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Tri-Continental Corporation, traded on the New York Stock Exchange under the ticker symbol "TY," is one of the nation's oldest, diversified, closed-end investment companies. Since its inception in January 1929, Tri-Continental has sought to provide its investors with long-term growth of capital and income, and reasonable current income through a diversified portfolio. Its portfolio consists primarily of large-capitalization stocks representing a wide range of industry sectors.  Tri-Continental has paid dividends to Common Stockholders for 63 consecutive years.

For more information on returns and portfolio holdings click here.
Tri-Continental Corporation Holds 79th Annual Meeting of Stockholders
Baltimore, Maryland, June 9, 2009 - Today, Tri-Continental Corporation (the “Corporation”) (NYSE: TY) held its 79th Annual Meeting of Stockholders (the “Meeting”) in Baltimore, Maryland. Stockholders voted in accordance with the recommendations of the Corporation’s Board of Directors on each of the three proposals at the Meeting.
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Tri-Continental Corporation Declares First Quarter Dividend Under New, Earned Distribution Policy
NEW YORK, NY, March 6, 2009 – Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a first quarter dividend of $0.056 per share of Common Stock and $0.625 per share of Preferred Stock. Dividends on Common Stock will be paid on March 23, 2009 to Common Stockholders of record on March 16, 2009, and dividends on Preferred Stock will be paid on April 1, 2009 to Preferred Stockholders of record on March 16, 2009. The ex-dividend date for both the Common Stock and the Preferred Stock is March 12, 2009.
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Tri-Continental Corporation Announces Purchase Price Of Tendered Shares Accepted In Cash Tender Offer
NEW YORK, NY, February 12, 2009 — Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today announced that in accordance with its cash tender offer to repurchase up to approximately 12.5% of its issued and outstanding shares of common stock (the “Cash Offer”), which expired yesterday, February 11, 2009, the Corporation has accepted for purchase 9,254,911 shares, representing 100% of all properly tendered shares.  The shares will be purchased at a price of $10.06 per share, which is equal to 99.25% of the net asset value per share of the Corporation’s common stock as of the close of the regular trading session of the New York Stock Exchange on February 12, 2009. The number of shares to be purchased represents approximately 11.7% of the Corporation’s issued and outstanding shares.
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Tri-Continental Corporation (NYSE: TY) Changes To Distribution Policy And Stock Repurchase Program
NEW YORK, January 8, 2009 – Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today announced changes to its distribution policy and stock repurchase program. Effective today, the Corporation has eliminated its level rate distribution policy, which called for quarterly distributions to holders of Common Stock (“Stockholders”) equal to 2.75% of the net asset value (NAV) attributable to the Corporation’s Common Stock at the end of the prior calendar quarter (or approximately 11% annually), consisting of distributions of income, and one or both of net realized capital gains and returns of capital (the “Level Distribution Policy”). The Corporation’s commitment to continue the Level Distribution Policy expired on December 31, 2008. Effective today, the Corporation has adopted an earned distribution policy, meaning that the Corporation intends to make distributions to Stockholders that are approximately equal to all distributions received by the Corporation from its underlying portfolio investments, less the Corporation’s expenses and dividends payable on the Corporation’s Preferred Stock.  The change being implemented by the Corporation is driven largely by market factors and is consistent with the experience of other closed-end funds, many of which have reduced or are expected to reduce distributions to their stockholders. 
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Tri-Continental Corporation (NYSE: TY) Announces Expiration And Results Of In-Kind Tender Offer, And Intention To Conduct Cash Tender Offer In January 2009
NEW YORK, NY, December 11, 2008 — Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today announced the expiration and results of its in-kind tender offer for up to 36,308,589 of its shares of common stock, representing approximately 35% of its issued and outstanding shares (the “In-Kind Offer”). The In-Kind Offer expired at 5:00 p.m., Eastern time, on Thursday, December 11, 2008.
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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 Corporation’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.

On November 7, 2008, RiverSource Investments, LLC ("RiverSource Investments") completed its acquisition of J. & W. Seligman & Co. Incorporated. In addition, at a special meeting held on October 28, 2008, the stockholders of the Fund approved a new investment management services agreement between the Fund and RiverSource Investments. With the completion of the acquisition and the approval of this new agreement by the Fund's stockholders, RiverSource Investments is the new investment manager of the Fund effective November 7, 2008.

Tri-Continental is managed by RiverSource Investments, LLC, and distributed by RiverSource Fund Distributors, Inc., member FINRA. RiverSource Services, Inc. provides client services to shareholders of Tri-Continental.

© 2009 RiverSource Investments, LLC. All rights reserved.

 

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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.

The Corporation is managed by RiverSource Investments, LLC.

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