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8-K - FORM 8-K - TRI-CONTINENTAL CORP | c66076e8vk.htm |
Exhibit 99.1
Stockholder contact:
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Gary Terpening | |
212-850-1533 | ||
gary.a.terpening@columbiamanagement.com | ||
Charles Keller | ||
Media contact:
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612-678-7786 | |
charles.r.keller@ampf.com |
TRI-CONTINENTAL CORPORATION
DECLARES THIRD QUARTER DISTRIBUTION
DECLARES THIRD QUARTER DISTRIBUTION
BOSTON, MA, September 2, 2011 Tri-Continental Corporation (the Corporation) (NYSE: TY) today
declared a third quarter distribution of $0.07 per share of Common Stock and $0.625 per share of
Preferred Stock. Dividends on Common Stock will be paid on September 21, 2011 to Common
Stockholders of record on September 12, 2011, and dividends on Preferred Stock will be paid on
October 3, 2011 to Preferred Stockholders of record on September 12, 2011. The ex-dividend date for
both the Common Stock and the Preferred Stock is September 8, 2011. The $0.07 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 67 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 funds.
The net asset value of shares may not always correspond to the market price of such shares. Shares
of many closed-end funds frequently trade at a discount from their net asset value. Tri-Continental
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 Fund.
The Corporation may invest in foreign securities, which involve certain risks not associated with
investments in U.S. companies, including political, regulatory, economic, social, and other
conditions or events occurring in the particular country, as well as fluctuations in its currency
and the risks associated with less developed custody and settlement practices. Risks are
particularly significant in emerging markets.
The Corporations use of leverage exposes it to greater risks due to unanticipated market
movements, which may magnify losses and increase volatility of returns. The Corporations use of
derivatives introduces risks possibly greater than the risks associated
with investing directly in the investments underlying the derivatives. A relatively small price
movement in an underlying investment may result in a substantial gain or loss.
There are risks associated with fixed income investments, including credit risk, interest rate
risk, and prepayment and extension risk. In general, bond prices rise when interest rates fall and
vice versa. This effect is more pronounced for longer-term securities.
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 800-345-6611. 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.
Tri-Continental is managed by Columbia Management Investment Advisers, LLC. This material is
distributed by Columbia Management Investment Distributors, Inc., member FINRA.
Past performance does not guarantee future results.
NOT FDIC INSURED
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MAY LOSE VALUE | NO BANK GUARANTEE |
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NOT A DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY |