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Tri-Continental Corp., $2.50 Cumulative Preferred Stock
Ticker Symbol: TY- CUSIP: 895436202 Exchange: NYSE
QUANTUMONLINE.COM SECURITY DESCRIPTION: Tri-Continental Corp., $2.50 Cumulative Preferred Stock, liquidation preference $50, redeemable anytime at the company's option on 30 days notice at $55.00 per share plus accrued dividends, and not subject to mandatory redemption. Distributions of $2.50 (5%) per annum are paid quarterly on 1/1, 4/1, 7/1 & 10/1. Dividends paid by preferreds issued by closed-end funds can be 0% to 100% eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and can also be 0% to 100% eligible for the dividends received deduction for corporate holders. Tri-Continental Corporation is managed by J. & W. Seligman & Co. Incorporated, a New York based investment manager and advisor, which was founded in 1864.
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Go to Parent Company's Record (TY)
IPO - 5/6/1963 -
Market Value $ Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Address and Phone Numbers |
Address: 290 Congress Street, Boston, MA 02210 |
Main Phone Number |
800-345-6611 |
Fax Number |
Not Available |
Toll Free Phone Number |
800-345-6611 |
PRS - Brian T. Zino |
TRS - Lawrence P. Vogel |
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