Tri-Continental Corp's TY-P is an exchange-traded preferred stock in the Closed-End Funds sector. At a recent price of $41.60, TY-P yields 6.01% on its $50 liquidation preference and 5% coupon. It trades at a discount of 16.8% to par. The issue is cumulative, perpetual (no stated maturity). Distributions are paid quarterly. Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.