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Security Details
- Coupon Rate
- 5.00%
- Liquidation Preference
- $50.00
- Call Price
- $55.00
- Call / Redemption Date
- —
- Maturity Date
- None
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 2.50
- Distribution Dates
- 1/1, 4/1, 7/1 & 10/1
- Credit Ratings
- Moody's NF · S&P NF (6/15/2025)
- Tax-Advantaged Dividends
- Variable
Security Profile
- CUSIP
- 895436202
- Market Cap
- Micro Cap
- IPO
- 5/6/1963
- Parent Company
- Tri-Continental Corp. (TY)
Fund 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. <p> Distributions of $2.50 (5%) per annum are paid quarterly on 1/1, 4/1, 7/1 & 10/1. <p> 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. <p> Tri-Continental Corporation is managed by J. & W. Seligman & Co. Incorporated, a New York based investment manager and advisor, which was founded in 1864.
Company Contact
- PRS
- Brian T. Zino
- TRS
- Lawrence P. Vogel
- Headquarters
- 290 Congress Street, Boston, MA 02210
- Phone
- 800-345-6611 · Toll-Free 800-345-6611