Columbia Seligman Premium Technology Growth Fund Inc Stock News

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight the ten best...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m.

Columbia Seligman Premium Technology Growth Fund is upgraded to a strong buy, trading at a rare 3.8% discount to NAV. STK offers exposure to top technology growth companies and utilizes a dynamic covered call strategy, delivering a 5.5% yield and impressive long-term returns. While STK lacks downside protection and underperforms tech ETFs in downturns, its income and capital appreciation track ...

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight the ten best...

BOSTON--(BUSINESS WIRE)--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...

The Nasdaq has been rallying nonstop since April. Let's discuss three covered call fund payouts up to 11.2% that play the rally.

By now you've no doubt heard the argument that AI is a bubble, and there's no way Big Tech will make a significant profit from it, given the massive amounts of cash they've already piled in.

STK's cautious stance and underweighting of megacap tech have led to recent underperformance but limit risk if valuations revert. Current market valuations are at bubble-like extremes, with limited upside and significant downside risk, especially if tariffs bite. The fund manager's discipline in not chasing overvalued stocks is commendable, even if it means lagging the market near term.