Tri-Continental Corporation (NYSE:TY) Directors Re-Elected
22 11월 2006 - 6:51AM
Business Wire
Tri-Continental Corporation (NYSE: TY) today announced the final
results of the September 28, 2006 Special Meeting of Stockholders.
(and its October 4, 2006 adjournment solely in respect of the
proposal to amend Tri-Continental�s charter). The Inspector of
Elections reports that the three incumbent Directors nominated for
re-election by Tri-Continental�s Board were re-elected with an
average of approximately 42% of the vote. An alternate slate of
directors proposed by a dissident group of stockholders received an
average of approximately 28% of the vote. In addition, on a
proposal to amend Tri-Continental�s charter to reduce the quorum
requirements for future stockholder meetings, the results were
approximately 42% in favor and approximately 30% opposed. While the
majority of votes cast were in favor of the amendment, the proposal
did not achieve the required majority of all votes entitled to be
cast. Tri-Continental Corporation is one of the nation�s largest,
diversified, publicly traded closed-end equity investment
companies, and has paid dividends for 62 consecutive years. The
Fund is managed by J. & W. Seligman & Co. Incorporated
(JWS), a New York-based investment manager and advisor, which was
founded in 1864. 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 about the Corporation) may be
obtained by contacting your financial advisor or Seligman Services,
Inc. at 800-597-6068. The prospectus should be read carefully
before investing in the Corporation. Tri-Continental Corporation
(NYSE: TY) today announced the final results of the September 28,
2006 Special Meeting of Stockholders. (and its October 4, 2006
adjournment solely in respect of the proposal to amend
Tri-Continental's charter). The Inspector of Elections reports that
the three incumbent Directors nominated for re-election by
Tri-Continental's Board were re-elected with an average of
approximately 42% of the vote. An alternate slate of directors
proposed by a dissident group of stockholders received an average
of approximately 28% of the vote. In addition, on a proposal to
amend Tri-Continental's charter to reduce the quorum requirements
for future stockholder meetings, the results were approximately 42%
in favor and approximately 30% opposed. While the majority of votes
cast were in favor of the amendment, the proposal did not achieve
the required majority of all votes entitled to be cast.
Tri-Continental Corporation is one of the nation's largest,
diversified, publicly traded closed-end equity investment
companies, and has paid dividends for 62 consecutive years. The
Fund is managed by J. & W. Seligman & Co. Incorporated
(JWS), a New York-based investment manager and advisor, which was
founded in 1864. 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 about the Corporation) may be
obtained by contacting your financial advisor or Seligman Services,
Inc. at 800-597-6068. The prospectus should be read carefully
before investing in the Corporation.
Tri Continental (NYSE:TY)
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