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Seligman Press Release

March 9, 2007 Archived Press Releases  
 
For More Information Contact: Mary Ann Susco
Corporate Communications
J. & W. Seligman & Co. Incorporated
(212) 850-1382
suscom@jwseligman.com 		 
  STOCKHOLDER CONTACT:
Marco Acosta
1-800-597-6068 (Option #1)
acostam@jwseligman.com 		 
 
 

Tri-Continental Corporation (NYSE: TY) Declares
First Quarter Income Dividend

Simultaneous Payment with Capital Gains Distribution
  NEW YORK, March 9, 2007 – The Board of Directors of Tri-Continental Corporation (NYSE: TY), today declared a first quarter dividend of $0.14 per common share and $0.625 per preferred share. On February 21, 2007, the Board declared a long-term capital gain distribution of $0.12 per common share from net gain realized on investments through December 31, 2006, bringing the first quarter distribution to a total of $0.26 per common share. Common share distributions will be paid on March 27, 2007 and preferred share distributions will be paid on April 2, 2007 to Stockholders of record on March 20, 2007. The ex-dividend date for both the common and preferred shares is March 16, 2007. Common Stockholders will be paid the capital gain distribution in accordance with their capital gain payment options.

“The increase in the quarterly dividend to $0.14 from $0.07 in the previous quarter reflects a growing emphasis at Tri-Continental in making investments that provide the opportunity for long-term growth of capital as well as a higher level of current income.” said Brian T. Zino, President of the Fund.


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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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