Columbia Seligman Premium Technology Growth Fund Announces Board Changes
January 30, 2019 at 01:00 pm
Share
The Board of Directors of Columbia Seligman Premium Technology Growth Fund Inc. meeting held on January 30, 2018 at which its members announced their consideration and unanimous nomination of Anthony M. Santomero to the Fund’s Board, filling a seat vacated by Mr. William P. Carmichael due to his retirement from the Board on December 31, 2018. In addition to his duties as a director, Dr. Santomero will also serve on the Board’s Audit Committee, Board Governance Committee, Contracts Committee, and Investment Review Committee. Dr. Santomero currently serves on the board of trustees of certain of the mutual fund boards within the Columbia Funds Complex and is nominated to serve on the board of another Columbia closed-end fund. At the Fund’s 9th Annual Meeting of Stockholders to be held on April 16, 2019 (the Meeting) in Minneapolis, MN, Stockholders will be asked to elect Dr. Santomero director to the Board, each to hold office until the 2022 Annual Meeting of Stockholders, and all until their successors are elected and qualify. Anthony M. Santomero previously served as Senior Advisor at McKinsey & Company and was the Richard K. Mellon Professor of Finance at the University of Pennsylvania’s Wharton School.
Columbia Seligman Premium Technology Growth Fund, Inc. (the Fund) is a closed-end management investment company. Its investment objective is to seek growth in capital and current income. Its investment program consists primarily of investing in a portfolio of equity securities of technology and technology-related companies and writing call options on the National Association of Securities Dealers Automated Quotations (NASDAQ) 100 Index or its exchange-traded fund equivalent (the NASDAQ 100) on a month-to-month basis. The Fund may also buy or write other call and put options on securities, indices, exchange-traded funds (ETFs) and market baskets of securities. The Fund may hold foreign securities of issuers located or doing substantial business in emerging markets. It invests in various sectors, such as communication services, health care, biotechnology, industrials, and information technology. Columbia Management Investment Advisers, LLC is the investment manager of the Fund.