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Tri-Continental Corporation Holds 96th Annual Meeting of Stockholders
Business Wire (Tue, 16-Jun 1:43 PM ET)
Tri-Continental Corporation Declares Second Quarter Distribution
Business Wire (Thu, 21-May 10:30 AM ET)
The funds objective is to produce future growth of both capital and income while providing reasonable current incomes. The fund uses a quantitative strategy that evaluates stocks based on three broad sub-components - quality, valuation and catalysts (sometimes called momentum). In addition, a portion of the fund uses a fundamental strategy that takes a holistic view, exploring all types of securities issued by one company to determine best risk/reward profile for the portfolio. Investments include preferred and common stocks, convertible securities (including convertible preferred stocks and convertible bonds, debt securities, repurchase agreements, derivatives, including options, futures contracts and equity-linked notes, illiquid securities and securities of foreign issuers (including emerging markets issuers).
Tri-Continental Co trades on the NYSE stock market under the symbol TY.
As of July 16, 2026, TY stock price declined to $34.88 with 10,859 million shares trading.
TY has a beta of 0.70, meaning it tends to be less sensitive to market movements. TY has a correlation of 0.76 to the broad based SPY ETF.
TY has a market cap of $1.86 billion. This is considered a Small Cap stock.
In the last 3 years, TY traded as high as $36.05 and as low as $25.16.
TY has underperformed the market in the last year with a price return of +21.2% while the SPY ETF gained +22.1%. TY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +6.4% and +0.2%, respectively, while the SPY returned +7.7% and +0.8%, respectively.
TY support price is $34.51 and resistance is $35.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TY shares will trade within this expected range on the day.