Tri-Continental Corporation (the Corporation) (NYSE: TY) today
declared a third quarter distribution of $0.05 per share of Common Stock
and $0.625 per share of Preferred Stock. Dividends on Common Stock will
be paid on September 22, 2010 to Common Stockholders of record on
September 13, 2010, and dividends on Preferred Stock will be paid on
October 1, 2010 to Preferred Stockholders of record on September 13,
2010. The ex-dividend date for both the Common Stock and the Preferred
Stock is September 9, 2010. The $0.05 per share dividend on the Common
Stock is in accordance with the Corporations earned distribution policy.
The Corporation has paid dividends on its common stock for 66
consecutive years. The Corporations investment manager is Columbia
Management Investment Advisers, LLC (formerly known as RiverSource
Investments, LLC), a wholly owned subsidiary of Ameriprise Financial,
Inc. Columbia Management Investment Distributors, Inc. (formerly known
as RiverSource Fund Distributors, Inc.) is the principal underwriter of
the Columbia, Wanger, Columbia Acorn, RiverSource, Seligman and
Threadneedle branded mutual funds.
The net asset value of shares of a closed-end fund may not always
correspond to the market price of such shares. Common stock of many
closed-end funds frequently trade at a discount from their net asset
value. The Corporation is subject to stock market risk, which is the
risk that stock prices overall will decline over short or long periods,
adversely affecting the value of an investment in the Corporation.
You should consider the investment objectives, risks, charges, and
expenses of the Corporation carefully before investing. A prospectus
containing information about the Corporation (including its investment
objectives, risks, charges, expenses, and other information about the
Corporation) may be obtained by contacting your financial advisor or
Columbia Management Investment Services Corp. (formerly RiverSource
Service Corporation) at 800-221-2450. The prospectus can also be found
on the Securities and Exchange Commissions EDGAR database. The
prospectus should be read carefully before investing in the Corporation.
There is no guarantee that the Corporations investment goals/objectives
will be met or that distributions will be made, and you could lose money.
NOT FDIC INSURED
MAY LOSE VALUE
NO BANK GUARANTEE
NOT A DEPOSIT
NOT INSURED BY ANY
FEDERAL GOVERNMENT AGENCY
Source: Business Wire
