EXHIBIT 99.2
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Tri-Continental Corporation [TY NYSE LOGO]
an investment you can live with January 31, 2007
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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 Manager:
John B. Cunningham
Investment Team:
Seligman Core Investment Team
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SELIGMAN'S STYLE ANALYSIS
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MANAGEMENT STYLE
Value Blend Growth
Large X
MARKET CAP Medium
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 22.8% of net assets
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Altria Group
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General Electric
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Exxon Mobil
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Wachovia
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JPMorgan Chase
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Capital One Financial
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Bank of America
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ConocoPhillips
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Microsoft
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Rite Aid
The Corporation is actively managed, and its holdings are subject to change.
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 $ 25.95
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Market Price $ 22.73
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Premium/(Discount) (12.41)%
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Accumulated Realized Capital Gain(1) $ 0.31
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Net Unrealized Capital Gain(2) $ 1.02*
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1 Amount shown does not reflect certain tax adjustments. Represents
accumulated net gains or losses on portfolio transactions through January
31, 2007.
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
January 31, 2007. Actual gains or losses 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.
* $1.78 in Unrealized Gains and $(0.76) in Unrealized Losses.
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DISTRIBUTIONS
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Number of Consecutive Years Dividend Paid 63
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Yield of Portfolio 1.23%
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SEC Yield 1.17%
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Rolling Average Distribution Rate (Includes Dividends and Capital Gains) Five Year** 1.40%
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Ten Year** 7.60%
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** As of December 31, 2006.
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HOLDINGS BY SECTOR
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Tri-Continental Corporation+ S&P 500
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Consumer Discretionary 7.12% 10.76%
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Consumer Staples 10.50 9.29
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Energy 10.46 9.69
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Financials 16.28 22.17
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Health Care 12.11 12.20
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Industrials 11.31 10.82
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Information Technology 19.52 15.10
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Materials 3.19 3.05
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Telecommunication Services 2.85 3.57
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Utilities 0.64 3.35
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Short-Term 6.02 0.00
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+ 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 January 31, 2007
Average Annual
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One Month++ One Year Three Years Five Years Ten Years
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Net Asset Value 1.13% 15.68% 10.75% 5.11% 6.01%
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Market Price 1.56 16.90 11.45 5.24 6.57
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Lipper Closed-End Core Funds Average 2.11 13.72 9.71 6.18 6.56
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S&P 500 1.51 14.51 10.32 6.82 7.93
++ 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 Core 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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Tri-Continental Corporation [TY NYSE LOGO]
an investment you can live with January 31, 2007
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PORTFOLIO STATISTICS(1)
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Inception 1929
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NYSE Symbol TY
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NAV Symbol XTYCX
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Median Market Cap $48 billion
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Weighted Average Price/Earnings
Ratio (2006)(2) 14.40
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Weighted Average Price/Book
Ratio (2006)(3) 2.5x
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Net Investment Assets $2.7 billion
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1 Calculations are based upon information provided by FactSet as of 1/31/07
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 BY A BAR CHART IN THE PRINTED MATERIAL.]
Year-to-Date
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 (1/31/07)
Market Value 27.9 26.2 12.6 -11.6 -5.2 -28.2 25.2 13.0 3.0 22.1 1.6
Net Asset Value 26.6 25.8 10.7 - 8.3 -10.2 -26.4 25.8 13.4 2.7 17.4 1.1
See Important Performance Information on page 1 of this fact sheet.
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GROWTH OF $10,000
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1/31/97 - 1/31/07 (Based on Market Price)
[MOUNTAIN LINE GRAPH OMITTED]
$18,886
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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CETRI8-0107 DISTRIBUTED BY SELIGMAN ADVISORS, INC.