IPO - Columbia Seligman Premium Technology Growth Fund, Inc.

Form Type: N-2

Filing Date: 2024-06-26

Corporate Action: Ipo

Type: New

Accession Number: 000119312524168812

Filing Summary: Columbia Seligman Premium Technology Growth Fund, Inc. is filing a Registration Statement under the Securities Act of 1933 for an initial public offering of up to 8,000,000 Common Shares. The Fund, a non-diversified, closed-end management investment company established in November 2009, aims to achieve capital growth and current income through investments in technology-focused companies. The Fund's management is provided by Columbia Management Investment Advisers, LLC, a subsidiary of Ameriprise Financial. Shares will be listed on the NYSE under the symbol 'STK'. The net asset value per share is reported at $32.91, with the last market price of $33.44 indicating a 1.61% premium to NAV. This prospectus includes details on the fund’s management fee, total annual expenses, as well as a managed distribution policy under which quarterly distributions are planned. The filing details the offering structure, including compensation agreements with the distributor and potential methods of sale, emphasizing the nature of the offering as being delayed or continuous in reliance on SEC rules.