Columbia Seligman Premium Technology Growth Fund, Inc. Announces Executive Changes
June 15, 2020 at 11:24 am EDT
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Columbia Seligman Premium Technology Growth Fund elected one Director, Mr. Brian J. Gallagher, at the Meeting. Additionally, following the Meeting, the Board held a meeting at which its members considered and, thereafter, unanimously appointed Sandra Yeager to the Fund’s Board. Her service with the Board commenced June 15, 2020, for a term expiring at the 2021 annual meeting of stockholders. Ms. Yeager currently serves on the board of trustees of certain of the mutual funds within the Columbia Funds Complex (the Columbia Funds Board) and, effective June 15, 2020, on the board of another Columbia closed-end fund. In addition to her duties as a director, Ms. Yeager will also serve on the Board’s Audit Committee, Contracts Committee, and Investment Review Committee. Ms. Yeager has over 26 years of experience in the financial services industry. In August of 2008 she founded Hanoverian Capital, LLC where she served as President and Chief Investment Officer through December 2016.
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.