Tri-Continental Corporation
New York, September 28, 2006 – At a Special Meeting of Stockholders held in Baltimore, Maryland, Tri-Continental Corporation (NYSE: TY) today announced that preliminary results indicate that the three incumbent Directors nominated for re-election by Tri-Continental’s Board will be re-elected.
In addition, on a proposal to amend Tri-Continental’s charter to reduce the quorum requirements for future stockholder meetings, the majority of votes cast were for the proposal. However, a majority of all votes entitled to be cast is required for approval of the proposal. The Meeting was adjourned in order to permit stockholders additional time to vote on the charter amendment proposal, and to receive a report from the independent inspector of election on the election of directors.
The adjourned meeting will take place on October 5, 2006, at the offices of Sullivan & Cromwell LLP at 375 Park Ave. New York, NY at 10:00 a.m.
Tri-Continental Corporation is one of the nation’s largest, diversified, publicly traded closed-end equity investment companies, and has paid dividends for 62 consecutive years. The Fund 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.
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