Michael DeFao - Tri Continental Vice President Assistant Secretary

TY Stock  USD 34.18  0.15  0.44%   

President

Mr. Michael E. DeFao is Vice President, Assistant Secretary of the Company. He is Vice President and Chief Counsel, Ameriprise Financial, Inc. since May 2010. since 2011.
Age 52
Tenure 13 years
Address 290 Congress Street, Boston, MA, United States, 02210
Phone800 225 2365
Webhttps://www.columbiathreadneedleus.com

Tri Continental Management Efficiency

The company has Return on Asset (ROA) of 0.0203 % which means that for every $100 of assets, it generated a profit of $0.0203. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.1583 %, which means that it produced $0.1583 on every 100 dollars invested by current stockholders. Tri Continental's management efficiency ratios could be used to measure how well Tri Continental manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to 0.13 in 2024. Return On Capital Employed is likely to rise to -0.15 in 2024. At this time, Tri Continental's Non Currrent Assets Other are fairly stable compared to the past year. Other Current Assets is likely to rise to about 363.4 K in 2024, whereas Total Assets are likely to drop slightly above 1.7 B in 2024.
Tri Continental Closed reports 4.42 M of total liabilities. Tri Continental Closed has a current ratio of 1.43, which is generally considered normal. Note however, debt could still be an excellent tool for Tri to invest in growth at high rates of return.

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Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. Tri-Continental Corporation was formed in January 1929 and is domiciled in the United States. Tri Continental is traded on New York Stock Exchange in the United States. Tri Continental Closed (TY) is traded on New York Stock Exchange in USA. It is located in 290 Congress Street, Boston, MA, United States, 02210 and employs 25 people. Tri Continental is listed under Asset Management & Custody Banks category by Fama And French industry classification.

Management Performance

Tri Continental Closed Leadership Team

Elected by the shareholders, the Tri Continental's board of directors comprises two types of representatives: Tri Continental inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tri. The board's role is to monitor Tri Continental's management team and ensure that shareholders' interests are well served. Tri Continental's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tri Continental's outside directors are responsible for providing unbiased perspectives on the board's policies.
Colin AIIMR, Global VP
Sandra Yeager, Independent Director
CFA CFA, Portfolio Manager
Catherine Paglia, Independent Chairman of the Board
Daniel Beckman, Senior Vice President
Peter Albanese, Portfolio Manager
CAIA CFA, Portfolio Mang
Michael Clarke, Chief Financial Officer, Senior Vice President, Principal Financial Officer
Patricia Flynn, Independent Director
William Truscott, Senior Vice President, Director
Lyn KephartStrong, Vice President
Ryan Larrenaga, Senior Vice President, Chief Legal Officer, Secretary
George Batejan, Independent Director
Kathleen Blatz, Independent Director
Michael DeFao, Vice President Assistant Secretary
Joseph Beranek, Principal Financial Officer, Chief Accounting Officer, Treasurer, Principal Accounting Officer
Colin Moore, Senior Vice President
Paul Goucher, Senior Vice President, Assistant Secretary
Minor Shaw, Independent Director
Christopher Petersen, President, Principal Executive Officer, Director
Brian Gallagher, Independent Director
Thomas McGuire, Senior Vice President, Chief Compliance Officer
Anthony Santomero, Independent Director
Pamela Carlton, Independent Director
Yan Jin, Portfolio Manager

Tri Stock Performance Indicators

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