| Business Summary | | Tri
Continental
Corporation
is
a
diversified
closed-end
investment
management
company.
Though
common
stocks
make
up
the
bulk
of
investments,
assets
may
be
held
in
cash
or
invested
in
all
types
of
securities,
including
bonds,
debentures,
notes,
preferred
and
common
stocks,
rights
and
warrants,
as
well
as
other
securities.
The
Company
does
not
make
investments
with
a
view
to
exercising
control
or
management
and
does
not
invest
in
other
investment
companies,
but
it
may
purchase
up
to
3%
of
the
voting
securities
of
such
investment
companies.
The
Company
has
no
fixed
policy
with
respect
to
portfolio
turnover
and
purchases
and
sales
in
the
light
of
economic,
market
and
investment
considerations.
Investment
plans
and
other
services
which
are
available
to
investors
include
the
Company's
Automatic
Dividend
Investment
and
Cash
Purchase
Plan,
Automatic
Check
Service,
Share
Keeping
Service,
Tax-deferred
Retirement
Plans,
Tax-deferred
Retirement
Plans
and
Systematic
Withdrawal
Plan. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Tri-Continental
Corp.
is
a
registered
closed-end
investment
company
whose
goal
is
to
produce
long-term
growth
of
both
capital
and
income,
while
providing
reasonable
income.
For
the
fiscal
year
ended
12/31/00,
total
investment
income
totaled
$64.4
million.
Net
investment
income
totaled
$43.3
million.
Net
decrease
in
assets
from
operations
totaled
$381.7
million.
Net
asset
value
per
share
decreased
from
$32.82
at
at
December
31,
1999,
to
$25.87
at
December
31,
2000. | More
from
Market Guide: Significant
Developments |
| | |
| Position | William Morris, 63 | Chairman | Brian Zino, 48 | Pres | Lawrence Vogel, 44 | VP,
Treasurer | Charles Kadlec, 55 | VP | Thomas Rose, 43 | VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|