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

Aug 05, 2022

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 1.507% (6.03% annualized) of the Fund’s market price of $30.69 per share as of July 31, 2022. With respect to the Fund’s second quarter distribution, note below there is a correction to the Fund’s cumulative total return (at NAV) of a share of the Fund’s common stock for the year-to-date period ended April 30, 2022.

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