Tri-Continental Corporation Declares First Quarter Distribution

BOSTON ~ Boston- Tri-Continental Corporation (TY) has announced its first quarter ordinary income distribution for 2024. The Corporation declared a distribution of $0.2560 per share of Common Stock and $0.6250 per share of Preferred Stock. The distributions will be paid on March 19, 2024 to Common Stockholders and on April 1, 2024 to Preferred Stockholders, both of record on March 11, 2024. The ex-dividend date for both stocks is March 8, 2024.

This distribution is in accordance with the Corporation's distribution policy and marks the 80th consecutive year that dividends have been paid on its common stock. Tri-Continental Corporation's investment manager is Columbia Management Investment Advisers, LLC, a subsidiary of Ameriprise Financial, Inc.

The amount of the Corporation's current distribution is based on its earnings and profits and does not include a return of capital from investors' original investment. However, the net asset value of the Corporation's common shares may not always correspond to their market price as they may trade at a discount.

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Investing in Tri-Continental Corporation comes with stock market risk as market prices for its common shares may decline over short or long periods. The Corporation uses quantitative methods to select securities which may perform differently from the overall market and there is no guarantee that this methodology will achieve its objective.

The portfolio investments of the Corporation are also subject to market risk which can affect a single issuer, sector, industry or the market as a whole. Fixed-income investments such as convertible securities are exposed to credit risk, interest rate risk, prepayment and extension risk. These risks are more pronounced for longer-term securities and high-yield securities.

The use of leverage by the Corporation through its preferred stock also exposes it to greater risks due to unexpected market movements which can increase losses and volatility of returns.

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Investors are advised to carefully consider the investment objectives, risks, charges, and expenses of the Corporation before investing. A prospectus containing this information can be obtained from a financial advisor or Columbia Management Investment Services Corp. at 800-345-6611. The prospectus is also available on the Securities and Exchange Commission's EDGAR database and should be read carefully before making any investment.

Tri-Continental Corporation is managed by Columbia Management Investment Advisers, LLC under the global brand name of Columbia Threadneedle Investments. Past performance does not guarantee future results and investment products are not insured by the FDIC, NCUA or any federal agency.

For more information, stockholders can contact 800-345-6611 option 3 and media inquiries can be directed to Lisa Feuerbach at 617-897-9344 or

© 2024 Columbia Management Investment Advisers, LLC. All rights reserved.

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