Columbia Seligman Premium Technology Growth Fund Announces Board Changes, Effective from January 1, 2018
December 19, 2017 at 04:01 pm
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Columbia Seligman Premium Technology Growth Fund elected Edward J. Boudreau and George S. Batejan to the Fund's Board. Their service with the Board will commence on January 1, 2018, at which time Mr. Boudreau will also serve as chairman of the Board, per action at the meeting by the Board's existing members. Each of Messrs. Batejan and Boudreau currently serve on the mutual fund board of the Columbia Funds and, as of January 1, 2018, on the board of one other closed-end fund. Mr. William A. Hawkins, the Board's current chairman, and Ms. Alison Taunton-Rigby are retiring from the Fund's and the other closed-end fund's Board effective December 31, 2017, and from the Columbia Funds Board effective January 1, 2018. Mr. Boudreau will also serve on the Board's Contracts Committee, Board Governance Committee, Executive Committee, Compliance Committee, and Investment Review Committee. Mr. Batejan will also serve on the Board's Contracts Committee, Compliance Committee, and Investment Review Committee. Edward J. Boudreau, Jr. Prior to the establishment of E. J. Boudreau & Associates, Mr. Boudreau left a successful 32-year career at John Hancock Financial Services, the last 11 years of which he served as Chairman and Chief Executive Officer of John Hancock Investments.
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.