BOSTON--(BUSINESS WIRE)--Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a fourth quarter distribution, that is beyond its typical quarterly managed distribution, in the total amount of $1.3280 per share of common stock (which includes the Fund's typical quarterly $0.4625 per share distribution). A federal excise tax of 4% applies to funds that do not distribute substantially all of their annual income (including net gains) before the end of their f. ...

Core Viewpoint - The article discusses the extreme valuations in the technology sector, specifically referencing the Columbia Seligman Premium Technology Growth Fund (NYSE: STK), which experienced a significant decline shortly after the author's cautious warning [1]. Group 1 - The author previously expressed concerns about the technology sector's valuations becoming extreme [1]. - Following the author's warning, the STK fund saw a notable plunge in value [1].