CEF Advisors AICA Event NAVigator Podcast

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Tri-Continental Corporation (TY)

U.S. Equity Funds - General Equity Funds

Data as of July 16, 2024
Market Price $31.87 (+ $0.12)
NAV (July 16, 2024) $36.31 (+ $0.31)
Fund Listed NYSE
Premium / Discount -12.23% (-0.42%)
Fund Info
Inception Jan. 14, 1929
Sponsor Columbia Management Investment Advisers
Website https://www.columbiath...
Phone 800.345.6611
Location Massachusetts
Incorporated Maryland
Staggered Board Yes
Term Date N/A
Objective: Future growth of capital and income while providing reasonable current incomes.
Related Indexes
Global Equity Index
60/40 Balanced (w/ BDCs) Index
All Sector Equity CEF Index
Capital & Leverage
Outstanding Shares 52,396,942
Total Assets (Reported: Dec. 31, 2023) $1,753M
Estimated Total Assets $1,941M
Net Assets $1,903M
Market Cap $1,670M
Portfolio Turnover 25.00%
Total Leverage 2.00%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 0.59%
Non Lev Exp Ratio 0.47%
Rel Lev Cost 5.86%
Discount Data
Average Discount (3 Yr) -11.63%
Discount Low(3 Yr) -13.69%
Discount High(3 Yr) -8.82%
Discount Rel Range (3 Yr) 30.01%
Comp Discount -7.49
Discount St Dev (1Yr) 0.44
Z-Stat (6mo) 0.50
Z-Stat (1Yr) 0.12
Z-Stat (3Yr) -0.61
Comp Z-Stat (6mo) 0.09
Comp Z-Stat (3Yr) -0.25
Distribution Data
Market Yield 3.65%
Income Yield 3.65%
Lev Adj NAV Yield 3.14%
Distribution Frequency Q
Current Distribution $0.291
Current Income $0.291
Ex-Date 6/10/24
Payable Date 6/18/24
Div Growth (3yr) 21.65%
Dividend Change 13.5% on 5/16/24
Expected Div 9/3/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2023 2021 - 2023
Income 88.9% 61.8%
ST Gains 0% 0%
QDI 45.0% 27.5%
LT Gains 11.1% 38.2%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $1,070
Avg Volume 30 day 42,833
Avg Volume 90 day 33,573
Volume Trend 27.58%
Comp Volume Trend 21.34%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's US Equity Index
Most Correlated Peer (Mk Pr): GAM 90.0%
NAV - Price Correlation (30 d) 96.8%
NAV - Price Correlation (90 d) 98.9%
NAV - Price Correlation (1 Yr) 99.6%
Price St Dev (1Yr) 11.1%
NAV St Dev (1Yr) 9.4%
Earnings / Share (12/31/23) $0.267
Earn Coverage 92.01%
Earnings Trend Up
UNII / Share (12/31/23) $0.009
Rel UNII 0.80
UNII Trend Down
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's US Equity Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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