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Tri Continental Corporation (TY)

$32.41

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Key data on TY

Market cap

$1.76B

EPS

-5.42

P/E ratio

--

Price to sales

--

Dividend yield

3.346%

Beta

0.852156

Price on TY

Previous close

$34.98

Today's open

$32.50

Day's range

$32.39 - $32.88

52 week range

$26.54 - $35.05

Profile about TY

CEO

Christopher O. Petersen

Employees

--

Headquarters

New York, MA

Exchange

New York Stock Exchange

Shares outstanding

54350935

Issue type

Common Stock

TY industries and sectors

Finance

Asset Management Services

News on TY

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 $0.2711 per share of Common Stock and $0.6250 per share of Preferred Stock. In addition, the Corporation declared a total capital gain distribution of $2.0443 per share of Common Stock. This capital gain distribution consists of short-term capital gains of $0.2541 and long-term capital gains of $1.7902. Distributions on Common Stock will be paid on.

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Business Wire • Nov 18, 2025

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TY: A Solid Hybrid CEF, But AI Concerns Might Be Headwinds

Tri-Continental Corporation (TY) offers a hybrid portfolio of equities and bonds, targeting long-term capital growth and current income for investors. TY boasts a high trailing twelve-month yield of 11.36%, but distributions are variable and heavily reliant on capital gains, making income less predictable. The fund has been experiencing weakness along with the S&P 500, which might be due to investors' concerns about the economic viability of AI.

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Seeking Alpha • Nov 18, 2025

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Income-Covered Closed-End Fund Report, September 2025

This report screens ~400 closed-end funds (CEFs) for those with 100%+ net investment income coverage, highlighting lower risk of distribution cuts. Top lists identify CEFs with the widest discounts, most attractive z-scores, highest covered yields, and best combinations of value and income. Investors are encouraged to use these rankings as a starting point for due diligence, not as final buy or sell recommendations.

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Seeking Alpha • Sep 22, 2025

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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 $0.2654 per share of Common Stock and $0.6250 per share of Preferred Stock. Distributions on Common Stock will be paid on September 24, 2025 to Common Stockholders of record on September 16, 2025, and 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 t.

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Business Wire • Sep 5, 2025

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TY: Large Discount And Decent Performance From This CEF

Tri-Continental Corporation offers a moderate 3.56% yield, outperforming equity indices but lagging peer closed-end funds and even some bonds on income. TY has delivered strong long-term total returns, ranking among the top hybrid CEFs over the past decade, with recent 14-month outperformance versus the S&P 500 Total Return Index. The fund's low relative exposure to mega-cap tech stocks enhances diversification, making it attractive for investors already heavy in traditional equity index funds.

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Seeking Alpha • Aug 8, 2025

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Tri-Continental Corporation Holds 95th Annual Meeting of Stockholders

MINNEAPOLIS--(BUSINESS WIRE)--Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today held its 95th 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 Daniel J. Beckman, Janet Langford Carrig, Douglas A. Hacker, and Sandra L. Yeager, each for a term that will expire at the.

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Business Wire • Jun 24, 2025

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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 $0.2900 per share of Common Stock and $0.6250 per share of Preferred Stock. In addition, the Corporation declared a total capital gain distribution of $0.7620 per share of Common Stock. This capital gain distribution consists of short-term capital gains of $0.1983 and long-term capital gains of $0.5637. Distributions on Common Stock will be paid on.

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Business Wire • May 22, 2025

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Tri-Continental Corporation Announcements Regarding 95th 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 95th Annual Meeting of Stockholders will be held on June 24, 2025 (the Meeting) in Minneapolis, MN. The close of business on April 29, 2025 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.

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Business Wire • Mar 31, 2025

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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 $0.2766 per share of Common Stock and $0.6250 per share of Preferred Stock. Distributions on Common Stock will be paid on March 26, 2025, to Common Stockholders of record on March 18, 2025, and dividends on Preferred Stock will be paid on April 1, 2025 to Preferred Stockholders of record on March 18, 2025. The ex-dividend date for both the Common Sto.

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Business Wire • Mar 7, 2025

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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.

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Business Wire • Jun 25, 2024

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