Tri-Continental Corporation Declares Second Quarter Distribution

Tri-Continental Corporation has declared its second quarter distributions for both common and preferred stock. The ordinary income distribution is set at $0.2852 per share for common stock and $0.6250 per share for preferred stock. Additionally, a total capital gain distribution of $0.5442 per share for common stock was declared, comprising $0.1032 in short-term and $0.4410 in long-term capital gains. These distributions will be paid on June 25, 2026, for common stock and July 1, 2026, for preferred stock, with an ex-dividend date of June 16, 2026. The capital gain distribution will be paid in stock, with options for stockholders to receive 75% in shares and 25% in cash, 50% in shares and 50% in cash, or 100% in cash. The Corporation highlighted its consistent dividend payments for 82 consecutive years and noted that its investment manager is Columbia Management Investment Advisers, LLC. The filing also included standard disclosures regarding investment risks, market volatility, and the importance of consulting the prospectus before investing.