Columbia Seligman Premium Technology Growth Fund, Inc. Declares a First-Quarter Distribution, Payable on February 25, 2020
February 07, 2020 at 10:27 am EST
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Columbia Seligman Premium Technology Growth Fund Inc. declared a first-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 initial public offering in November 2009. The first-quarter distribution of $0.4625 per share is equal to a quarterly rate of 1.9279% (7.71% annualized) of the Funds market price of $23.99 per share as of January 31, 2020. The distribution will be paid on February 25, 2020 (the Payment Date) to Stockholders of record on February 18, 2020. The ex-dividend date is February 14, 2020.
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.
COLUMBIA SELIGMAN PREMIUM TECHNOLOGY GROWTH FUND 
