BOSTON--(BUSINESS WIRE)--Nov 19, 2024--
Tri-Continental Corporation (the "Corporation") (NYSE: TY ) today declared a fourth quarter ordinary income distribution of $0.2850 per share of Common Stock and $0.6250 per share of Preferred Stock. In addition, the Corporation declared a total capital gain distribution of $1.9520 per share of Common Stock. This capital gain distribution consists of short-term capital gains of $0.3669 and long-term capital gains of $1.5851. Distributions on Common Stock will be paid on December 23, 2024, to Common Stockholders of record on December 13, 2024, and dividends on Preferred Stock will be paid on January 2, 2025 to Preferred Stockholders of record on December 13, 2024. The ex-dividend date for both the Common Stock and the Preferred Stock is December 13, 2024. The $0.2850 per share ordinary income distribution and the $1.9520 per share capital gain distribution on the Common Stock is in accordance with the Corporation's distribution policy. The capital gain distribution, being a special distribution, will be paid in stock except that any stockholder of record as of December 13, 2024, may elect to receive such distribution as follows: 75% in shares and 25% in cash; 50% in shares and 50% in cash; or 100% in cash.
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