Tri-Continental is registered as a diversified, closed-end management investment company. The Fund's investment objective is to produce future growth of both capital and income, while providing reasonable income. The Fund invests across a company's investable capital structure, including stocks, bonds and convertible securities. We show 2 historical shares outstanding datapoints in our TY shares outstanding history coverage, used to compute TY market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TY market cap history over the course of time is important for investors
interested in comparing TY's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of TY versus a peer is one thing; comparing
TY market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like TY can fluctuate over the course of history.
With this page we aim to empower investors researching TY by allowing them to research the TY market cap history. |
Free TY Email Alerts:
Video: The Importance of Market Cap
