BOSTON--(BUSINESS WIRE)--Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a third-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 third-quarter distribution of $0.4625 per share is equal to a quarterly rate of 1.4871% (5.95% annualized) of the F
Related Questions
Are there any changes to the fund’s managed distribution policy that could affect future payouts?
What is the expected effect of the distribution on the fund’s dividend yield relative to its benchmark index?
How will the announced third‑quarter distribution affect the short‑term price movement of STK?
Does the distribution indicate confidence in the fund’s cash flow and underlying portfolio performance?
Could the distribution lead to a shift in the fund’s asset allocation or investment strategy?
Will the distribution trigger any tax considerations for current shareholders, especially those who purchased at the IPO price?
How might the distribution influence investor demand for the fund’s shares in the upcoming trading sessions?
Is the 9.25% annualized distribution rate for IPO investors sustainable compared to the fund’s historical payout ratios?
What is the impact of the distribution on the fund’s net asset value (NAV) and yield calculations?
How does this distribution compare to those of similar technology growth funds in the market?