Columbia Seligman Premium Technology Growth Fund Announces Fourth Quarter Distribution: 9.25% Annual Rate for IPO Investors

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Nov 06, 2020
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Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a fourth-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 fourth-quarter distribution of $0.4625 per share is equal to a quarterly rate of 2.1683% (8.67% annualized) of the Fund’s market price of $21.33 per share as of October 31, 2020.