MINNEAPOLIS--(BUSINESS WIRE)--
Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today held
its 85th Annual Meeting of Stockholders (the “Meeting”) in
Minneapolis, Minnesota. Stockholders voted in accordance with the
recommendations of the Corporation’s Board of Directors (the “Board”) on
each of the three proposals at the Meeting.
Stockholders elected four Directors at the Meeting. William Hawkins was
elected Director for a term that will expire at the Corporation’s 2017
Annual Meeting of Stockholders, and Kathleen Blatz, Pamela G. Carlton,
and Alison Taunton-Rigby were each elected as Director for a term that
will expire at the Corporation’s 2018 Annual Meeting of Stockholders.
Stockholders also ratified the Board’s selection of
PricewaterhouseCoopers LLP as the Corporation’s independent registered
public accounting firm for 2015. Stockholders voted against a
stockholder proposal relating to a self-tender offer for the outstanding
shares of the Corporation’s common stock or a conversion of the
Corporation to an ETF or open-end fund or to liquidate. The
Corporation’s stockholders have routinely rejected similar open-ending
proposals, with this rejection marking the 6th time in the
past 20 years.
Important Disclosures:
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) may be
obtained by contacting your financial advisor or Columbia Management
Investment Services Corp. at 800-345-6611 or visiting www.columbiathreadneedleus.com.
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.
The net asset value of the Corporation’s shares may not always
correspond to their market price. Shares of closed-end funds frequently
trade at a discount from their net asset value. The Corporation’s share
price may be adversely affected if the market value of its portfolio
securities falls, fails to rise, or fluctuates due to factors affecting
a single issuer, sector of the economy, industry or the market as a
whole.
Columbia Threadneedle Investments is the global brand name of the
Columbia and Threadneedle group of companies.
The Corporation 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
© 2015 Columbia Management Investment Advisers, LLC. All rights reserved.
AdTrax 1169788
For Tri-Continental Corporation
Stockholder contact:
Gary
Terpening, 212-850-1533
gary.a.terpening@columbiathreadneedle.com
or
Media
contact:
Steven Connolly, 612-671-4146
steven.x.connolly@ampf.com
Source: Tri-Continental Corporation