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Columbia Seligman Premium Technology Growth Fund Announces First Quarter Distribution: 9.25% Annual Rate for IPO Investors

Columbia Seligman Premium Tech, Inc (STK)  More Company Research Source: Business Wire
PDF BOSTON--(BUSINESS WIRE)-- Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a first-quarter distribution, pursuant to its managed distribution policy, in the amount of $0.4625 per share, which is equal to a quarterly rate of 2.3125% (9.25% annualized) of the $20.00 offering price in the Fund’s initial public offering in November 2009. The first-quarter distribution of $0.4625 per share is equal to a quarterly rate of 2.0638% (8.26% annualized) of the Fund’s market price of $22.41 per share as of January 31, 2018. The distribution will be paid on February 27, 2018 (the Payment Date) to Stockholders of record on February 20, 2018. The ex-dividend date is February 16, 2018. It is anticipated that the Fund will make a subsequent distribution under its managed distribution policy in the month of May. Prior to the managed distribution policy, the Fund paid di [Read more]

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