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About the company
Tri-Continental Corporation (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to produce future growth of both capital and income while providing reasonable current income. It invests primarily for the longer term and has no charter restrictions with respect to its investments. With respect to the Fund's investments, assets may be held in cash or invested in all types of securities, that is, in common stocks, bonds, convertible bonds, debentures, notes, preferred and convertible preferred stocks, rights, and other securities or instruments. It may invest in debt/fixed income instruments and convertible securities that, at the time of purchase, are rated below investment grade or are unrated but determined to be of comparable quality. The Fund may invest in derivatives, such as futures contracts (including equity futures and index futures), to equitize cash. The Fund's manager is Columbia Management Investment Advisers, LLC.
- Revenue in USD (TTM)67.10m
- Net income in USD253.08m
- Incorporated1929
- Employees--
- LocationTri-Continental Corporation290 Congress StreetBOSTON 02210United StatesUSA
- Phone+1 (612) 671-4321
- Websitehttps://www.columbiathreadneedleus.com/investment-products/closed-end-funds/Tri-Continental-Corporation/Class-None/details/?cusip=895436103
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cohen & Steers Qlty Inc Realty Fund Inc | -100.00bn | -100.00bn | 1.48bn | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Blackrock Enhanced Equity Dividend Trust | -100.00bn | -100.00bn | 1.49bn | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Apollo Commercial Real Estate Financ Inc | 810.70m | 41.50m | 1.53bn | 0.00 | 40.72 | 0.6899 | 28.31 | 1.89 | 0.2647 | 0.2647 | 5.60 | 15.63 | 0.086 | -- | 11.77 | -- | 0.6162 | 2.04 | 0.6381 | 2.60 | 42.51 | 56.28 | 7.17 | 28.96 | -- | 2.50 | 0.759 | 155.35 | 41.20 | 14.95 | -83.32 | -26.17 | -- | -5.32 |
| Nuveen California Quality Muncpl IncmFnd | 79.45m | -34.71m | 1.54bn | -- | -- | 0.8668 | -- | 19.44 | -0.2398 | -0.2398 | 0.5489 | 12.31 | 0.0256 | -- | 1.56 | -- | -1.12 | 0.4242 | -1.13 | 0.4273 | 17.15 | 61.49 | -43.68 | 12.85 | -- | 0.2737 | 0.4116 | 615.74 | -85.49 | -35.13 | -963.60 | -- | -- | -5.93 |
| Oaktree Specialty Lending Corp | 398.09m | 114.69m | 1.55bn | 0.00 | 13.06 | 1.02 | -- | 3.89 | 1.50 | 1.50 | 5.22 | 19.14 | 0.132 | -- | 12.01 | -- | 3.80 | 5.09 | 3.91 | 5.28 | 77.43 | 71.61 | 28.81 | 48.09 | -- | 1.61 | 0.5177 | 90.15 | 44.48 | 22.28 | 301.50 | 20.20 | -- | 12.79 |
| Royce Value Trust Inc | 22.28m | 329.64m | 1.57bn | 50.00 | 4.83 | 0.8556 | -- | 70.42 | 2.91 | 2.91 | 0.1963 | 16.42 | 0.0126 | -- | 3.03 | -- | 18.57 | 10.20 | 18.63 | 10.23 | -0.3705 | 25.41 | 1,479.54 | 782.20 | -- | -- | 0.0184 | 66.54 | -6.08 | -2.85 | 171.57 | -- | -- | -1.04 |
| BlackRock Health Sciences Term Trust | 13.15m | 69.86m | 1.58bn | -- | 23.05 | 0.8142 | -- | 119.82 | 0.6327 | 0.6327 | 0.1234 | 17.91 | 0.0065 | -- | 10.77 | -- | 3.46 | -- | 3.47 | -- | -87.50 | -- | 531.41 | -- | -- | -- | 0.0002 | -- | 42.99 | -- | 110.23 | -- | -- | -- |
| Tri-Continental Corp | 67.10m | 253.08m | 1.58bn | -- | 6.13 | 0.9055 | -- | 23.54 | 4.82 | 4.82 | 1.28 | 33.37 | 0.0398 | -- | 4.85 | -- | 15.02 | 10.67 | 15.05 | 10.69 | 89.62 | 88.89 | 377.16 | 287.45 | -- | -- | 0.00 | 65.97 | -1.63 | 1.83 | 186.61 | -- | -- | 3.15 |
| BlackRock Innovation and Growth Trm Trst | 4.44m | 211.57m | 1.61bn | -- | 7.63 | 0.7874 | -- | 363.51 | 0.9317 | 0.9317 | 0.0198 | 9.03 | 0.0022 | -- | 1.96 | -- | 10.26 | -- | 10.33 | -- | -486.14 | -- | 4,767.08 | -- | -- | -- | 0.01 | -- | 26.47 | -- | 112.77 | -- | -- | -- |
| BlackRock ESG Capital Allocatin Trm Trst | 59.33m | 294.92m | 1.65bn | -- | 5.70 | 0.8922 | -- | 27.78 | 2.82 | 2.82 | 0.5823 | 18.05 | 0.0296 | -- | 13.31 | -- | 14.73 | -- | 16.17 | -- | 62.15 | -- | 497.10 | -- | -- | -- | 0.0041 | -- | 38.89 | -- | 194.26 | -- | -- | -- |
| Kayne Anderson Energy Infrstctr Fund Inc | 69.56m | 112.59m | 1.65bn | -- | 18.74 | 0.9277 | -- | 23.71 | 0.5203 | 0.5203 | 0.4113 | 10.51 | 0.0314 | -- | 6.01 | -- | 5.08 | -1.29 | 5.13 | -1.32 | 38.40 | -10.13 | 161.86 | -64.83 | -- | -- | 0.2191 | -- | 22.03 | 22.32 | -65.18 | 23.79 | -- | -14.34 |
| BlackRock Capital Allocation Term Trust | 84.08m | 204.72m | 1.66bn | -- | 8.05 | 0.8876 | -- | 19.69 | 1.90 | 1.90 | 0.7825 | 17.25 | 0.0391 | -- | 7.74 | -- | 9.52 | -- | 10.64 | -- | 72.68 | -- | 243.48 | -- | -- | -- | 0.00 | -- | -3.48 | -- | 163.48 | -- | -- | -- |
| Eaton Vance Tax-Advantgd Divdnd Incm Fnd | -100.00bn | -100.00bn | 1.67bn | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Cornerstone Strategic Value Fund Inc. | -100.00bn | -100.00bn | 1.69bn | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Compass Diversified Holdings | 2.06bn | -108.21m | 1.73bn | 4.39k | -- | 1.69 | 21.15 | 0.8401 | -1.50 | 2.67 | 28.57 | 17.63 | 0.5371 | 1.58 | 6.24 | 468,565.30 | -1.01 | -0.5496 | -1.18 | -0.6476 | 43.39 | 39.15 | -1.88 | -0.9424 | 2.76 | -0.9235 | 0.5239 | -- | 2.48 | 8.69 | -220.52 | -- | 2.08 | -7.03 |
Data as of Apr 24 2024. Currency figures normalised to Tri-Continental Corporation's reporting currency: US Dollar USD
7.15%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Morgan Stanley Smith Barney LLC (Investment Management)as of 31 Dec 2023 | 594.22k | 1.11% |
| Allspring Global Investments LLCas of 31 Mar 2024 | 548.54k | 1.02% |
| Bard Financial Services, Inc.as of 31 Dec 2023 | 537.18k | 1.00% |
| Lazard Asset Management LLCas of 31 Dec 2023 | 449.81k | 0.84% |
| Blue Bell Private Wealth Management LLCas of 31 Dec 2023 | 415.87k | 0.78% |
| Raymond James & Associates, Inc. (Invt Mgmt)as of 31 Dec 2023 | 304.32k | 0.57% |
| UBS Financial Services, Inc.as of 31 Dec 2023 | 250.30k | 0.47% |
| Dubuque Bank & Trust Co. (Investment Management)as of 30 Sep 2023 | 249.73k | 0.47% |
| Relative Value Partners Group LLCas of 31 Dec 2023 | 241.44k | 0.45% |
| HTLF Bank (Wealth Management)as of 31 Dec 2023 | 239.05k | 0.45% |
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Data from 30 Sep 2023 - 31 Mar 2024Source: FactSet Research Systems Inc.
