Tri-Continental Corporation (NYSE: TY) is a closed-end management investment company focused on generating income and capital appreciation through exposure to global resource sectors. The company primarily invests in equity and debt securities of companies engaged in energy and natural resources, including master limited partnerships (MLPs), royalty trusts, preferred stocks, and high-yield corporate bonds. Through a diversified portfolio of U.S. and international issuers, Tri-Continental seeks to capitalize on opportunities in oil and gas exploration, midstream infrastructure, metals and mining, and related industries.
The fund employs financial leverage and hedging strategies to enhance yield and manage risk, while maintaining diversification across sectors and geographies. Investment selection emphasizes established companies with strong cash flows, attractive dividend or distribution histories, and solid balance sheets. Tri-Continental’s approach blends bottom-up security analysis with top-down assessment of commodity trends and macroeconomic drivers, aiming to deliver a stable distribution stream to shareholders over market cycles.
Founded in 1922, Tri-Continental is one of the oldest listed closed-end funds on the New York Stock Exchange, with a long history of navigating commodity booms and busts. The company’s investment activities are conducted by Rafferty Asset Management LLC, a Boston-based advisor specializing in energy and natural resource strategies. Oversight is provided by an independent board of directors whose members bring extensive experience in finance, corporate governance and the resource sector.
Serving a broad base of individual and institutional investors in North America, Europe and Asia, Tri-Continental offers access to specialized resource investments within a single, publicly traded vehicle. Its regular distribution policy is designed to appeal to income-oriented investors seeking diversified exposure to commodity markets and the potential for long-term capital growth. The company continues to adapt its portfolio in response to shifting supply-demand dynamics, regulatory developments and evolving global energy trends.
AI Generated. May Contain Errors.
Free TY Stock Alerts