dividends on Preferred Stock will.
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