Columbia Seligman Premium Technology Growth Fund
STK
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- William F. Truscott
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 290 Congress Street Boston MA United States of America 02210
- IPO Date
- Nov 27, 2009
- CIK
- 0001471420
- Website
- columbiathreadneedleus.com
- Similar Companies
- Business
- Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) is a publicly traded, non-diversified closed-end management investment company that seeks growth of capital and current income through a portfolio of equity securities in technology and technology-related companies; writing call options on the Nasdaq 100 Index or equivalent exchange-traded funds, typically with notional exposure ranging from 0% to 90% of its common stock holdings to generate premium income; and selective use of other call and put options on securities, indices, ETFs, or market baskets for additional income or downside protection. The Fund invests at least 80% of its Managed Assets (total assets minus liabilities) in common stocks of U.S. and foreign companies across sub-sectors including semiconductors and semiconductor equipment, technology hardware, storage and peripherals, software, communication equipment and services, electronic equipment and instruments, internet services and infrastructure, media, health care equipment and supplies, and medical technology, with a particular emphasis on information technology (66.6% of net assets as of June 30, 2024) and semiconductors (31.9%); it employs fundamental analysis to select growth stocks offering strong prospects, attractive valuations, and solid returns, benchmarking against the S&P North American Technology Sector Index. The Fund operates primarily in public equity markets serving institutional and retail investors seeking technology exposure with enhanced yield, domiciled in the United States with headquarters in Boston, Massachusetts; it was formed on November 30, 2009, and was formerly known as Seligman Premium Technology Growth Fund, Inc. Managed by Columbia Management Investment Advisers, LLC, a wholly owned subsidiary of Ameriprise Financial, Inc., with a management fee of 1.06% on Managed Assets, the Fund maintains a managed distribution policy permitting quarterly payouts from net investment income, short-term and long-term capital gains, and potentially return of capital, as evidenced by its fourth-quarter 2025 distribution announced in November 2025 comprising primarily long-term capital gains. Recent developments include a November 2024 prospectus for an at-the-market offering of up to 8,000,000 common shares through ALPS Distributors, Inc. and sub-placement agent UBS Securities LLC to raise capital for investment in line with its objectives; entry into a new Distribution Agreement dated June 20, 2024; ongoing stock repurchase program to offset share issuance from dividend reinvestments when trading at a discount to NAV; and a director's purchase of 100 shares on December 15, 2025, at $36 per share, signaling internal confidence amid a market price premium to NAV of 2.64% as of September 30, 2024. The Fund, registered in Maryland and listed on the NYSE, continues to focus on high-conviction technology holdings such as Broadcom, NVIDIA, Microsoft, Apple, and Lam Research, while navigating sector-specific risks like rapid obsolescence and competition through its covered call overlay strategy.