Columbia Seligman Premium Technology Growth Fund Declares Special Distribution
Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) announced a special fourth quarter distribution to shareholders.
The Fund has declared a special distribution of $3.2669 per share, in addition to its typical quarterly managed distribution policy. This distribution is necessary to meet federal requirements that mandate funds to distribute substantially all of their annual income (including net gains) prior to the end of the fiscal year. Failure to do so would result in a 4% excise tax.
Impact on You:
As a shareholder of the Columbia Seligman Premium Technology Growth Fund, you can expect to receive a special distribution of $3.2669 per share in the fourth quarter. This distribution is separate from the Fund’s regular quarterly managed distributions and aims to comply with federal regulations.
Impact on the World:
The declaration of a special distribution by the Columbia Seligman Premium Technology Growth Fund reflects the Fund’s commitment to maintaining compliance with federal regulations and ensuring the best interests of shareholders. This decision also sets a positive example for other investment funds in the industry.
Conclusion:
The special fourth quarter distribution announced by the Columbia Seligman Premium Technology Growth Fund demonstrates the Fund’s dedication to meeting federal requirements and prioritizing shareholder value. This decision showcases responsible financial management and aligns with the Fund’s commitment to delivering strong results.
