Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (n-q)
November 28 2017 - 11:14AM
Edgar (US Regulatory)
|
|
|
|
|
OMB APPROVAL
|
OMB Number:
|
|
3235-0578
|
Expires:
|
|
March 31, 2019
|
Estimated average burden
|
hours per response
|
|
10.5
|
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
N-Q
QUARTERLY
SCHEDULE OF PORTFOLIO HOLDINGS
OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number
811-00266
Tri-Continental
Corporation
(Exact name of registrant as specified in charter)
|
|
|
225 Franklin Street, Boston, Massachusetts
|
|
02110
|
(Address of principal executive offices)
|
|
(Zip code)
|
Scott R. Plummer
5228
Ameriprise Financial Center
Minneapolis, MN 55474
(Name and address of agent for service)
Registrants telephone number, including area code: (800)
345-6611
Date of fiscal year end: December 31
Date of reporting period: September 30, 2017
Item 1. Schedule of Investments.
Portfolio of Investments
Tri-Continental Corporation, September 30, 2017 (Unaudited)
(Percentages represent value of investments compared to net
assets)
Common
Stocks 66.5%
|
Issuer
|
Shares
|
Value
($)
|
Consumer
Discretionary 6.7%
|
Hotels,
Restaurants & Leisure 2.0%
|
Darden
Restaurants, Inc.
|
105,200
|
8,287,656
|
Extended
Stay America, Inc.
|
415,000
|
8,300,000
|
Royal
Caribbean Cruises Ltd.
|
82,000
|
9,720,280
|
Six
Flags Entertainment Corp.
|
110,000
|
6,703,400
|
Total
|
|
33,011,336
|
Household
Durables 0.1%
|
PulteGroup,
Inc.
|
30,000
|
819,900
|
Internet
& Direct Marketing Retail 0.3%
|
Amazon.com,
Inc.
(a)
|
1,500
|
1,442,025
|
Expedia,
Inc.
|
19,500
|
2,806,830
|
Liberty
Interactive Corp., Class A
(a)
|
39,500
|
931,015
|
Total
|
|
5,179,870
|
Leisure
Products 0.3%
|
Hasbro,
Inc.
|
47,700
|
4,658,859
|
Media
1.6%
|
Charter
Communications, Inc., Class A
(a)
|
42,500
|
15,445,350
|
Comcast
Corp., Class A
|
151,200
|
5,818,176
|
News
Corp., Class A
|
405,900
|
5,382,234
|
Total
|
|
26,645,760
|
Specialty
Retail 2.1%
|
Best
Buy Co., Inc.
|
231,800
|
13,203,328
|
Ross
Stores, Inc.
|
176,000
|
11,364,320
|
TJX
Companies, Inc. (The)
|
127,500
|
9,400,575
|
Total
|
|
33,968,223
|
Textiles,
Apparel & Luxury Goods 0.3%
|
Ralph
Lauren Corp.
|
56,900
|
5,023,701
|
Total
Consumer Discretionary
|
109,307,649
|
Consumer
Staples 6.0%
|
Food
& Staples Retailing 2.7%
|
CVS
Health Corp.
|
154,900
|
12,596,468
|
SYSCO
Corp.
|
193,400
|
10,433,930
|
Wal-Mart
Stores, Inc.
|
267,000
|
20,863,380
|
Total
|
|
43,893,778
|
Food
Products 0.8%
|
Tyson
Foods, Inc., Class A
|
181,700
|
12,800,765
|
Common
Stocks (continued)
|
Issuer
|
Shares
|
Value
($)
|
Household
Products 0.8%
|
Procter
& Gamble Co. (The)
|
144,300
|
13,128,414
|
Tobacco
1.7%
|
Altria
Group, Inc.
|
407,700
|
25,856,334
|
Philip
Morris International, Inc.
|
13,600
|
1,509,736
|
Total
|
|
27,366,070
|
Total
Consumer Staples
|
97,189,027
|
Energy
3.8%
|
Energy
Equipment & Services 0.1%
|
Halliburton
Co.
|
44,600
|
2,052,938
|
Oil,
Gas & Consumable Fuels 3.7%
|
BP
PLC, ADR
|
225,000
|
8,646,750
|
Chevron
Corp.
(b)
|
102,500
|
12,043,750
|
ConocoPhillips
|
328,800
|
16,456,440
|
Goodrich
Petroleum Corp.
(a)
|
57,222
|
555,626
|
Goodrich
Petroleum Corp.
(a),(c),(d)
|
3,824,000
|
4
|
Suncor
Energy, Inc.
|
185,000
|
6,480,550
|
Valero
Energy Corp.
|
209,300
|
16,101,449
|
Total
|
|
60,284,569
|
Total
Energy
|
62,337,507
|
Financials
10.7%
|
Banks
5.1%
|
Bank
of America Corp.
|
1,205,500
|
30,547,370
|
Citigroup,
Inc.
|
117,500
|
8,546,950
|
Citizens
Financial Group, Inc.
|
62,200
|
2,355,514
|
First
Hawaiian, Inc.
|
147,500
|
4,467,775
|
JPMorgan
Chase & Co.
|
263,200
|
25,138,232
|
PacWest
Bancorp
|
175,000
|
8,839,250
|
PNC
Financial Services Group, Inc. (The)
|
24,500
|
3,301,865
|
Zions
Bancorporation
|
18,300
|
863,394
|
Total
|
|
84,060,350
|
Capital
Markets 2.3%
|
Ares
Capital Corp.
|
510,000
|
8,358,900
|
Franklin
Resources, Inc.
|
149,300
|
6,645,343
|
S&P
Global, Inc.
|
104,100
|
16,271,871
|
T.
Rowe Price Group, Inc.
|
19,600
|
1,776,740
|
TCG
BDC, Inc.
|
215,000
|
4,046,300
|
Total
|
|
37,099,154
|
Tri-Continental
Corporation | Quarterly Report 2017
|
1
|
Portfolio of Investments
(continued)
Tri-Continental Corporation, September 30, 2017 (Unaudited)
Common
Stocks (continued)
|
Issuer
|
Shares
|
Value
($)
|
Consumer
Finance 0.1%
|
Navient
Corp.
|
71,400
|
1,072,428
|
Insurance
2.5%
|
Allstate
Corp. (The)
|
151,300
|
13,905,983
|
Everest
Re Group Ltd.
|
6,100
|
1,393,179
|
Marsh
& McLennan Companies, Inc.
|
138,900
|
11,641,209
|
MetLife,
Inc.
|
75,000
|
3,896,250
|
Prudential
Financial, Inc.
|
61,000
|
6,485,520
|
Validus
Holdings Ltd.
|
85,000
|
4,182,850
|
Total
|
|
41,504,991
|
Mortgage
Real Estate Investment Trusts (REITS) 0.7%
|
Blackstone
Mortgage Trust, Inc.
|
100,000
|
3,102,000
|
Starwood
Property Trust, Inc.
|
370,000
|
8,036,400
|
Total
|
|
11,138,400
|
Total
Financials
|
174,875,323
|
Health
Care 9.1%
|
Biotechnology
2.3%
|
AbbVie,
Inc.
|
97,500
|
8,663,850
|
Alexion
Pharmaceuticals, Inc.
(a)
|
29,800
|
4,180,642
|
Biogen,
Inc.
(a)
|
15,400
|
4,822,048
|
BioMarin
Pharmaceutical, Inc.
(a)
|
20,300
|
1,889,321
|
Celgene
Corp.
(a)
|
36,500
|
5,322,430
|
Gilead
Sciences, Inc.
|
93,700
|
7,591,574
|
TESARO,
Inc.
(a)
|
11,400
|
1,471,740
|
Vertex
Pharmaceuticals, Inc.
(a)
|
28,650
|
4,355,946
|
Total
|
|
38,297,551
|
Health
Care Equipment & Supplies 1.5%
|
Baxter
International, Inc.
|
247,400
|
15,524,350
|
Medtronic
PLC
|
105,000
|
8,165,850
|
Total
|
|
23,690,200
|
Health
Care Providers & Services 1.5%
|
Centene
Corp.
(a)
|
150,300
|
14,544,531
|
Express
Scripts Holding Co.
(a)
|
153,300
|
9,706,956
|
Total
|
|
24,251,487
|
Common
Stocks (continued)
|
Issuer
|
Shares
|
Value
($)
|
Pharmaceuticals
3.8%
|
Johnson
& Johnson
|
79,700
|
10,361,797
|
Mallinckrodt
PLC
(a)
|
71,700
|
2,679,429
|
Merck
& Co., Inc.
|
425,200
|
27,225,556
|
Pfizer,
Inc.
|
595,909
|
21,273,951
|
Total
|
|
61,540,733
|
Total
Health Care
|
147,779,971
|
Industrials
6.3%
|
Aerospace
& Defense 2.5%
|
Boeing
Co. (The)
|
79,700
|
20,260,537
|
L3
Technologies, Inc.
|
32,500
|
6,123,975
|
Lockheed
Martin Corp.
|
27,500
|
8,532,975
|
United
Technologies Corp.
|
42,900
|
4,979,832
|
Total
|
|
39,897,319
|
Airlines
0.8%
|
Southwest
Airlines Co.
|
247,000
|
13,827,060
|
Electrical
Equipment 0.6%
|
Rockwell
Automation, Inc.
|
57,000
|
10,157,970
|
Industrial
Conglomerates 1.0%
|
Honeywell
International, Inc.
|
119,800
|
16,980,452
|
Machinery
0.2%
|
Ingersoll-Rand
PLC
|
41,000
|
3,655,970
|
Professional
Services 0.1%
|
Nielsen
Holdings PLC
|
27,000
|
1,119,150
|
Trading
Companies & Distributors 0.6%
|
WW
Grainger, Inc.
|
53,900
|
9,688,525
|
Transportation
Infrastructure 0.5%
|
Macquarie
Infrastructure Corp.
|
105,000
|
7,578,900
|
Total
Industrials
|
102,905,346
|
Information
Technology 14.8%
|
Communications
Equipment 1.9%
|
Cisco
Systems, Inc.
|
737,100
|
24,788,673
|
F5
Networks, Inc.
(a)
|
51,200
|
6,172,672
|
Total
|
|
30,961,345
|
Electronic
Equipment, Instruments & Components 0.4%
|
Corning,
Inc.
|
210,000
|
6,283,200
|
2
|
Tri-Continental Corporation
| Quarterly Report 2017
|
Portfolio of Investments
(continued)
Tri-Continental Corporation, September 30, 2017 (Unaudited)
Common
Stocks (continued)
|
Issuer
|
Shares
|
Value
($)
|
Internet
Software & Services 2.9%
|
Alphabet,
Inc., Class A
(a)
|
8,500
|
8,276,620
|
Facebook,
Inc., Class A
(a)
|
149,300
|
25,510,891
|
VeriSign,
Inc.
(a)
|
132,200
|
14,064,758
|
Total
|
|
47,852,269
|
IT
Services 1.5%
|
Automatic
Data Processing, Inc.
|
34,500
|
3,771,540
|
Booz
Allen Hamilton Holdings Corp.
|
102,500
|
3,832,475
|
MasterCard,
Inc., Class A
|
115,200
|
16,266,240
|
Total
|
|
23,870,255
|
Semiconductors
& Semiconductor Equipment 3.1%
|
Analog
Devices, Inc.
|
72,500
|
6,247,325
|
Broadcom
Ltd.
|
89,100
|
21,610,314
|
Intel
Corp.
|
146,700
|
5,586,336
|
KLA-Tencor
Corp.
|
45,000
|
4,770,000
|
Lam
Research Corp.
|
37,500
|
6,939,000
|
Maxim
Integrated Products, Inc.
|
130,000
|
6,202,300
|
Total
|
|
51,355,275
|
Software
3.8%
|
Adobe
Systems, Inc.
(a)
|
88,900
|
13,262,102
|
Cadence
Design Systems, Inc.
(a)
|
27,800
|
1,097,266
|
Electronic
Arts, Inc.
(a)
|
118,600
|
14,001,916
|
Microsoft
Corp.
|
440,000
|
32,775,600
|
Total
|
|
61,136,884
|
Technology
Hardware, Storage & Peripherals 1.2%
|
Apple,
Inc.
|
123,450
|
19,026,114
|
Total
Information Technology
|
240,485,342
|
Materials
2.2%
|
Chemicals
1.6%
|
DowDuPont,
Inc.
|
95,000
|
6,576,850
|
Eastman
Chemical Co.
|
11,100
|
1,004,439
|
LyondellBasell
Industries NV, Class A
|
162,200
|
16,065,910
|
Monsanto
Co.
|
12,600
|
1,509,732
|
Total
|
|
25,156,931
|
Containers
& Packaging 0.4%
|
International
Paper Co.
|
75,000
|
4,261,500
|
Packaging
Corp. of America
|
25,700
|
2,947,276
|
Total
|
|
7,208,776
|
Common
Stocks (continued)
|
Issuer
|
Shares
|
Value
($)
|
Metals
& Mining 0.2%
|
Warrior
Met Coal, Inc.
|
150,000
|
3,535,500
|
Total
Materials
|
35,901,207
|
Real
Estate 2.3%
|
Equity
Real Estate Investment Trusts (REITS) 2.3%
|
Alexandria
Real Estate Equities, Inc.
|
50,000
|
5,948,500
|
American
Tower Corp.
|
111,700
|
15,267,156
|
Equinix,
Inc.
|
13,200
|
5,891,160
|
Host
Hotels & Resorts, Inc.
|
215,300
|
3,980,897
|
SBA
Communications Corp.
(a)
|
41,900
|
6,035,695
|
Total
|
|
37,123,408
|
Total
Real Estate
|
37,123,408
|
Telecommunication
Services 1.7%
|
Diversified
Telecommunication Services 1.7%
|
AT&T,
Inc.
|
710,600
|
27,834,202
|
Total
Telecommunication Services
|
27,834,202
|
Utilities
2.9%
|
Electric
Utilities 1.5%
|
American
Electric Power Co., Inc.
|
85,000
|
5,970,400
|
Entergy
Corp.
|
158,000
|
12,064,880
|
Xcel
Energy, Inc.
|
125,000
|
5,915,000
|
Total
|
|
23,950,280
|
Independent
Power and Renewable Electricity Producers 0.5%
|
NRG
Yield, Inc. Class A
|
422,291
|
8,010,860
|
Multi-Utilities
0.9%
|
Ameren
Corp.
|
51,800
|
2,996,112
|
CenterPoint
Energy, Inc.
|
410,100
|
11,979,021
|
Total
|
|
14,975,133
|
Total
Utilities
|
46,936,273
|
Total
Common Stocks
(Cost $1,006,185,672)
|
1,082,675,255
|
Convertible
Bonds 10.2%
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value
($)
|
Automotive
0.5%
|
Navistar
International Corp.
|
04/15/2019
|
4.750%
|
|
7,709,000
|
8,450,991
|
Tri-Continental
Corporation | Quarterly Report 2017
|
3
|
Portfolio of Investments
(continued)
Tri-Continental Corporation, September 30, 2017 (Unaudited)
Convertible
Bonds (continued)
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value
($)
|
Cable
and Satellite 0.5%
|
DISH
Network Corp.
|
08/15/2026
|
3.375%
|
|
7,300,000
|
8,166,875
|
Health
Care 0.7%
|
Invacare
Corp.
|
02/15/2021
|
5.000%
|
|
3,195,000
|
3,814,031
|
Novavax,
Inc.
|
02/01/2023
|
3.750%
|
|
5,400,000
|
2,430,000
|
Teladoc,
Inc.
(e)
|
12/15/2022
|
3.000%
|
|
4,000,000
|
4,330,120
|
Total
|
10,574,151
|
Home
Construction 0.4%
|
SunPower
Corp.
|
01/15/2023
|
4.000%
|
|
7,500,000
|
6,197,813
|
Independent
Energy 0.5%
|
Chesapeake
Energy Corp.
(e)
|
09/15/2026
|
5.500%
|
|
9,400,000
|
8,647,699
|
Chesapeake
Energy Corp.
|
12/15/2038
|
2.250%
|
|
10,000
|
9,719
|
Total
|
8,657,418
|
Media
and Entertainment 0.2%
|
Liberty
Interactive LLC
(e)
|
09/30/2046
|
1.750%
|
|
3,300,000
|
3,910,500
|
Oil
Field Services 0.1%
|
Cobalt
International Energy, Inc.
|
12/01/2019
|
2.625%
|
|
6,400,000
|
1,471,987
|
Other
Financial Institutions 0.3%
|
Encore
Capital Group, Inc.
(e)
|
03/15/2022
|
3.250%
|
|
4,050,000
|
4,670,156
|
Walter
Investment Management Corp.
|
11/01/2019
|
4.500%
|
|
5,058,000
|
859,860
|
Total
|
5,530,016
|
Other
Industry 0.7%
|
General
Cable Corp.
(f)
|
Subordinated
|
11/15/2029
|
4.500%
|
|
7,000,000
|
6,212,500
|
Green
Plains, Inc.
|
09/01/2022
|
4.125%
|
|
4,300,000
|
4,423,625
|
Total
|
10,636,125
|
Other
REIT 0.9%
|
Blackstone
Mortgage Trust, Inc.
|
05/05/2022
|
4.375%
|
|
5,000,000
|
5,031,250
|
Convertible
Bonds (continued)
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value
($)
|
New
York Mortgage Trust, Inc.
|
01/15/2022
|
6.250%
|
|
3,950,000
|
3,935,188
|
Starwood
Waypoint Homes
(e)
|
01/15/2022
|
3.500%
|
|
5,300,000
|
5,952,562
|
Total
|
14,919,000
|
Pharmaceuticals
2.9%
|
Acorda
Therapeutics, Inc.
|
06/15/2021
|
1.750%
|
|
4,800,000
|
4,332,000
|
Aegerion
Pharmaceuticals, Inc.
|
08/15/2019
|
2.000%
|
|
5,000,000
|
3,992,480
|
Clovis
Oncology, Inc.
|
09/15/2021
|
2.500%
|
|
3,000,000
|
4,623,750
|
Dermira,
Inc.
(e)
|
05/15/2022
|
3.000%
|
|
3,800,000
|
4,089,750
|
Fluidigm
Corp.
|
02/01/2034
|
2.750%
|
|
6,500,000
|
4,739,800
|
Horizon
Pharma Investment Ltd.
|
03/15/2022
|
2.500%
|
|
4,600,000
|
4,154,375
|
Innoviva,
Inc.
|
Subordinated
|
01/15/2023
|
2.125%
|
|
4,250,000
|
4,118,042
|
Intercept
Pharmaceuticals, Inc.
|
07/01/2023
|
3.250%
|
|
7,500,000
|
5,793,750
|
Medicines
Co. (The)
|
07/15/2023
|
2.750%
|
|
3,750,000
|
3,941,887
|
PTC
Therapeutics, Inc.
|
08/15/2022
|
3.000%
|
|
4,300,000
|
3,453,438
|
Radius
Health, Inc.
|
09/01/2024
|
3.000%
|
|
3,600,000
|
3,604,500
|
Total
|
46,843,772
|
Property
& Casualty 0.8%
|
Heritage
Insurance Holdings, Inc.
(e)
|
08/01/2037
|
5.875%
|
|
3,800,000
|
4,075,500
|
MGIC
Investment Corp.
(e),(f)
|
Junior
Subordinated
|
04/01/2063
|
9.000%
|
|
6,150,000
|
8,340,937
|
Total
|
12,416,437
|
Retailers
0.1%
|
GNC
Holdings, Inc.
|
08/15/2020
|
1.500%
|
|
3,000,000
|
2,210,625
|
Technology
1.1%
|
Microchip
Technology, Inc.
(e)
|
Junior
Subordinated
|
02/15/2037
|
2.250%
|
|
9,200,000
|
11,161,440
|
4
|
Tri-Continental Corporation
| Quarterly Report 2017
|
Portfolio of Investments
(continued)
Tri-Continental Corporation, September 30, 2017 (Unaudited)
Convertible
Bonds (continued)
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value
($)
|
Micron
Technology, Inc.
|
02/15/2033
|
2.125%
|
|
1,800,000
|
6,427,125
|
Total
|
17,588,565
|
Transportation
Services 0.5%
|
Aegean
Marine Petroleum Network, Inc.
(e)
|
12/15/2021
|
4.250%
|
|
5,300,000
|
3,932,282
|
Ship
Finance International Ltd.
|
10/15/2021
|
5.750%
|
|
3,850,000
|
4,018,438
|
Total
|
7,950,720
|
Total
Convertible Bonds
(Cost $172,422,346)
|
165,524,995
|
Convertible
Preferred Stocks 6.7%
|
Issuer
|
Coupon
Rate
|
Shares
|
Value
($)
|
Consumer
Staples 0.5%
|
Food
Products 0.5%
|
Bunge
Ltd.
|
4.875%
|
75,000
|
7,801,125
|
Total
Consumer Staples
|
7,801,125
|
Energy
0.7%
|
Oil,
Gas & Consumable Fuels 0.7%
|
Hess
Corp.
|
8.000%
|
110,000
|
6,485,600
|
WPX
Energy, Inc.
|
6.250%
|
84,500
|
4,503,850
|
Total
|
|
|
10,989,450
|
Total
Energy
|
10,989,450
|
Financials
1.3%
|
Banks
0.5%
|
Bank
of America Corp.
|
7.250%
|
6,300
|
8,199,261
|
Capital
Markets 0.8%
|
AMG
Capital Trust II
|
5.150%
|
135,000
|
8,277,188
|
Cowen,
Inc.
|
5.625%
|
6,000
|
5,504,040
|
Total
|
|
|
13,781,228
|
Total
Financials
|
21,980,489
|
Health
Care 1.2%
|
Health
Care Equipment & Supplies 0.5%
|
Becton
Dickinson and Co.
|
6.125%
|
145,000
|
8,012,700
|
Health
Care Providers & Services 0.2%
|
Anthem,
Inc.
|
5.250%
|
77,500
|
4,052,475
|
Convertible
Preferred Stocks (continued)
|
Issuer
|
Coupon
Rate
|
Shares
|
Value
($)
|
Pharmaceuticals
0.5%
|
Allergan
PLC
|
5.500%
|
10,400
|
7,673,328
|
Total
Health Care
|
19,738,503
|
Industrials
0.6%
|
Machinery
0.6%
|
Rexnord
Corp.
|
5.750%
|
72,500
|
4,220,225
|
Stanley
Black & Decker, Inc.
|
5.375%
|
52,500
|
6,019,125
|
Total
|
|
|
10,239,350
|
Total
Industrials
|
10,239,350
|
Information
Technology 0.9%
|
Electronic
Equipment, Instruments & Components 0.5%
|
Belden,
Inc.
|
6.750%
|
75,000
|
8,104,500
|
Internet
Software & Services 0.4%
|
Mandatory
Exchangeable Trust
(e)
|
5.750%
|
30,000
|
5,883,600
|
Total
Information Technology
|
13,988,100
|
Materials
0.2%
|
Chemicals
0.2%
|
A.
Schulman, Inc.
|
6.000%
|
4,500
|
4,019,400
|
Total
Materials
|
4,019,400
|
Real
Estate 0.5%
|
Equity
Real Estate Investment Trusts (REITS) 0.5%
|
American
Tower Corp.
|
5.500%
|
65,000
|
7,935,200
|
Total
Real Estate
|
7,935,200
|
Telecommunication
Services 0.3%
|
Diversified
Telecommunication Services 0.1%
|
Frontier
Communications Corp.
|
11.125%
|
52,500
|
1,010,100
|
Wireless
Telecommunication Services 0.2%
|
T-Mobile
USA, Inc.
|
5.500%
|
38,300
|
3,826,553
|
Total
Telecommunication Services
|
4,836,653
|
Utilities
0.5%
|
Multi-Utilities
0.5%
|
DTE
Energy Co.
|
6.500%
|
145,000
|
7,895,250
|
Total
Utilities
|
7,895,250
|
Total
Convertible Preferred Stocks
(Cost $110,025,607)
|
109,423,520
|
Tri-Continental
Corporation | Quarterly Report 2017
|
5
|
Portfolio of Investments
(continued)
Tri-Continental Corporation, September 30, 2017 (Unaudited)
Corporate
Bonds & Notes 12.3%
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value
($)
|
Automotive
0.2%
|
McLaren
Finance PLC
(e)
|
08/01/2022
|
5.750%
|
|
2,929,000
|
3,021,108
|
Banking
0.4%
|
Popular,
Inc.
|
07/01/2019
|
7.000%
|
|
7,000,000
|
7,203,952
|
Brokerage/Asset
Managers/Exchanges 0.5%
|
LPL
Holdings, Inc.
(e)
|
09/15/2025
|
5.750%
|
|
7,700,000
|
7,986,848
|
Cable
and Satellite 0.9%
|
Charter
Communications Operating LLC/Capital
|
10/23/2045
|
6.484%
|
|
7,100,000
|
8,325,375
|
Telesat
Canada/LLC
(e)
|
11/15/2024
|
8.875%
|
|
5,360,000
|
6,040,082
|
Total
|
14,365,457
|
Chemicals
0.2%
|
A.
Schulman, Inc.
|
06/01/2023
|
6.875%
|
|
3,700,000
|
3,853,742
|
Electric
0.5%
|
Covanta
Holding Corp.
|
07/01/2025
|
5.875%
|
|
8,223,000
|
8,093,307
|
Finance
Companies 1.1%
|
Fortress
Transportation & Infrastructure Investors LLC
(e)
|
03/15/2022
|
6.750%
|
|
5,850,000
|
6,076,758
|
iStar,
Inc.
|
04/01/2022
|
6.000%
|
|
7,743,000
|
8,010,551
|
Springleaf
Finance Corp.
|
05/15/2022
|
6.125%
|
|
3,700,000
|
3,909,372
|
Total
|
17,996,681
|
Food
and Beverage 0.5%
|
Chobani
LLC/Finance Corp., Inc.
(e)
|
04/15/2025
|
7.500%
|
|
3,897,000
|
4,253,104
|
Lamb
Weston Holdings, Inc.
(e)
|
11/01/2026
|
4.875%
|
|
3,900,000
|
4,090,316
|
Total
|
8,343,420
|
Gaming
0.4%
|
Scientific
Games International, Inc.
|
12/01/2022
|
10.000%
|
|
5,300,000
|
5,871,345
|
Health
Care 0.5%
|
Quotient
Ltd.
(c),(d),(e)
|
10/15/2023
|
12.000%
|
|
2,170,000
|
2,170,000
|
Corporate
Bonds & Notes (continued)
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value
($)
|
SP
Finco LLC
(e)
|
07/01/2025
|
6.750%
|
|
6,300,000
|
5,927,179
|
Total
|
8,097,179
|
Healthcare
Insurance 0.5%
|
Centene
Corp.
|
01/15/2025
|
4.750%
|
|
7,655,000
|
7,940,394
|
Independent
Energy 0.6%
|
Extraction
Oil & Gas, Inc.
(e)
|
05/15/2024
|
7.375%
|
|
3,294,000
|
3,434,486
|
Stone
Energy Corp.
|
05/31/2022
|
7.500%
|
|
6,136,177
|
5,952,288
|
Total
|
9,386,774
|
Media
and Entertainment 0.4%
|
Lions
Gate Entertainment Corp.
(e)
|
11/01/2024
|
5.875%
|
|
6,950,000
|
7,309,781
|
Metals
and Mining 0.5%
|
Constellium
NV
(e)
|
03/01/2025
|
6.625%
|
|
7,700,000
|
7,888,019
|
Midstream
0.2%
|
Blue
Racer Midstream LLC/Finance Corp.
(e)
|
11/15/2022
|
6.125%
|
|
4,000,000
|
4,141,128
|
Oil
Field Services 0.3%
|
SESI
LLC
(e)
|
09/15/2024
|
7.750%
|
|
4,100,000
|
4,259,617
|
Packaging
1.0%
|
BWAY
Holding Co.
(e)
|
04/15/2025
|
7.250%
|
|
8,000,000
|
8,245,208
|
Novolex
(e)
|
01/15/2025
|
6.875%
|
|
7,690,000
|
7,983,966
|
Total
|
16,229,174
|
Pharmaceuticals
1.0%
|
AMAG
Pharmaceuticals, Inc.
(e)
|
09/01/2023
|
7.875%
|
|
7,950,000
|
8,059,002
|
Valeant
Pharmaceuticals International, Inc.
(e)
|
03/01/2023
|
5.500%
|
|
8,700,000
|
7,650,563
|
Total
|
15,709,565
|
Retailers
0.1%
|
Rite
Aid Corp.
|
Junior
Subordinated
|
02/15/2027
|
7.700%
|
|
1,937,000
|
1,714,915
|
6
|
Tri-Continental Corporation
| Quarterly Report 2017
|
Portfolio of Investments
(continued)
Tri-Continental Corporation, September 30, 2017 (Unaudited)
Corporate
Bonds & Notes (continued)
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value
($)
|
Supermarkets
0.4%
|
Safeway,
Inc.
|
02/01/2031
|
7.250%
|
|
7,512,000
|
6,449,675
|
Technology
0.9%
|
Diebold,
Inc.
|
04/15/2024
|
8.500%
|
|
6,500,000
|
7,043,498
|
Genesys
Telecommunications Laboratories, Inc./Greeneden Lux 3 Sarl/US Holdings I, LLC
(e)
|
11/30/2024
|
10.000%
|
|
3,550,000
|
4,004,464
|
Informatica
LLC
(e)
|
07/15/2023
|
7.125%
|
|
3,988,000
|
4,027,437
|
Total
|
15,075,399
|
Transportation
Services 0.6%
|
Hertz
Corp. (The)
(e)
|
06/01/2022
|
7.625%
|
|
4,250,000
|
4,377,249
|
Hertz
Corp. (The)
|
10/15/2022
|
6.250%
|
|
5,000,000
|
4,776,630
|
Total
|
9,153,879
|
Wirelines
0.6%
|
Frontier
Communications Corp.
|
01/15/2025
|
6.875%
|
|
1,130,000
|
831,992
|
09/15/2025
|
11.000%
|
|
10,360,000
|
8,793,961
|
Total
|
9,625,953
|
Total
Corporate Bonds & Notes
(Cost $195,213,244)
|
199,717,312
|
Limited
Partnerships 0.9%
|
Issuer
|
Shares
|
Value
($)
|
Energy
0.3%
|
Oil,
Gas & Consumable Fuels 0.3%
|
Enviva
Partners LP
|
140,000
|
4,137,000
|
Total
Energy
|
4,137,000
|
Industrials
0.2%
|
Trading
Companies & Distributors 0.2%
|
Fortress
Transportation & Infrastructure Investors LLC
|
225,000
|
4,059,000
|
Total
Industrials
|
4,059,000
|
Limited
Partnerships (continued)
|
Issuer
|
Shares
|
Value
($)
|
Utilities
0.4%
|
Independent
Power and Renewable Electricity Producers 0.4%
|
8Point3
Energy Partners LP
|
425,000
|
6,387,750
|
Total
Utilities
|
6,387,750
|
Total
Limited Partnerships
(Cost $15,100,680)
|
14,583,750
|
Preferred
Debt 0.8%
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value
($)
|
Banking
0.8%
|
Citigroup
Capital XIII
(f)
|
10/30/2040
|
6.692%
|
|
220,000
|
6,111,600
|
Wells
Fargo & Co.
|
12/31/2049
|
7.500%
|
|
6,000
|
7,890,000
|
Total
|
14,001,600
|
Total
Preferred Debt
(Cost $13,640,266)
|
14,001,600
|
Preferred
Stocks 0.2%
|
Issuer
|
Coupon
Rate
|
Shares
|
Value
($)
|
Financials
0.2%
|
Banks
0.2%
|
GMAC
Capital Trust I
(f)
|
7.100%
|
157,500
|
4,158,000
|
Total
Financials
|
4,158,000
|
Total
Preferred Stocks
(Cost $4,010,775)
|
4,158,000
|
Senior
Loans 1.2%
|
Borrower
|
Weighted
Average Coupon
|
|
Principal
Amount ($)
|
Value
($)
|
Brokerage/Asset
Managers/Exchanges 0.1%
|
Virtus
Investment Partners
(d),(g),(h)
|
Term
Loan
|
3-month
USD LIBOR + 3.750%
06/03/2024
|
5.066%
|
|
1,231,000
|
1,243,310
|
Food
and Beverage 0.2%
|
HLF
Financing SARL
(g),(h)
|
Term
Loan
|
3-month
USD LIBOR + 5.500%
02/15/2023
|
6.735%
|
|
3,850,000
|
3,888,500
|
Tri-Continental
Corporation | Quarterly Report 2017
|
7
|
Portfolio of Investments
(continued)
Tri-Continental Corporation, September 30, 2017 (Unaudited)
Senior
Loans (continued)
|
Borrower
|
Weighted
Average Coupon
|
|
Principal
Amount ($)
|
Value
($)
|
Leisure
0.1%
|
Equinox
Holdings, Inc.
(g),(h)
|
2nd
Lien Term Loan
|
3-month
USD LIBOR + 7.000%
09/06/2024
|
8.235%
|
|
1,231,000
|
1,250,696
|
Oil
Field Services 0.5%
|
EagleClaw
Midstream Ventures
(g),(h)
|
Term
Loan
|
3-month
USD LIBOR + 4.250%
06/24/2024
|
5.522%
|
|
7,983,990
|
8,036,365
|
Retailers
0.3%
|
BJ’s
Wholesale Club, Inc.
(g),(h)
|
2nd
Lien Term Loan
|
3-month
USD LIBOR + 4.000%
02/03/2025
|
8.740%
|
|
4,108,000
|
3,916,978
|
Technology
0.0%
|
Hyland
Software, Inc.
(g),(h)
|
2nd
Lien Term Loan
|
3-month
USD LIBOR + 7.000%
07/07/2025
|
8.235%
|
|
615,385
|
626,154
|
Total
Senior Loans
(Cost $18,968,943)
|
18,962,003
|
Warrants
—%
|
Issuer
|
Shares
|
Value
($)
|
Energy
—%
|
Oil,
Gas & Consumable Fuels —%
|
Goodrich
Petroleum Corp.
(a),(c),(d),(i)
|
11,283
|
0
|
Total
Energy
|
0
|
Total
Warrants
(Cost $—)
|
0
|
|
Money
Market Funds 0.8%
|
|
Shares
|
Value
($)
|
Columbia
Short-Term Cash Fund, 1.177%
(j),(k)
|
7,062,326
|
7,062,326
|
JPMorgan
U.S. Government Money Market Fund, Agency Shares, 0.820%
(j)
|
6,060,881
|
6,060,881
|
Total
Money Market Funds
(Cost $13,123,207)
|
13,123,207
|
Total
Investments
(Cost: $1,548,690,740)
|
1,622,169,642
|
Other
Assets & Liabilities, Net
|
|
5,905,143
|
Net
Assets
|
1,628,074,785
|
At September 30, 2017, securities and/or cash
totaling $470,000 were pledged as collateral.
Investments in derivatives
Long
futures contracts
|
Description
|
Number
of
contracts
|
Expiration
date
|
Trading
currency
|
Notional
amount
|
Value/Unrealized
appreciation ($)
|
Value/Unrealized
depreciation ($)
|
S&P
500 E-mini
|
56
|
12/2017
|
USD
|
7,045,080
|
74,496
|
—
|
Notes to Portfolio of
Investments
(a)
|
Non-income
producing investment.
|
(b)
|
This
security or a portion of this security has been pledged as collateral in connection with derivative contracts.
|
(c)
|
Represents fair
value as determined in good faith under procedures approved by the Board of Trustees. At September 30, 2017, the value of these securities amounted to $2,170,004, which represents 0.13% of net assets.
|
(d)
|
Valuation
based on significant unobservable inputs.
|
(e)
|
Represents privately
placed and other securities and instruments exempt from SEC registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. The Fund may invest
in private placements determined to be liquid as well as those determined to be illiquid. Private placements may be determined to be liquid under guidelines established by the Fund’s Board of Directors. At September 30, 2017, the value of
these securities amounted to $175,940,861, which represents 10.81% of net assets.
|
(f)
|
Represents a
step bond where the coupon rate adjusts according to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter.
|
(g)
|
Senior
loans have interest rates that float periodically based primarily on the London Interbank Offered Rate (“LIBOR”) and other short-term rates. The interest rate shown reflects the weighted average coupon as of September 30, 2017. The
interest rate shown for senior loans purchased on a when-issued or delayed delivery basis, if any, reflects an estimated average coupon. Remaining maturities of senior loans may be less than the stated maturities shown as a result of contractual or
optional prepayments by the borrower. Such prepayments cannot be predicted.
|
8
|
Tri-Continental Corporation
| Quarterly Report 2017
|
Portfolio of Investments
(continued)
Tri-Continental Corporation, September 30, 2017 (Unaudited)
Notes to Portfolio of
Investments
(continued)
(h)
|
Variable rate
security.
|
(i)
|
Negligible
market value.
|
(j)
|
The rate
shown is the seven-day current annualized yield at September 30, 2017.
|
(k)
|
As defined
in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and
transactions in these affiliated companies during the period ended September 30, 2017 are as follows:
|
Issuer
|
Beginning
shares
|
Shares
purchased
|
Shares
sold
|
Ending
shares
|
Realized
gain
(loss) ($)
|
Net
change in
unrealized
appreciation
(depreciation) ($)
|
Dividends
—
affiliated
issuers($)
|
Value
($)
|
Columbia
Short-Term Cash Fund, 1.177%
|
4,250,122
|
87,141,304
|
(84,329,100)
|
7,062,326
|
779
|
52
|
37,955
|
7,062,326
|
Abbreviation Legend
ADR
|
American
Depositary Receipt
|
Currency
Legend
Investments are valued using
policies described in the Notes to Financial Statements in the most recent shareholder report.
Fair value measurements
The Fund categorizes its fair value measurements according to
a three-level hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in
pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund’s assumptions about the information market participants would use in pricing an
investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset’s or liability’s fair value measurement. The input levels are not necessarily an
indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair
value may not always be quoted prices in an active market.
Fair value inputs are summarized in the three broad levels
listed below:
•
|
Level 1 – Valuations
based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.
|
•
|
Level 2 – Valuations
based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).
|
•
|
Level 3 – Valuations
based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments).
|
Inputs that are used in determining fair value of an investment
may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such
as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Investment Manager, along with any other relevant factors in the calculation of an
investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many
investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.
Certain investments that have been measured at fair value using
the net asset value (NAV) per share (or its equivalent) are not categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to reconcile the fair value hierarchy to the amounts presented in the Portfolio of
Investments. The Columbia Short-Term Cash Fund seeks to provide shareholders with maximum current income consistent with liquidity and stability of principal. Columbia Short-Term Cash Fund prices its shares with a floating NAV and no longer seeks to
maintain a stable NAV.
Investments falling into the Level
3 category are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support
these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models may rely on one or more significant unobservable inputs and/or significant assumptions by the
Investment Manager. Inputs used in valuations may include, but are not limited to, financial statement analysis, capital account balances, discount rates and estimated cash flows, and comparable company data.
Under the direction of the Fund’s Board of Directors (the
Board), the Investment Manager’s Valuation Committee (the Committee) is responsible for overseeing the valuation procedures approved by the Board. The Committee consists of voting and non-voting members from various groups within the
Investment Manager’s organization, including operations and accounting, trading and investments, compliance, risk management and legal.
The Committee meets at least monthly to review and approve
valuation matters, which may include a description of specific valuation determinations, data regarding pricing information received from approved pricing vendors and brokers and the results of Board-approved valuation control policies and
procedures (the Policies). The Policies address, among other things, instances when market quotations are or are not readily available, including recommendations of third party pricing vendors and a determination of appropriate pricing
methodologies; events that require specific valuation determinations and assessment of fair value techniques; securities with a potential for stale pricing, including those that are illiquid, restricted, or in default; and the effectiveness of third
party pricing vendors, including periodic reviews of vendors. The Committee meets more frequently, as needed, to discuss
Tri-Continental
Corporation | Quarterly Report 2017
|
9
|
Portfolio of Investments
(continued)
Tri-Continental Corporation, September 30, 2017 (Unaudited)
Fair value
measurements
(continued)
additional valuation matters, which may include the need to review back-testing results, review time-sensitive information or approve related valuation actions.
The Committee reports to the Board, with members of the Committee meeting with the Board at each of its regularly scheduled meetings to discuss valuation matters and actions during the period, similar to those described earlier.
For investments categorized as Level 3, the Committee monitors
information similar to that described above, which may include: (i) data specific to the issuer or comparable issuers, (ii) general market or specific sector news and (iii) quoted prices and specific or similar security transactions. The Committee
considers this data and any changes from prior periods in order to assess the reasonableness of observable and unobservable inputs, any assumptions or internal models used to value those securities and changes in fair value. This data is also used
to corroborate, when available, information received from approved pricing vendors and brokers. Various factors impact the frequency of monitoring this information (which may occur as often as daily). However, the Committee may determine that
changes to inputs, assumptions and models are not required as a result of the monitoring procedures performed.
The following table is a summary of the inputs used to value the
Fund’s investments at September 30, 2017:
|
Level
1
quoted prices
in active
markets for
identical
assets ($)
|
Level
2
other
significant
observable
inputs ($)
|
Level
3
significant
unobservable
inputs ($)
|
Investments
measured at
net asset
value ($)
|
Total
($)
|
Investments
|
|
|
|
|
|
Common
Stocks
|
|
|
|
|
|
Consumer
Discretionary
|
109,307,649
|
—
|
—
|
—
|
109,307,649
|
Consumer
Staples
|
97,189,027
|
—
|
—
|
—
|
97,189,027
|
Energy
|
62,337,503
|
—
|
4
|
—
|
62,337,507
|
Financials
|
174,875,323
|
—
|
—
|
—
|
174,875,323
|
Health
Care
|
147,779,971
|
—
|
—
|
—
|
147,779,971
|
Industrials
|
102,905,346
|
—
|
—
|
—
|
102,905,346
|
Information
Technology
|
240,485,342
|
—
|
—
|
—
|
240,485,342
|
Materials
|
35,901,207
|
—
|
—
|
—
|
35,901,207
|
Real
Estate
|
37,123,408
|
—
|
—
|
—
|
37,123,408
|
Telecommunication
Services
|
27,834,202
|
—
|
—
|
—
|
27,834,202
|
Utilities
|
46,936,273
|
—
|
—
|
—
|
46,936,273
|
Total
Common Stocks
|
1,082,675,251
|
—
|
4
|
—
|
1,082,675,255
|
Convertible
Bonds
|
—
|
165,524,995
|
—
|
—
|
165,524,995
|
Convertible
Preferred Stocks
|
|
|
|
|
|
Consumer
Staples
|
—
|
7,801,125
|
—
|
—
|
7,801,125
|
Energy
|
10,989,450
|
—
|
—
|
—
|
10,989,450
|
Financials
|
8,199,261
|
13,781,228
|
—
|
—
|
21,980,489
|
Health
Care
|
19,738,503
|
—
|
—
|
—
|
19,738,503
|
Industrials
|
10,239,350
|
—
|
—
|
—
|
10,239,350
|
Information
Technology
|
8,104,500
|
5,883,600
|
—
|
—
|
13,988,100
|
Materials
|
—
|
4,019,400
|
—
|
—
|
4,019,400
|
Real
Estate
|
7,935,200
|
—
|
—
|
—
|
7,935,200
|
Telecommunication
Services
|
4,836,653
|
—
|
—
|
—
|
4,836,653
|
Utilities
|
7,895,250
|
—
|
—
|
—
|
7,895,250
|
Total
Convertible Preferred Stocks
|
77,938,167
|
31,485,353
|
—
|
—
|
109,423,520
|
Corporate
Bonds & Notes
|
—
|
197,547,312
|
2,170,000
|
—
|
199,717,312
|
Limited
Partnerships
|
|
|
|
|
|
Energy
|
4,137,000
|
—
|
—
|
—
|
4,137,000
|
Industrials
|
4,059,000
|
—
|
—
|
—
|
4,059,000
|
Utilities
|
6,387,750
|
—
|
—
|
—
|
6,387,750
|
Total
Limited Partnerships
|
14,583,750
|
—
|
—
|
—
|
14,583,750
|
Preferred
Debt
|
14,001,600
|
—
|
—
|
—
|
14,001,600
|
Preferred
Stocks
|
|
|
|
|
|
Financials
|
4,158,000
|
—
|
—
|
—
|
4,158,000
|
Senior
Loans
|
—
|
17,718,693
|
1,243,310
|
—
|
18,962,003
|
Warrants
|
|
|
|
|
|
Energy
|
—
|
—
|
0*
|
—
|
0*
|
Money
Market Funds
|
6,060,881
|
—
|
—
|
7,062,326
|
13,123,207
|
Total
Investments
|
1,199,417,649
|
412,276,353
|
3,413,314
|
7,062,326
|
1,622,169,642
|
10
|
Tri-Continental Corporation
| Quarterly Report 2017
|
Portfolio of Investments
(continued)
Tri-Continental Corporation, September 30, 2017 (Unaudited)
Fair value
measurements
(continued)
|
Level
1
quoted prices
in active
markets for
identical
assets ($)
|
Level
2
other
significant
observable
inputs ($)
|
Level
3
significant
unobservable
inputs ($)
|
Investments
measured at
net asset
value ($)
|
Total
($)
|
Derivatives
|
|
|
|
|
|
Asset
|
|
|
|
|
|
Futures
Contracts
|
74,496
|
—
|
—
|
—
|
74,496
|
Total
|
1,199,492,145
|
412,276,353
|
3,413,314
|
7,062,326
|
1,622,244,138
|
See the Portfolio of
Investments for all investment classifications not indicated in the table.
The Fund’s assets assigned to the Level 2 input category
are generally valued using the market approach, in which a security’s value is determined through reference to prices and information from market transactions for similar or identical assets.
Derivative instruments are valued at unrealized appreciation
(depreciation).
There were no transfers of financial
assets between levels during the period.
The Fund does
not hold any significant investments (greater than one percent of net assets) categorized as Level 3.
The Fund’s assets assigned to the Level 3 category are
valued utilizing the valuation technique deemed the most appropriate in the circumstances.
Certain common stock and warrants classified as Level 3 are
valued using an income approach. To determine fair value for these securities, management considered estimates of future distributions from the liquidation of the company assets. Significant increases (decreases) to any of these inputs would result
in a significantly lower (higher) fair value measurement.
Certain corporate bonds and senior loans classified as Level 3
securities are valued using the market approach and utilize single market quotations from broker dealers which may have included, but were not limited to, observable transactions for identical or similar assets in the market and the distressed
nature of the security. The appropriateness of fair values for these securities is monitored on an ongoing basis which may include results of back testing, manual price reviews and other control procedures. Significant increases (decreases) to any
of these inputs would result in a significantly lower (higher) valuation measurement.
Tri-Continental
Corporation | Quarterly Report 2017
|
11
|
Item 2. Controls and Procedures.
|
(a)
|
The registrants principal executive officer and principal financial officer, based on their evaluation of the registrants disclosure controls and procedures as of a date within 90 days of the filing of this
report, have concluded that such controls and procedures are adequately designed to ensure that information required to be disclosed by the registrant in Form
N-Q
is accumulated and communicated to the
registrants management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
|
|
(b)
|
There was no change in the registrants internal control over financial reporting that occurred during the registrants last fiscal quarter that has materially affected, or is reasonably likely to materially
affect, the registrants internal control over financial reporting.
|
Item 3. Exhibits.
Certifications pursuant to
Rule 30a-2(a) under
the Investment Company Act of 1940 (17 CFR
270.30a-2(a))
attached hereto as Exhibit 99.CERT.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
|
|
|
(registrant)
|
|
Tri-Continental
Corporation
|
|
|
|
By (Signature and Title)
|
|
/s/ Christopher O.
Petersen
|
|
|
Christopher O. Petersen, President and Principal Executive Officer
|
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has
been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
|
|
By (Signature and Title)
|
|
/s/ Christopher O.
Petersen
|
|
|
Christopher O. Petersen, President and Principal Executive Officer
|
|
|
|
By (Signature and Title)
|
|
/s/ Michael G. Clarke
|
|
|
Michael G. Clarke, Treasurer and Chief Financial Officer
|
Tri-Continental Corp. Prfd (NYSE:TYP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Tri-Continental Corp. Prfd (NYSE:TYP)
Historical Stock Chart
From Jul 2023 to Jul 2024