Tri Continental Falls into Oversold Zone (TY)
Oversold Status of Tri Continental Corporation: Tri Continental Corporation (TY) shares have entered oversold territory with an RSI reading of 28.0, indicating potential exhaustion of recent selling pressure.
Comparison with S&P 500 ETF: The current RSI for the S&P 500 ETF (SPY) is 48.9, suggesting that TY's lower RSI may present a buying opportunity for bullish investors.
52-Week Performance Range: TY's shares have a 52-week low of $26.54 and a high of $35.0528, with the last trade recorded at $32.50.
Author's Views Disclaimer: The opinions expressed in the article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
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Oversold Status of Tri Continental Corporation: Tri Continental Corporation (TY) shares have entered oversold territory with an RSI reading of 28.0, indicating potential exhaustion of recent selling pressure.
Comparison with S&P 500 ETF: The current RSI for the S&P 500 ETF (SPY) is 48.9, suggesting that TY's lower RSI may present a buying opportunity for bullish investors.
52-Week Performance Range: TY's shares have a 52-week low of $26.54 and a high of $35.0528, with the last trade recorded at $32.50.
Author's Views Disclaimer: The opinions expressed in the article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
Dividend Declaration: Tri-Continental Corporation announced a fourth quarter ordinary income distribution of $0.2711 per share for Common Stock and $0.6250 per share for Preferred Stock, along with a capital gain distribution of $2.0443 per share for Common Stock, to be paid in December 2025 and January 2026.
Distribution Options: Stockholders of Common Stock can choose to receive the capital gain distribution in various combinations of shares and cash, with options including 75% shares and 25% cash, 50% shares and 50% cash, or 100% cash.
Investment Risks: The Corporation's investments are subject to various risks, including market risk, credit risk, and interest rate risk, which may affect the value of investments and the performance of the Corporation's shares.
Investment Considerations: Potential investors are advised to carefully review the Corporation's prospectus for detailed information on investment objectives, risks, and expenses before making investment decisions, as there are no guarantees of achieving investment goals or making distributions.
Stock Performance: Tri Continental Corporation's $2.50 Cumulative Preferred Stock (TY.PR) is up approximately 1.4% in Friday trading, while the common shares (TY) have increased by about 0.1%.
Dividend History: A chart detailing the historical dividend payments for Tri Continental Corporation's $2.50 Cumulative Preferred Stock is provided.
Comparison Chart: A chart comparing the one-year performance of TY.PR shares against TY is included.
Author's Opinion Disclaimer: The views expressed in the article are those of the author and do not necessarily represent the opinions of Nasdaq, Inc.
Dividend Declaration: Tri-Continental Corporation announced a third quarter ordinary income distribution of $0.2654 per share for Common Stock and $0.6250 per share for Preferred Stock, with payment dates set for September 24 and October 1, 2025, respectively.
Investment Risks: The Corporation's investments are subject to various risks, including market risk, credit risk, and interest rate risk, which may affect the value of investments and the ability to meet distribution goals.
Dividend Declaration: Tri-Continental (NYSE: TY) has declared a quarterly dividend of $0.2654 per share.
Dividend Details: The dividend is payable on October 1, with shareholders of record on September 16, and the ex-dividend date is also September 16.
Annual Meeting Outcomes: Tri-Continental Corporation held its 95th Annual Meeting of Stockholders, where stockholders re-elected four directors for terms expiring in 2028 and ratified PricewaterhouseCoopers LLP as the independent accounting firm for the 2025 fiscal year.
Investment Considerations: Investors are advised to carefully review the investment objectives, risks, charges, and expenses associated with the Corporation before investing, and can obtain a prospectus for detailed information.









