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Stock impact report

TY: A Solid Hybrid CEF, But AI Concerns Might Be Headwinds [Seeking Alpha]

Tri Continental Corporation (TY) 
Company Research Source: Seeking Alpha
TY boasts a high trailing twelve-month yield of 11.36%, but distributions are variable and heavily reliant on capital gains, making income less predictable. The fund has been experiencing weakness along with the S&P 500, which might be due to investors' concerns about the economic viability of AI. Shares trade at a 10.60% discount to NAV, with a low expense ratio, making TY suitable for wealth builders or those seeking an end-of-year income boost. asbe/iStock via Getty Images Tri-Continental Corporation ( TY ) is a closed-end fund that invests primarily in a portfolio of common equities with the goal of providing its investors with a high level of current income and capital appreciation. The fund's website states: Target long-term capital More on my IG service At Energy Profits in Dividends, we seek to generate a 7%+ income yield by investing in a portfolio of energy stocks while minimizing our risk of principal loss. By subscribing, you will get access to our best idea Show less Read more
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