BOSTON -- (Business Wire)
Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today
declared a second quarter distribution of $0.15 per share of Common
Stock and $0.625 per share of Preferred Stock. Dividends on Common Stock
will be paid on June 28, 2012 to Common Stockholders of record on June
19, 2012, and dividends on Preferred Stock will be paid on July 2, 2012
to Preferred Stockholders of record on June 19, 2012. The ex-dividend
date for both the Common Stock and the Preferred Stock is June 15, 2012.
The $0.15 per share dividend on the Common Stock is in accordance with
the Corporation’s earned distribution policy.
The Corporation has paid dividends on its common stock for 68
consecutive years. The Corporation’s 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
The Corporation's use of leverage exposes it to greater risks due to
unanticipated market movements, which may magnify losses and increase
volatility of returns. The Corporation's 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
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 Commission’s EDGAR database. The
prospectus should be read carefully before investing in the Corporation.
There is no guarantee that the Corporation’s 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
MAY LOSE VALUE
NO BANK GUARANTEE
NOT A DEPOSIT
NOT INSURED BY ANY
FEDERAL GOVERNMENT AGENCY
For Tri-Continental Corporation
Charles Keller, 612-678-7786
Source: Tri-Continental Corporation
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