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Tri-Continental Corporation Fact Sheet (NYSE: TY)
PORTFOLIO MANAGEMENT
Portfolio Manager:
John B. Cunningham, CFA

Co-Portfolio Manager:
Erik J. Voss, CFA

Investment Team:
Seligman Core/Growth Team

Current Corporation Returns



Fact Sheet
Prospectus
Statement of Additional Information
Stockholder Report
Download Adobe Acrobat

 
 
FUND OBJECTIVE
Tri-Continental Corporation invests to produce future growth of both capital and income, while providing reasonable current income.
 
 
DISTRIBUTION POLICY
The Corporation will make quarterly distributions to Common Stockholders in a minimum amount per share equal to 2.75% of the net asset value (NAV) attributable to a share of the Corporation’s common stock at the end of the prior calendar quarter (or approximately 11% annually), subject to the Board’s right to suspend, modify or terminate this distribution policy. Distributions are expected to consist of net investment income and either one or both of net realized capital gains and return of capital.
 
 
TOP EQUITY HOLDINGS5
As of March 31, 2008
Represents 23.6% of net assets
Exxon Mobil
Gemstar-TV Guide International
Rite Aid
Comverse Technology
JPMorgan Chase
General Electric
AT&T
Phillip Morris International
Microsoft
Marvell Technology Group

 
 
PER SHARE CHARACTERISTICS
as of March 31, 2008
Net Asset Value $19.62
Market Price $17.42
Premium/(Discount) (11.21)%
Net Unrealized Capital Loss 4
*$0.67 in Unrealized Gains and $(4.29) in Unrealized Losses 		$(3.62)*
 
FUND FACTS1
as of March 31, 2008
Inception 1929
NYSE Symbol TY
Weighted Average Market Cap $83.4 billion
NAV Symbol XTYCX
Weighted Average Price/Earnings Ratio (2008)2 19.8
Weighted Average Price/Book Ratio (2008)3 3.8
Net Investment Assets $2.1 billion

 
 
HOLDINGS BY SECTOR
as of March 31, 2008
  Tri-Continental Corporation S&P 500
Consumer Discretionary 10.02% 8.65%
Consumer Staples 7.55 11.07
Energy 12.27 13.25
Financials 14.64 16.80
Health Care 13.95 11.73
Industrials 9.98 12.18
Information Technology 21.78 15.70
Materials 4.70 3.57
Telecommunication Services 3.69 3.44
Utilities 1.42 3.61
+ Sectors are shown as a percent of the total equity holdings, which represent 95.1% total net investment assets.
 
YEAR-BY-YEAR ANNUAL TOTAL RETURNS
as of March 31, 2008


 
 
 
 
INVESTMENT RETURNS
Total returns for the periods ended March 31, 2008
  Average Annual
  One Month* Year-to-Date* One Year Three Years Five Years Ten Years
Net Asset Value -2.27% -11.69% -13.34% 3.05% 9.56% 1.29%
Market Price -3.95 -13.60 -12.86 4.82 10.38 2.03
S&P 500 Index -0.43 -9.44 -5.08 5.85 11.32 3.50
Lipper Closed-End Core Funds Average -2.12 -10.93 -9.75 4.18 11.15 3.37
Lipper Large-Cap Core Funds Average -0.99 -10.22 -5.57 4.94 10.13 2.74
 
 
 
IMPORTANT PERFORMANCE INFORMATION
Performance data quoted herein represents past performance. Past performance does not guarantee or indicate future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data quoted. Total returns for the Fund as of the most recent month-end will be made available at www.tricontinental.com by the seventh business day following that month-end.

The Net Asset Value and Market Price investment results assume the reinvestment of all distributions. The Lipper Closed-End Core Funds Average, the Lipper Large-Cap Core Funds Average, and the S&P 500 Index are unmanaged averages and unmanaged benchmark, respectively, that assume the reinvestment of all distributions and exclude the effect of taxes and sales charges. The S&P 500 Index also excludes the effect of fees. Investors cannot invest directly in an average or index.
 
 
ANNUAL EXPENSES (as a percentage of net assets attributable to Common Stock)
Total Annual Expenses 0.66%
 
 
A WORD ABOUT RISK
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.

Distributions by the Corporation under its Distribution Policy may, as stated on the reverse side, include a return of capital. A return of capital is not net profits of the Corporation but instead a return of a portion of your original investment.

There is no guarantee that the Fund’s investment goals/objective will be met, and you could lose money.

FOR MORE INFORMATION
You should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. A prospectus containing information about the Fund (including its investment objectives, risks, charges, expenses, and other information about the Fund) may be obtained by contacting your financial advisor or Seligman Advisors, Inc. at 800-221-2783. The prospectus should be read carefully before investing in the Fund.

For more information, please call 800-TRI-1092 (800-874-1092) or visit our website at www.tricontinental.com

FOOTNOTES
1 Calculations are based upon information provided by FactSet as of March 31, 2008 for the securities held by the Corporation.

2 Price/Earnings Ratio is the “multiple” of earnings at which a stock sells, determined by dividing current stock price by estimated earnings per share, adjusted for stock splits. A higher “multiple” indicates investors have greater expectations for future growth. The weighted average is the mean of the price/earnings ratios of all securities held in Tri-Continental’s portfolio, weighted by the percent of equity.

3 Price/Book Ratio is the comparison of a stock’s market value to the value of total assets less total liabilities (book value), determined by dividing current stock price by common stockholder equity per share, adjusted for stock splits. The weighted average is the mean of the price/book ratios of all securities held in Tri-Continental’s portfolio, weighted by the percent of equity.

4 Amount shown is based on the Fund’s accounting records and may not reflect certain tax adjustments. Represents net unrealized gains or losses as of March 31, 2008. Actual gains or losses that may be realized in the future may be different than this amount due to market fluctuation and the timing of any sales of portfolio securities.

5 Top equity holdings are shown as a percentage of total net assets. The Corporation is actively managed, and its holdings are subject to change. There can be no assurance that the securities listed above have remained or will remain in the Fund’s portfolio. Holdings should not be construed as a recommendation to buy or sell any security, an indication that any security is suitable for a particular investor or that any of the securities listed were or will be profitable. Portfolio holdings information is available at www.seligman.com.
NOT FDIC INSURED . NOT BANK GUARANTEED . MAY LOSE VALUE

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This information is authorized for use only in the case of concurrent or prior delivery of the offering prospectus of the Corporation. You should consider the investment objectives, risks, charges, and expenses of the Corporation carefully before investing. The prospectus, which contains information about these factors and other information about the Corporation, should be read carefully before investing in the Corporation. You can obtain the Fund’s, prospectus and stockholder reports by clicking on the respective links. These reports and other information are also available on the Securities and Exchange Commission’s EDGAR Database.

Tri-Continental 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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Past performance is not indicative of future results, and there can be no guarantee as to the accuracy of market forecasts. Opinions, estimates, and forecasts may be changed without notice. This material is not an offer, or a solicitation of an offer, to purchase any securities, including shares of any mutual fund, unless preceded or accompanied by a prospectus. The views and opinions expressed are provided for general information only, and do not constitute specific tax, legal, or investment advice to, or recommendations for, any person. We suggest that you consult your financial or tax advisor, accountant, or attorney with regard to your specific situation. The information in this Website is directed at, and is intended for distribution to and use by, US persons only. It is not intended for distribution to, or use by, any person in any jurisdiction or country where such distribution would be contrary to local law or regulation, including the United Kingdom and Hong Kong. None of the services, investments or mutual funds referred to in this Website are intended for UK investors and prospectuses in respect of them will not be distributed to, and agreements in respect of them will not be entered into with, persons resident in the UK or Hong Kong, or any other territory, except where such agreements or distribution would not be contrary to local law or regulation. J. & W. Seligman & Co. Incorporated is an investment advisor registered in the United States with the US Securities and Exchange Commission, and is not licensed or registered in any other jurisdiction. © J. & W. Seligman & Co. Incorporated, 2003. All rights reserved.

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