Tri-Continental Corporation Announces Election of Director to Replace Seat Vacated by Retired Director
03 3월 2015 - 7:04AM
Business Wire
The members of the Board of Tri-Continental Corporation (the
“Corporation”) (NYSE: TY) today announced their
consideration and unanimous election of William A. Hawkins to the
Corporation’s Board of Directors, filling a seat vacated by Stephen
R. Lewis, Jr., since his retirement from the Board on January 1,
2015. In addition to his duties as a director, Mr. Hawkins will
also serve on the Board’s Audit Committee, Compliance Committee,
Executive Committee, and Investment Review Committee. Mr. Hawkins
also serves on the board of directors/trustees of other Columbia
funds, including one other closed-end fund and certain open-end
funds.
At the Corporation’s 85th Annual Meeting of Stockholders (the
2015 Meeting), to be held on April 13, 2015 in Minneapolis, MN,
Stockholders will be asked to elect Mr. Hawkins to hold office
until the 2017 Annual Meeting of Stockholders and until his
successor is elected and qualifies. In addition, as previously
announced, three of the Corporation’s directors will be standing
for re-election to the Board at the 2015 Meeting. This and other
information relating to the Meeting, including additional details
of the Meeting place and time, will be described in a notice of
meeting and proxy statement that the Corporation intends to file
with the Securities and Exchange Commission.
The Corporation is managed by Columbia Management Investment
Advisers, LLC. This material is distributed by Columbia Management
Investment Distributors, Inc., member FINRA.
Investors 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 visiting
www.columbiamanagement.com. The prospectus should be read
carefully before investing in the Corporation. For more
information, please call 1-800-345-6611 or visit
columbiamanagement.com.
Investment products are not federally or FDIC-insured, are not
deposits or obligations of, or guaranteed by any financial
institution, and involve investment risks including possible loss
of principal and fluctuation in value.
© 2015 Columbia Management Investment Advisers, LLC. All rights
reserved.
AdTrax #1136664
The net asset value of shares may not always correspond to the
market price of such shares. Shares of many closed-end funds
frequently trade at a discount from their net asset value.
Tri-Continental 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. The Corporation may invest in foreign securities,
which involve certain risks not associated with investments in U.S.
companies, including political, regulatory, economic, social, and
other conditions or events occurring in the particular country, as
well as fluctuations in its currency and the risks associated with
less developed custody and settlement practices. Risks are
particularly significant in emerging markets. The Corporation’s use
of leverage exposes it to greater risks due to unanticipated market
movements, which may magnify losses and increase volatility of
returns. The Corporation’s use of derivatives introduces risks
possibly greater than the risks associated with investing directly
in the investments underlying the derivatives. A relatively small
price movement in an underlying investment may result in a
substantial gain or loss. There are risks associated with fixed
income investments, including credit risk, interest rate risk, and
prepayment and extension risk. In general, bond prices rise when
interest rates fall and vice versa. This effect is more pronounced
for longer-term securities.
For Tri-Continental CorporationStockholder contact:Gary
Terpening,
212-850-1533gary.a.terpening@ampf.comorMedia
contact:Steven Connolly,
612-671-4146steven.x.connolly@ampf.com
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