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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORMN-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act filenumber 811-22328
Columbia Seligman Premium Technology Growth Fund, Inc.
(Exact name of registrant as specified in charter)
225 Franklin Street, Boston, Massachusetts 02110
(Address of principal executive offices) (Zip code)
Christopher O. Petersen
c/o Columbia Management Investment Advisers, LLC
225 Franklin Street
Boston, Massachusetts 02110
Ryan C. Larrenaga, Esq.
c/o Columbia Management Investment Advisers, LLC
225 Franklin Street
Boston, MA 02110
(Name and address of agent for service)
Registrant’s telephone number, including area code: (800)345-6611
Date of fiscal year end: December 31
Date of reporting period: June 30, 2019
FormN-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule30e-1 under the Investment Company Act of 1940 (17 CFR270.30e-1). The Commission may use the information provided on FormN-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by FormN-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in FormN-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
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Item 1. | Reports to Stockholders. |
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June 30, 2019
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Average annual total returns (%) (for the period ended June 30, 2019) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | Life | ||
Market Price | 11/24/09 | 27.50 | 7.96 | 16.36 | 11.94 | |
Net Asset Value | 11/30/09 | 23.47 | 8.20 | 15.04 | 12.22 | |
S&P North American Technology Sector Index | 25.97 | 12.73 | 19.14 | 17.60 |
Price Per Share | ||||
June 30, 2019 | March 31, 2019 | December 31, 2018 | ||
Market Price ($) | 20.47 | 20.08 | 16.81 | |
Net Asset Value ($) | 20.00 | 20.19 | 16.96 |
Distributions Paid Per Common Share | |
Payable Date | Per Share Amount ($) |
January 22, 2019 | 0.6521(a) |
February 26, 2019 | 0.4625 |
May 21, 2019 | 0.4625 |
Columbia Seligman Premium Technology Growth Fund | Semiannual Report 2019 | 3 |
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Top 10 holdings (%) (at June 30, 2019) | |
Lam Research Corp. | 7.1 |
Broadcom, Inc. | 5.6 |
Synopsys, Inc. | 4.8 |
Visa, Inc., Class A | 4.2 |
Marvell Technology Group Ltd. | 4.2 |
Apple, Inc. | 4.1 |
Alphabet, Inc., Class A | 3.8 |
Alphabet, Inc., Class C | 3.7 |
Micron Technology, Inc. | 3.6 |
Teradyne, Inc. | 3.5 |
Portfolio breakdown (%) (at June 30, 2019) | |
Common Stocks | 99.5 |
Money Market Funds | 0.5 |
Total | 100.0 |
Equity sector breakdown (%) (at June 30, 2019) | |
Communication Services | 11.1 |
Consumer Discretionary | 1.9 |
Information Technology | 87.0 |
Total | 100.0 |
4 | Columbia Seligman Premium Technology Growth Fund | Semiannual Report 2019 |
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When the VXN Index(a) is: | Aggregate Notional Amount of Written Call Options as a Percentage of the Fund’s Holdings in Common Stocks |
17 or less | 25% |
Greater than 17, but less than 18 | Increase up to 50% |
At least 18, but less than 33 | 50% |
At least 33, but less than 34 | Increase up to 90% |
At least 34, but less than 55 | 90% |
At 55 or greater | 0% to 90% |
(a) | The VXN Index is a leading barometer of investor sentiment and market volatility relating to the NASDAQ 100 Index. |
Columbia Seligman Premium Technology Growth Fund | Semiannual Report 2019 | 5 |
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Common Stocks 98.6% | ||
Issuer | Shares | Value ($) |
Communication Services 10.9% | ||
Broadcasting 0.3% | ||
Discovery, Inc., Class A(a) | 36,600 | 1,123,620 |
Total Broadcasting | 1,123,620 | |
Integrated Telecommunication Services 0.2% | ||
Ooma, Inc.(a) | 49,984 | 523,832 |
Total Integrated Telecommunication Services | 523,832 | |
Interactive Home Entertainment 1.7% | ||
Activision Blizzard, Inc. | 105,708 | 4,989,419 |
Sciplay Corp., Class A(a) | 34,156 | 468,279 |
Total Interactive Home Entertainment | 5,457,698 | |
Interactive Media & Services 7.7% | ||
Alphabet, Inc., Class A(a) | 10,900 | 11,802,520 |
Alphabet, Inc., Class C(a) | 10,824 | 11,699,770 |
Tencent Holdings Ltd., ADR | 19,900 | 900,773 |
Total Interactive Media & Services | 24,403,063 | |
Movies & Entertainment 1.0% | ||
Walt Disney Co. (The) | 22,100 | 3,086,044 |
Total Movies & Entertainment | 3,086,044 | |
Total Communication Services | 34,594,257 | |
Consumer Discretionary 1.9% | ||
Internet & Direct Marketing Retail 1.9% | ||
Booking Holdings, Inc.(a) | 1,980 | 3,711,925 |
eBay, Inc. | 57,000 | 2,251,500 |
Total Internet & Direct Marketing Retail | 5,963,425 | |
Total Consumer Discretionary | 5,963,425 | |
Information Technology 85.8% | ||
Application Software 12.4% | ||
Cornerstone OnDemand, Inc.(a) | 35,300 | 2,044,929 |
LogMeIn, Inc. | 55,819 | 4,112,744 |
Nuance Communications, Inc.(a) | 582,004 | 9,294,604 |
Salesforce.com, Inc.(a) | 34,300 | 5,204,339 |
Splunk, Inc.(a) | 11,358 | 1,428,269 |
Synopsys, Inc.(a) | 116,189 | 14,952,362 |
Verint Systems, Inc.(a) | 40,000 | 2,151,200 |
Total Application Software | 39,188,447 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Communications Equipment 2.6% | ||
Arista Networks, Inc.(a) | 17,100 | 4,439,502 |
Cisco Systems, Inc. | 14,600 | 799,058 |
CommScope Holding Co., Inc.(a) | 55,700 | 876,161 |
Lumentum Holdings, Inc.(a) | 27,500 | 1,468,775 |
Nokia OYJ, ADR | 137,300 | 687,873 |
Total Communications Equipment | 8,271,369 | |
Data Processing & Outsourced Services 8.3% | ||
Euronet Worldwide, Inc.(a) | 11,025 | 1,854,846 |
Fidelity National Information Services, Inc. | 42,600 | 5,226,168 |
Pagseguro Digital Ltd., Class A(a) | 112,097 | 4,368,420 |
Total System Services, Inc. | 14,200 | 1,821,434 |
Visa, Inc., Class A | 75,800 | 13,155,090 |
Total Data Processing & Outsourced Services | 26,425,958 | |
Electronic Manufacturing Services 0.1% | ||
Jabil, Inc. | 15,000 | 474,000 |
Total Electronic Manufacturing Services | 474,000 | |
Internet Services & Infrastructure 0.6% | ||
GoDaddy, Inc., Class A(a) | 27,315 | 1,916,147 |
Total Internet Services & Infrastructure | 1,916,147 | |
IT Consulting & Other Services 1.6% | ||
DXC Technology Co. | 94,740 | 5,224,911 |
Total IT Consulting & Other Services | 5,224,911 | |
Semiconductor Equipment 14.6% | ||
Advanced Energy Industries, Inc.(a) | 48,200 | 2,712,214 |
Applied Materials, Inc. | 212,800 | 9,556,848 |
Lam Research Corp. | 118,233 | 22,208,887 |
MKS Instruments, Inc. | 3,800 | 295,982 |
Teradyne, Inc. | 227,060 | 10,878,444 |
Xperi Corp. | 36,300 | 747,417 |
Total Semiconductor Equipment | 46,399,792 | |
Semiconductors 24.3% | ||
Broadcom, Inc.(b) | 61,400 | 17,674,604 |
Cypress Semiconductor Corp. | 129,887 | 2,888,687 |
Infineon Technologies AG | 315,200 | 5,601,006 |
Inphi Corp.(a) | 86,064 | 4,311,806 |
Marvell Technology Group Ltd.(b) | 546,892 | 13,054,312 |
6 | Columbia Seligman Premium Technology Growth Fund | Semiannual Report 2019 |
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Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Micron Technology, Inc.(a) | 293,395 | 11,322,113 |
NXP Semiconductors NV | 56,400 | 5,505,204 |
ON Semiconductor Corp.(a) | 382,018 | 7,720,584 |
Qorvo, Inc.(a) | 63,062 | 4,200,560 |
SMART Global Holdings, Inc.(a) | 11,099 | 255,166 |
Synaptics, Inc.(a) | 155,700 | 4,537,098 |
Total Semiconductors | 77,071,140 | |
Systems Software 10.0% | ||
Carbon Black, Inc.(a) | 21,154 | 353,695 |
Crowdstrike Holdings, Inc., Class A(a) | 3,192 | 217,981 |
Fortinet, Inc.(a) | 58,595 | 4,501,854 |
Microsoft Corp. | 74,900 | 10,033,604 |
Oracle Corp. | 149,100 | 8,494,227 |
Palo Alto Networks, Inc.(a) | 16,100 | 3,280,536 |
SailPoint Technologies Holding, Inc.(a) | 66,019 | 1,323,021 |
Symantec Corp. | 56,200 | 1,222,912 |
TiVo Corp. | 299,500 | 2,207,315 |
Total Systems Software | 31,635,145 | |
Technology Hardware, Storage & Peripherals 11.3% | ||
Apple, Inc. | 64,400 | 12,746,048 |
Electronics for Imaging, Inc.(a) | 120,157 | 4,434,995 |
NetApp, Inc. | 129,200 | 7,971,640 |
Western Digital Corp. | 141,300 | 6,718,815 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Xerox Corp. | 110,408 | 3,909,547 |
Total Technology Hardware, Storage & Peripherals | 35,781,045 | |
Total Information Technology | 272,387,954 | |
Total Common Stocks (Cost: $218,830,235) | 312,945,636 | |
Money Market Funds 0.5% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 2.433%(c),(d) | 1,553,986 | 1,553,831 |
Total Money Market Funds (Cost: $1,553,831) | 1,553,831 | |
Total Investments in Securities (Cost $220,384,066) | 314,499,467 | |
Other Assets & Liabilities, Net | 2,769,723 | |
Net Assets | $317,269,190 |
Call option contracts written | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Premium received ($) | Value ($) |
Marvell Technology Group Ltd. | Deutsche Bank | USD | (119,350) | (50) | 32.00 | 1/17/2020 | (3,987) | (1,650) |
Marvell Technology Group Ltd. | Deutsche Bank | USD | (145,607) | (61) | 31.00 | 1/17/2020 | (5,899) | (2,501) |
Marvell Technology Group Ltd. | Deutsche Bank | USD | (1,119,503) | (469) | 35.00 | 1/15/2021 | (47,819) | (55,107) |
Total | (57,705) | (59,258) |
Put option contracts written | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Premium received ($) | Value ($) |
Marvell Technology Group Ltd. | Deutsche Bank | USD | (1,129,051) | (473) | 15.00 | 01/17/2020 | (50,669) | (8,278) |
Marvell Technology Group Ltd. | Deutsche Bank | USD | (2,303,455) | (965) | 17.00 | 01/15/2021 | (132,165) | (115,800) |
Total | (182,834) | (124,078) |
Columbia Seligman Premium Technology Growth Fund | Semiannual Report 2019 | 7 |
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June 30, 2019 (Unaudited)
(a) | Non-income producing investment. |
(b) | This security or a portion of this security has been pledged as collateral in connection with derivative contracts. |
(c) | The rate shown is the seven-day current annualized yield at June 30, 2019. |
(d) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the period ended June 30, 2019 are as follows: |
Issuer | Beginning shares | Shares purchased | Shares sold | Ending shares | Realized gain (loss) — affiliated issuers ($) | Net change in unrealized appreciation (depreciation) — affiliated issuers ($) | Dividends — affiliated issuers ($) | Value — affiliated issuers at end of period ($) |
Columbia Short-Term Cash Fund, 2.433% | ||||||||
9,299,869 | 47,086,235 | (54,832,118) | 1,553,986 | (40) | — | 78,503 | 1,553,831 |
ADR | American Depositary Receipt |
USD | US Dollar |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
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methodologies; events that require specific valuation determinations and assessment of fair value techniques; securities with a potential for stale pricing, including those that are illiquid, restricted, or in default; and the effectiveness of third party pricing vendors, including periodic reviews of vendors. The Committee meets more frequently, as needed, to discuss additional valuation matters, which may include the need to review back-testing results, review time-sensitive information or approve related valuation actions. The Committee reports to the Board, with members of the Committee meeting with the Board at each of its regularly scheduled meetings to discuss valuation matters and actions during the period, similar to those described earlier.
Level 1 quoted prices in active markets for identical assets ($) | Level 2 other significant observable inputs ($) | Level 3 significant unobservable inputs ($) | Investments measured at net asset value ($) | Total ($) | |
Investments in Securities | |||||
Common Stocks | |||||
Communication Services | 33,693,484 | 900,773 | — | — | 34,594,257 |
Consumer Discretionary | 5,963,425 | — | — | — | 5,963,425 |
Information Technology | 266,786,949 | 5,601,005 | — | — | 272,387,954 |
Total Common Stocks | 306,443,858 | 6,501,778 | — | — | 312,945,636 |
Money Market Funds | — | — | — | 1,553,831 | 1,553,831 |
Total Investments in Securities | 306,443,858 | 6,501,778 | — | 1,553,831 | 314,499,467 |
Investments in Derivatives | |||||
Liability | |||||
Options Contracts Written | (183,336) | — | — | — | (183,336) |
Total | 306,260,522 | 6,501,778 | — | 1,553,831 | 314,316,131 |
Transfers In | Transfers Out | ||
Level 1 ($) | Level 2 ($) | Level 1 ($) | Level 2 ($) |
— | 862,969 | 862,969 | — |
Columbia Seligman Premium Technology Growth Fund | Semiannual Report 2019 | 9 |
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June 30, 2019 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $218,830,235) | $312,945,636 |
Affiliated issuers (cost $1,553,831) | 1,553,831 |
Cash collateral held at broker for: | |
Options contracts written | 2,480,000 |
Receivable for: | |
Investments sold | 1,109,992 |
Dividends | 449,661 |
Total assets | 318,539,120 |
Liabilities | |
Option contracts written, at value (premiums received $240,539) | 183,336 |
Payable for: | |
Investments purchased | 754,701 |
Management services fees | 249,587 |
Stockholder servicing and transfer agent fees | 2,221 |
Compensation of board members | 76,028 |
Compensation of chief compliance officer | 35 |
Other expenses | 4,022 |
Total liabilities | 1,269,930 |
Net assets applicable to outstanding Common Stock | $317,269,190 |
Represented by | |
Paid in capital | 217,200,510 |
Total distributable earnings (loss) | 100,068,680 |
Total - representing net assets applicable to outstanding Common Stock | $317,269,190 |
Shares outstanding applicable to Common Stock | 15,864,388 |
Net asset value per share of outstanding Common Stock | $20.00 |
Market price per share of Common Stock | $20.47 |
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Six Months Ended June 30, 2019 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $1,774,630 |
Dividends — affiliated issuers | 78,503 |
Foreign taxes withheld | (3,626) |
Total income | 1,849,507 |
Expenses: | |
Management services fees | 1,615,489 |
Stockholder servicing and transfer agent fees | 9,131 |
Compensation of board members | 14,047 |
Custodian fees | 3,477 |
Printing and postage fees | 17,957 |
Stockholders’ meeting fees | 16,252 |
Audit fees | 18,927 |
Legal fees | 5,321 |
Compensation of chief compliance officer | 31 |
Other | 48,262 |
Total expenses | 1,748,894 |
Net investment income | 100,613 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 20,425,414 |
Investments — affiliated issuers | (40) |
Foreign currency translations | (475) |
Options contracts written | (7,685,503) |
Net realized gain | 12,739,396 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 48,102,116 |
Options contracts written | 1,790,280 |
Net change in unrealized appreciation (depreciation) | 49,892,396 |
Net realized and unrealized gain | 62,631,792 |
Net increase in net assets resulting from operations | $62,732,405 |
Columbia Seligman Premium Technology Growth Fund | Semiannual Report 2019 | 11 |
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Six Months Ended June 30, 2019 (Unaudited) | Year Ended December 31, 2018 | |
Operations | ||
Net investment income (loss) | $100,613 | $(179,055) |
Net realized gain | 12,739,396 | 37,137,729 |
Net change in unrealized appreciation (depreciation) | 49,892,396 | (58,397,231) |
Net increase (decrease) in net assets resulting from operations | 62,732,405 | (21,438,557) |
Distributions to stockholders | ||
Net investment income and net realized gains | (14,673,143) | (39,107,876) |
Total distributions to stockholders | (14,673,143) | (39,107,876) |
Increase in net assets from capital stock activity | 3,895,317 | 5,389,156 |
Total increase (decrease) in net assets | 51,954,579 | (55,157,277) |
Net assets at beginning of period | 265,314,611 | 320,471,888 |
Net assets at end of period | $317,269,190 | $265,314,611 |
Six Months Ended | Year Ended | |||
June 30, 2019 | December 31, 2018 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Common Stock issued at market price in distributions | 243,117 | 4,309,675 | 253,576 | 5,389,156 |
Common Stock purchased in the open market | (20,562) | (414,358) | — | — |
Total net increase | 222,555 | 3,895,317 | 253,576 | 5,389,156 |
12 | Columbia Seligman Premium Technology Growth Fund | Semiannual Report 2019 |
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Six Months Ended June 30, 2019 (Unaudited) | Year ended December 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | ||
Per share data | ||||||
Net asset value, beginning of period | $16.96 | $20.83 | $17.78 | $17.29 | $17.69 | $16.18 |
Income from investment operations: | ||||||
Net investment income (loss) | 0.01 | (0.01) | (0.06) | (0.05) | (0.04) | (0.07) |
Net realized and unrealized gain (loss) | 3.96 | (1.36) | 5.74 | 2.39 | 1.49 | 3.43 |
Total from investment operations | 3.97 | (1.37) | 5.68 | 2.34 | 1.45 | 3.36 |
Less distributions to Stockholders from: | ||||||
Net investment income | (0.06) | — | — | — | — | — |
Net realized gains | (0.87) | (2.50) | (2.63) | (1.85) | (1.85) | (1.85) |
Total distributions to Stockholders | (0.93) | (2.50) | (2.63) | (1.85) | (1.85) | (1.85) |
Net asset value, end of period | $20.00 | $16.96 | $20.83 | $17.78 | $17.29 | $17.69 |
Market price, end of period | $20.47 | $16.81 | $22.25 | $18.74 | $17.93 | $18.93 |
Total return | ||||||
Based upon net asset value | 23.47% | (7.77%) | 32.72% | 15.29% | 8.40% | 22.32% |
Based upon market price | 27.50% | (14.42%) | 34.51% | 17.18% | 5.05% | 47.17% |
Ratios to average net assets | ||||||
Total gross expenses(a) | 1.15%(b) | 1.15% | 1.16% | 1.17% | 1.17% | 1.17% |
Net investment income (loss) | 0.07%(b) | (0.05%) | (0.28%) | (0.33%) | (0.24%) | (0.41%) |
Supplemental data | ||||||
Net assets, end of period (in thousands) | $317,269 | $265,315 | $320,472 | $273,226 | $265,426 | $271,300 |
Portfolio turnover | 21% | 34% | 47% | 61% | 61% | 60% |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund’s reported expense ratios. |
(b) | Annualized. |
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Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Options contracts written, at value | 183,336 |
Amount of realized gain (loss) on derivatives recognized in income | |
Risk exposure category | Options contracts written ($) |
Equity risk | (7,685,503) |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |
Risk exposure category | Options contracts written ($) |
Equity risk | 1,790,280 |
Derivative instrument | Average value ($)* |
Options contracts — written | (375,523) |
* | Based on the ending quarterly outstanding amounts for the six months ended June 30, 2019. |
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Deutsche Bank ($) | |
Liabilities | |
Options contracts written | 183,336 |
Total financial and derivative net assets | (183,336) |
Total collateral received (pledged)(a) | (183,336) |
Net amount(b) | - |
(a) | In some instances, the actual collateral received and/or pledged may be more than the amount shown due to overcollateralization. |
(b) | Represents the net amount due from/(to) counterparties in the event of default. |
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Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
220,384,000 | 104,498,000 | (10,325,000) | 94,173,000 |
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Director | For | Withheld |
Anthony M. Santomero | 14,295,320 | 273,674 |
Minor M. Shaw | 14,296,084 | 272,910 |
William F. Truscott | 14,290,472 | 278,522 |
For | Against | Abstain |
14,081,581 | 305,114 | 182,297 |
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Item 2. | Code of Ethics. |
Not applicable for semiannual reports.
Item 3. | Audit Committee Financial Expert. |
Not applicable for semiannual reports.
Item 4. | Principal Accountant Fees and Services. |
Not applicable for semiannual reports.
Item 5. | Audit Committee of Listed Registrants. |
Not applicable for semiannual reports.
Item 6. | Investments |
(a) | The registrant’s “Schedule I – Investments in securities of unaffiliated issuers” (as set forth in 17 CFR210.12-12) is included in Item 1 of this FormN-CSR. |
(b) | Not applicable. |
Item 7. | Disclosure of Proxy Voting Policies and Procedures forClosed-End Management Investment Companies. |
Not applicable for semiannual reports.
Item 8. | Portfolio Managers ofClosed-End Management Investment Companies. |
Not applicable for semiannual reports.
Item 9. | Purchases of Equity Securities byClosed-End Management Investment Company and Affiliated Purchasers. |
For the six months ended June 30, 2019, the Fund purchased 20,562 shares of its Common Stock in the open market at a cost of $414,358 which represented a weighted average premium of 0.11% from the NAV of those acquired shares.
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Item 10. | Submission of Matters to a Vote of Security Holders. |
There were no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of directors.
Item 11. | Controls and Procedures. |
(a) | The registrant’s principal executive officer and principal financial officers, based on their evaluation of the registrant’s disclosure controls and procedures as of a date within 90 days of the filing of this report, have concluded that such controls and procedures are adequately designed to ensure that material information required to be disclosed by the registrant in FormN-CSR is accumulated and communicated to the registrant’s management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. |
(b) | There was no change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. | Disclosure of Securities Lending Activities forClosed-End Management Investment Companies |
Not applicable.
Item 13. | Exhibits. |
(a)(1) Code of ethics required to be disclosed under Item 2 of FormN-CSR: Not applicable for semiannual reports.
(a)(2) Certifications pursuant to Rule30a-2(a) under the Investment Company Act of 1940 (17 CFR270.30a-2(a)) attached hereto as Exhibit 99.CERT.
(a)(3) Not applicable.
(b) Certification pursuant to Rule30a-2(b) under the Investment Company Act of 1940 (17 CFR270.30a-2(b)) attached hereto as Exhibit 99.906CERT.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(registrant) | Columbia Seligman Premium Technology Growth Fund, Inc. |
By (Signature and Title) | /s/ Christopher O. Petersen | |||
Christopher O. Petersen, President and Principal Executive Officer |
Date | August 21, 2019 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title) | /s/ Christopher O. Petersen | |||
Christopher O. Petersen, President and Principal Executive Officer |
Date | August 21, 2019 |
By (Signature and Title) | /s/ Michael G. Clarke | |||
Michael G. Clarke, Chief Financial Officer |
Date | August 21, 2019 |