Columbia Seligman Premium Technology Growth Fund, Inc. Announces Management Changes
December 12, 2019 at 08:57 pm
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The Board of Directors of Columbia Seligman Premium Technology Growth Fund Inc. held a meeting at which its members considered and, thereafter, unanimously appointed Brian J. Gallagher to the Fund’s Board. His service with the Board will commence on January 1, 2020, for a term expiring at the 2023 annual meeting of stockholders. Mr. Gallagher currently serves on the board of trustees of certain of the mutual funds within the Columbia Funds Complex (the Columbia Funds Board) and, effective January 1, 2020, on the board of another Columbia closed-end fund. Effective December 31, 2019, Mr. Edward J. Boudreau, Jr., the Board’s current chairman is retiring from the Fund’s and the other closed-endfund’s Board, as well as from the Columbia Funds Board, on which he also currently serves as chairman. Ms. Catherine James Paglia, who currently serves as a director on the Board, will take over as the chairman of the Board upon Mr. Boudreau’s retirement. In addition to his duties as a director, Mr. Gallagher will also serve on the Board’s Audit Committee, Contracts Committee, Executive Committee, and Investment Review Committee.
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.