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Tri-Continental Corporation (TY)

Market Closed
16 Oct, 08:00 PM
NYSE NYSE
$
34. 60
+0.12
+0.348%
$
1.85B Market Cap
0.28% Div Yield
28,253 Volume
$ 34.48
Previous Close
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Day Range
34.58 35.19
Year Range
30.53 36.55
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TY: AI Exposure And Underperformance Are Real Risks

TY: AI Exposure And Underperformance Are Real Risks

Tri-Continental Corporation (TY) is a hybrid closed-end fund with a variable distribution, currently yielding 10.85% on a trailing twelve-month basis. TY maintains a diversified allocation—66.8% in equities, 13.2% in convertibles, and 18.1% in traditional bonds—though underweight to mega-cap tech versus the S&P 500. The fund has underperformed the S&P 500 Total Return Index over both recent and long-term periods, despite fully covering distributions through investment profits.

Seekingalpha | 3 days ago