Tri-Continental Corporation (NYSE: TY) Clarification Regarding Tender Offer
27 11์ 2008 - 4:54AM
Business Wire
Tri-Continental Corporation (the ๏ฟฝCorporation๏ฟฝ) (NYSE: TY) today
confirmed that its pending offer (the ๏ฟฝOffer๏ฟฝ) to repurchase up to
approximately 35% of its issued and outstanding shares of common
stock (๏ฟฝCommon Stock๏ฟฝ) in exchange for a pro rata portion of the
Corporation๏ฟฝs portfolio securities (subject to certain exceptions)
and cash (or cash equivalents) at a price equal to 99.25% of the
net asset value (๏ฟฝNAV๏ฟฝ) per share of Common Stock as of the close
of the regular trading session of the New York Stock Exchange on
the trading day immediately after the day the repurchase offer
expires (the ๏ฟฝRepurchase Pricing Date๏ฟฝ) is being made solely to
U.S. holders of its Common Stock and Qualified U.K. Stockholders
(as defined in the Offer to Repurchase, dated November 12, 2008,
included in the Schedule TO filed by the Corporation with the
Securities and Exchange Commission on November 12, 2008). The
Corporation noted that the Offer to Repurchase states that the
Offer is not being made, directly or indirectly, in or into, and
may not be accepted from within, any jurisdiction in which the
making of the offer or the acceptance of the offer would, absent
prior registration, filing or qualification under applicable laws,
not be in compliance with the laws of that jurisdiction. None of
the Corporation, its Board of Directors or its investment manager
is making any recommendation to the Corporation๏ฟฝs stockholders
regarding whether to tender Common Stock in the Offer. This release
is not an offer to purchase or the solicitation of an offer to sell
shares of the Corporation or a prospectus, circular or
representation intended for use in the purchase or sale of
Corporation shares. The Offer referred to in this announcement is
made only by offers to purchase, as described in the tender offer
statement filed with the SEC. Stockholders of the Corporation
should read the tender offer statement carefully because they
contain important information on the Corporation and the tender
offers. Stockholders may obtain the Offer statement and other filed
documents for free at the SEC๏ฟฝs web site at http://www.sec.gov, the
Corporation๏ฟฝs website, www.tricontinental.com, or from Georgeson
Inc., the Corporation๏ฟฝs Information Agent, by calling
1-888-219-8293, Monday through Friday between the hours of 9:00
a.m. and 11:00 p.m., Eastern time, or Saturday between the hours of
10:00 a.m. and 4:00 p.m., Eastern time (except holidays). Until the
Offer expires, NAV quotations can be obtained from Georgeson Inc.
at the telephone number listed in the paragraph above. The
Corporation is one of the nation๏ฟฝs largest, diversified, publicly
traded closed-end equity investment companies and has paid
dividends for 64 consecutive years. Effective November๏ฟฝ7, 2008, the
Corporation is managed by RiverSource Investments, LLC, a wholly
owned subsidiary of Ameriprise Financial, Inc. Prior to then, the
Corporation was managed by J.๏ฟฝ& W. Seligman๏ฟฝ& Co.
Incorporated. Seligman Advisors, Inc. is the principal underwriter
of the Seligman mutual funds. The net asset value of shares may not
always correspond to the market price of such shares. Common Stock
of many closed-end funds frequently trade at a discount from their
net asset value. The Corporation is subject to stock market risk,
which is the risk that stock prices overall will decline over short
or long periods, adversely affecting the value of an investment in
the Corporation. 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 Advisors,
Inc. at 800-221-2783. The prospectus should be read carefully
before investing in the Corporation. There is no guarantee that the
Corporation๏ฟฝs investment goals/objectives will be met, and you
could lose money.
Tri Continental (NYSE:TY)
๊ณผ๊ฑฐ ๋ฐ์ดํฐ ์ฃผ์ ์ฐจํธ
๋ถํฐ 6์(6) 2024 ์ผ๋ก 7์(7) 2024
Tri Continental (NYSE:TY)
๊ณผ๊ฑฐ ๋ฐ์ดํฐ ์ฃผ์ ์ฐจํธ
๋ถํฐ 7์(7) 2023 ์ผ๋ก 7์(7) 2024