EXHIBIT 99.1
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TY
LISTED
NYSE
Tri-Continental Corporation
an investment you can live with September 30, 2006
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FUND OBJECTIVE
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Tri-Continental Corporation invests to produce future growth of both capital and
income, while providing reasonable current income.
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PORTFOLIO MANAGEMENT
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Portfolio Managers:
John B. Cunningham and Michael F. McGarry
Investment Team:
Seligman Core Investment Team
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SELIGMAN'S STYLE ANALYSIS
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MANAGEMENT STYLE
Value Blend Growth
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Large o
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MARKET CAP Medium
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Small
This style analysis is the opinion of Seligman only and has not been provided by
any third party.
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TOP EQUITY HOLDINGS
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Represents 20.3% of net assets
General Electric 3.2%
Altria Group 2.7
Citigroup 2.5
Exxon Mobil 1.8
Microsoft 1.7
American International Group 1.7
Pfizer 1.5
Chevron 1.4
QUALCOMM 1.4
WellPoint 1.4
The Corporation is actively managed, and its holdings are subject to change.
Holdings and Portfolio Composition are shown as a percentage of net assets.
Portfolio holdings information is available at www.seligman.com.
For more information, please call 800-TRI-1092 (800-874-1092) or visit our
website at www.tricontinental.com
The website reference contained herein is an inactive textual
reference and information contained in or otherwise accessible
through this website does not form a part of this fact sheet.
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PER SHARE CHARACTERISTICS
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Net Asset Value $23.92
Market Price $21.03
Premium/(Discount) (12.08)%
Accumulated Realized Capital Loss(1) ($0.01)
Net Unrealized Capital Loss(2) ($0.63)*
(1) Amount shown is based on the Fund's accounting records and may not reflect
certain tax adjustments. Represents accumulated net gains or losses on
portfolio transactions through September 30, 2006. Net realized losses for
a fiscal year may be carried forward for up to eight years to offset
future net realized gains.
(2) Amount shown is based on the Fund's accounting records and may not reflect
certain tax adjustments. Represents net unrealized gains or losses as of
September 30, 2006. Actual gains that may be realized in the future may be
different than this amount due to market fluctuation and the timing of any
sales of portfolio securities.
* $0.40 in Unrealized Gains and $(1.03) in Unrealized Losses.
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DISTRIBUTIONS
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Number of Consecutive Years Dividend Paid 62
Yield of Portfolio 1.33%
SEC Yield 1.16%
Rolling Average Distibution Rate (Includes
Dividends and Capital Gains) Five Year** 2.50%
Ten Year** 8.40%
** As of September 30, 2006.
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HOLDINGS BY SECTOR
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Tri-Continental Corporation+ S&P 500
Consumer Discretionary 10.40% 10.15%
Consumer Staples 6.30 9.58
Energy 7.79 9.34
Financials 18.09 22.26
Health Care 13.42 12.68
Industrials 9.37 10.93
Information Technology 19.01 15.27
Materials 2.88 2.87
Telecommunication Services 3.14 3.50
Utilities 0.97 3.42
Short-Term 8.63 0.00
+ Sectors are shown as a percent of the total portfolio holdings.
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INVESTMENT RESULTS
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Total returns for the periods ended September 30, 2006
Average Annual
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One Month++ Year-to-Date++ One Year Three Years Five Years Ten Years
Net Asset Value 2.39% 9.08% 11.70% 12.40% 5.41% 6.18%
Market Price 3.03 14.38 16.82 13.50 5.29 6.78
S&P 500 2.58 8.52 10.78 12.29 6.97 8.59
Lipper Closed-End
Growth & Income
Funds Average 1.24 8.73 10.29 12.46 7.08 7.83
++ Not annualized.
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IMPORTANT PERFORMANCE INFORMATION
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Performance data quoted herein represents past performance. Past performance
does not guarantee or indicate future results. Investment return and principal
value of an investment will fluctuate so that an investor's shares, when sold,
may be worth more or less than their original cost. Current performance may be
higher or lower than the performance data quoted. Total returns for the Fund as
of the most recent month-end will be made available at www.tricontinental.com by
the seventh business day following that month-end.
The Net Asset Value and Market Price investment results assume the reinvestment
of all distributions. The Lipper Closed-End Growth & Income Funds Average and
the S&P 500 are an unmanaged average and benchmark, respectively, that assume
the reinvestment of all distributions and exclude the effect of taxes and sales
charges. The S&P 500 also excludes the effect of fees. Investors cannot invest
in an average or index.
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NOT FDIC INSURED o NOT BANK GUARANTEED o MAY LOSE VALUE
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TY
LISTED
NYSE
Tri-Continental Corporation
an investment you can live with September 30, 2006
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PORTFOLIO STATISTICS(1)
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Inception 1929
NYSE Symbol TY
NAV Symbol XTYCX
Median Market Cap $51 billion
Weighted Average Price/
Earnings Ratio (2005)(2) 15.80
Weighted Average Price/
Book Ratio (2005)(3) 2.5x
Net Investment Assets $2.5 billion
(1) Calculations are based upon information provided by FactSet as of 9/30/06
for the securities held in the Corporation.
(2) Price/Earnings Ratio is the "multiple" of earnings at which a stock sells,
determined by dividing current stock price by estimated earnings per
share, adjusted for stock splits. A higher "multiple" indicates investors
have greater expectations for future growth. The weighted average is the
mean of the price/earnings ratios of all securities held in
Tri-Continental's portfolio, weighted by the percent of equity.
(3) Price/Book Ratio is the comparison of a stock's market value to the value
of total assets less total liabilities (book value), determined by
dividing current stock price by common stockholder equity per share,
adjusted for stock splits. The weighted average is the mean of the
price/book ratios of all securities held in Tri-Continental's portfolio,
weighted by the percent of equity.
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FOR MORE INFORMATION
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This information is authorized for use only in the case of concurrent or prior
delivery of the offering prospectus for Tri-Continental Corporation. You should
consider the investment objectives, risks, charges, and expenses of
Tri-Continental Corporation carefully before investing. The prospectus, which
contains information about these factors and other important information, should
be read carefully before investing.
For more information, please call 800-TRI-1092 (800-874-1092) or visit our
website at www.tricontinental.com
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YEAR-BY-YEAR ANNUAL TOTAL RETURNS
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[THE FOLLOWING TABLE WAS REPRESENTED AS A BAR CHART IN THE PRINTED MATERIAL.]
Year-to-Date
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 (9/30/06)
Market Value 22.0% 27.9% 26.2% 12.6% -11.6% -5.2% -28.2% 25.2% 13.0% 3.0% 14.4%
Net Asset Value 21.4% 26.6% 25.8% 10.7% -8.3% -10.2% -26.4% 25.8% 13.4% 2.7% 9.1%
See Important Performance Information on page 1 of this fact sheet.
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GROWTH OF $10,000
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[MOUNTAIN LINE GRAPH OMITTED]
9/30/96 - 9/30/06 (Based on Market Price)
$19,264
Excludes the effect of any costs associated with the purchase of shares. See
Important Performance Information on page 1 of this fact sheet.
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A WORD ABOUT RISK
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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 Fund.
There is no guarantee that the Fund's investment goals/objective will be met,
and you could lose money.
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NOT FDIC INSURED o NOT BANK GUARANTEED o MAY LOSE VALUE
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CETRI8-0906 DISTRIBUTED BY SELIGMAN ADVISORS, INC.
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