Distribution of Capital Gains
Tri-Continental Corporation
New York, February 21, 2007 -- At a meeting of the Board of Directors of Tri-Continental Corporation (TY) on Tuesday, February 20, 2007, the Board declared a long-term capital gain distribution of $0.12 per share from net gain realized on investments through December 31, 2006. The distribution will be paid on March 27, 2007 to Common Stockholders of record March 20, 2007. Common Stockholders will be paid the distribution in accordance with their capital gain payment option.
Brian T. Zino, President of the Corporation, explained that the $0.12 capital gain represents Tri-Continental's 2006 realized net capital gains in excess of its capital loss carryforward. "The elimination of the tax loss carryforward will allow the Corporation to distribute all future net realized capital gains to Stockholders," he said. "Tri-Continental's investment process and closed-end structure have enabled the Corporation to continue to provide growth of capital and income for our Stockholders."
Tri-Continental Corporation is managed by J. & W. Seligman & Co. Incorporated (JWS), a New York based investment manager and advisor, which was founded in 1864. Seligman Advisors, Inc. is the principal underwriter of the Seligman mutual funds managed by JWS. Seligman Services, Inc. provides client services to shareholders of Tri-Continental. Seligman Advisors, Inc. and Seligman Services, Inc. are wholly-owned subsidiaries of JWS.
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 Seligman Services, Inc. at 800-597-6068. The prospectus should be read carefully before investing in the Corporation.
Click for more information on Tri-Continental Corporation or other Closed-End Funds
|
©2012 Closed-End Fund Association, Inc. All Rights Reserved
 | | Powered by a SySys® data & content management system. Click here to learn more. |
|
|