Comments on: Discount Assets at Tri-Continental

By: Fat Pitch Financials Portfolio Performance Update - Fat Pitch Financials

Fat Pitch Financials Portfolio Performance Update - Fat Pitch Financials — Wed, 06 Dec 2006 11:33:55 +0000

[...] TRI-CONTINENTAL [...]

By: Tri-Continental Shareholders’ Meeting Vote Results - Fat Pitch Financials

Tri-Continental Shareholders’ Meeting Vote Results - Fat Pitch Financials — Tue, 09 May 2006 03:16:39 +0000

[...] I decided to place a stop order on the share I own in order to preserve my gains. As you can see from April 22nd post, I originally purchase my shares for $17.40. Today, Tri-Continental closed at $20.63, which is an 18 percent gain on my original investment. If management takes any steps to reduce the discount to NAV, I may be able to even squeeze out a few more percentage points. [...]

By: Tri-Continental Calling Shareholders - Fat Pitch Financials

Tri-Continental Calling Shareholders - Fat Pitch Financials — Wed, 01 Mar 2006 23:08:46 +0000

[...] This is all pretty exciting. My goal in purchasing Tri-Continental was to take advantage of its large discount to net asset value (NAV). That gap is slowly starting to close. As I wrote last month, Western Investment LLC is trying to exert pressure on Tri-Continental to remedy the discount to NAV. I was really hoping that an activist shareholder would step in and address the discount problem. It looks like Western Investment is really stepping up to this task by getting a list of shareholders and mailing out a competing proxy. [...]

By: Activist Shareholder Targets Tri-Continental - Fat Pitch Financials

Activist Shareholder Targets Tri-Continental - Fat Pitch Financials — Wed, 18 Jan 2006 01:22:43 +0000

[...] I just noticed that the closed end fund, Tri-Continental (TY), was discussed in the 13D Filings section of Barron’s this weekend. As you might recall, I purchased shares of Tri-Continental last year. At the time, Tri-Continental was trading for about a 15 to 16 percent discount on its net asset value. With two new fund managers brought on board, I figured there was a good chance that this discount would decrease over time. However, until recently, the opposite has happened. [...]