Columbia Seligman Premium Technology Growth Fund Announces a Special Fourth Quarter Distribution
Columbia Seligman Premium Technology Growth Fund Inc (STK)
US:NYSE Investor Relations:
columbiathreadneedleus.com/investment-products/closed-end-funds
Company Research
Source: Business Wire
BOSTON--(BUSINESS WIRE)-- Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a special fourth quarter distribution, beyond its typical quarterly managed distribution policy, in the amount of $0.7806 per share. A federal excise tax of 4% applies to funds that do not distribute all of their annual income (including net gains) before the end of their fiscal year. The Fund’s income for the current fiscal year exceeds the amounts previously distributed pursuant to the quarterly distribution policy. The Fund is distributing this excess income so that it will not incur the 4% federal excise tax in 2017. The distribution will be paid on January 23, 2018 (the Payment Date) to stockholders of record on December 18, 2017 (the Record Date). The ex-dividend date is December 15, 2017. The capital gain distribution, being a special distribution, will automatically be paid in stock
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