Tri-Continental Corporation (the Corporation) (NYSE: TY) today declared a fourth quarter ordinary income distribution of $0.2515 per share of Common Stock and $0.6250 per share of Preferred Stock. In addition, the Corporation declared a total capital gain distribution of $0.7401 per share of Common Stock.
This capital gains distribution consists of short-term capital gains of $0.1247 and long-term capital gains of $0.6154. Distributions on Common Stock will be paid on December 27, 2018 to Common Stockholders of record on December 19, 2018 and dividends on Preferred Stock will be paid on January 2, 2019 to Preferred Stockholders of record on December 19, 2018. The ex-dividend date for both the Common Stock and the Preferred Stock is December 18, 2018. The $0.2515 per share ordinary income distribution and the $0.7401 per share capital gain distribution on the Common Stock is in accordance with the Corporations distribution policy. The capital gain distribution, being a special distribution, will be paid in stock except that any stockholder of record as of December 19, 2018, may elect to receive such distribution The Corporation has paid dividends on its common stock for 74 consecutive years. The Corporations investment manager is Columbia Management The Corporations distributions on common stock will vary. The Corporations current distributions (as estimated by the Corporation based on current information) are from the earnings and profits of the Corporation. No amount of the Corporations current distribution consists of a return of capital …
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Source: US SEC
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