Columbia Seligman Premium Technology Growth Fund Announces Special Fourth Quarter Distribution, Payable on January 18, 2022
December 03, 2021 at 10:18 am EST
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Columbia Seligman Premium Technology Growth Fund Inc. declared a special fourth quarter distribution, beyond its typical quarterly managed distribution policy, in the amount of $1.2869 per share. A federal excise tax of 4% applies to funds that do not distribute substantially 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 Fund?s quarterly managed distribution policy. The Fund is distributing this excess income so that it will not incur the 4% federal excise tax in 2021. The distribution will be paid on January 18, 2022 (the Payment Date) to stockholders of record on December 13, 2021 (the Record Date). The ex-dividend date is December 10, 2021.
Columbia Seligman Premium Technology Growth Fund, Inc. (the Fund) is a closed-end management investment company. Its investment objective is to seek growth in capital and current income. Its investment program consists primarily of investing in a portfolio of equity securities of technology and technology-related companies and writing call options on the National Association of Securities Dealers Automated Quotations (NASDAQ) 100 Index or its exchange-traded fund equivalent (the NASDAQ 100) on a month-to-month basis. The Fund may also buy or write other call and put options on securities, indices, exchange-traded funds (ETFs) and market baskets of securities. The Fund may hold foreign securities of issuers located or doing substantial business in emerging markets. It invests in various sectors, such as communication services, health care, biotechnology, industrials, and information technology. Columbia Management Investment Advisers, LLC is the investment manager of the Fund.