UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the Registrant |X|
Filed by a party other than the Registrant |_|
Check the appropriate box:
|_| Preliminary proxy statement.
|_| Confidential, for Use of the Commission Only (as permitted by Rule 14a-6
(e)(2))
|_| Definitive proxy statement.
|X| Definitive additional materials.
|_| Soliciting material under Rule 14a-12.
SELIGMAN SELECT MUNICIPAL FUND, INC.
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(Name of Registrant's as Specified in each Registrant's Charter)
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(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of filing fee (check the appropriate box):
|X| No fee required.
|_| Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
(1) Title of each class of securities to which transaction applies:
(2) Aggregate number of securities to which transaction applies:
(3) Per unit price or other underlying value of transaction computed pursuant
to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is
calculated and state how it was determined):
(4) Proposed maximum aggregate value of transaction:
(5) Total fee paid:
|_| Fee paid previously with preliminary materials.
|_| Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the form or schedule and the date of its filing.
(1) Amount Previously Paid:
(2) Form, Schedule or Registration Statement No.:
(3) Filing Party:
(4) Date Filed:
SELIGMAN SELECT MUNICIPAL FUND, INC.
URGENT: PLEASE VOTE YOUR SHARES
Dear Stockholders of Seligman Select Municipal Fund, Inc.:
A special meeting of stockholders of Seligman Select Municipal Fund, Inc.
("Select") was held on December 18, 2008. At the meeting, stockholders approved
a new investment management services agreement between Select and RiverSource
Investments, LLC and elected 10 new directors of Select. However, the meeting
has been adjourned to 10:00 a.m. on January 16, 2009 in respect of the proposal
to approve an Agreement and Plan of Merger and Liquidation (the "Plan), the
merger and the other transactions contemplated by the Plan.
In connection with the Proxy Statement/Prospectus, dated October 28, 2008, for
Select previously mailed to you, your Board of Directors recommends that you
vote "FOR" the Plan, Proposal 1 on the enclosed proxy card.
If stockholders approve the acquisition of Select by National Municipal Class
("National Fund"), a series of Seligman Municipal Fund Series, Inc. ("SMFS"), at
the adjourned special meeting to be held on January 16, 2009, any discount
(approximately 9.25% as of December 17, 2008) between the market value of
Select's common stock and its net asset value ("NAV") will be eliminated in
connection with the conversion and exchange of Select's common stock into Class
A common stock of National Fund. National Fund shareholders approved the
investment management services agreement between SMFS (on behalf of National
Fund) and RiverSource Investments, LLC on November 3, 2008.
Although the trading discount of Select's common stock has fluctuated over time,
Select's common stock has traded at a discount to its NAV for many years. If the
acquisition of Select by National Fund is not approved, it is expected that
Select's common stock will continue to trade at a discount to its NAV.
Please vote your proxy "FOR" the Board's recommendation and return or authorize
your proxy as described in the Proxy Statement/Prospectus.
YOUR VOTE IS IMPORTANT
Please complete, date, sign and mail
your proxy card in the envelope provided
as soon as possible.
TO VOTE BY MAIL, PLEASE DETACH PROXY CARD HERE
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PROXY
COMMON STOCK
Seligman Select Municipal Fund, Inc.
100 Park Avenue, New York,
New York 10017
The undersigned stockholder of Seligman Select Municipal Fund, Inc., a
Maryland corporation (the "Corporation"), hereby revokes any previous
proxies with respect to Proposal 1 (as described below), acknowledges
receipt of the Notice of Special Meeting and Proxy Statement for the
reconvened Special Meeting of Stockholders (the "Meeting") of the
Corporation, to be held at 10:00 a.m., local time, on January 16, 2009, at
the offices of Select Municipal 100 Park Avenue, New York, New York 10017,
and appoints WILLIAM C. MORRIS, PAUL B. GOUCHER and BRIAN T. ZINO (or any
of them) as proxies for the undersigned, with full power of substitution
in each of them, to attend the Meeting (and any adjournments or
postponements thereof) and to cast on behalf of the undersigned all the
votes the undersigned is entitled to cast at the Meeting (and any
adjournments or postponements thereof) and otherwise represent the
undersigned at the Meeting (and any adjournments or postponements thereof)
with all the powers possessed by the undersigned if personally present at
the Meeting (and any adjournments or postponements thereof).
The votes entitled to be cast by the undersigned will be cast as
instructed below. If this Proxy is executed but no instruction is given,
the votes entitled to be cast by the undersigned will be cast FOR the
merger and other transactions contemplated by the Plan, as described in
the enclosed proxy statement/prospectus (Proposal 1). The votes entitled
to be cast by the undersigned will be cast in the discretion of the Proxy
holder on any procedural matter related to Proposal 1, that may properly
come before the Meeting (and any adjournments or postponements thereof),
including, but not limited to, proposing and/or voting on adjournment of
the Meeting with respect to proposal, including, but not limited to, in
the event that sufficient votes in favor of the Board proposal are not
received. THE SOLICITATION OF THIS PROXY IS MADE ON BEHALF OF THE BOARD OF
DIRECTORS. YOUR VOTE IS IMPORTANT. Complete, sign on reverse side and
return this card as soon as possible. Mark each vote with an X in the box.
(Continued and to be signed on the reverse side)
THERE ARE THREE WAYS TO AUTHORIZE THE PROXIES TO CAST YOUR VOTES
Your telephone or Internet vote authorizes the named proxies to vote your shares in the same manner as if you had returned your
proxy card. We encourage you to use these cost effective and convenient ways of voting, 24 hours a day, 7 days a week.
TELEPHONE VOTING INTERNET VOTING VOTING BY MAIL
This method is available for residents of Visit the Internet website at Simply complete, sign and date your proxy
the U.S. and Canada. On a touch tone http://proxy.georgeson.com. Enter the card and return it in the postage-paid
telephone, call TOLL FREE 1-800-932-9931, COMPANY NUMBER and CONTROL NUMBER shown envelope. If you are using telephone or
24 hours a day, 7 days a week. You will be below and follow the instructions on your the Internet, please do not mail your
asked to enter ONLY the CONTROL NUMBER screen. You will incur only your usual proxy card.
shown below. Have your instruction card Internet charges. This method is available
ready, and then follow the prerecorded until 11:59 p.m. New York City time on
instructions. Your instructions will be January 15, 2009.
confirmed and votes cast as you direct.
This method is available until 11:59 p.m.
New York City time on January 15, 2009.
This method may also be available by
telephone through the Corporation's proxy
solicitor.
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| COMPANY NUMBER | | CONTROL NUMBER |
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o DETACH BELOW AND RETURN USING THE ENVELOPE PROVIDED ONLY IF YOU ARE VOTING BY MAIL o
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_______
[X] Please mark |
votes as in |
this example. |
|
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| THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS |
| The Board of Directors recommends that you vote FOR the approval of the merger and other transactions contemplated |
| by the Plan, as described in the enclosed Proxy Statement/Prospectus (Proposal 1). |
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[ ] To vote FOR the Proposal for the Corporation, Your Board
--- Recommends
mark this box. No other vote is necessary. FOR AGAINST ABSTAIN
[ ] [ ] [ ]
1. To approve the merger and other transactions contemplated by the Plan, as
described in the enclosed Proxy Statement/Prospectus.
2. To vote and otherwise represent the undersigned on any procedural matter that may
properly come before the Meeting with respect to Proposal 1.
PLEASE SIGN AND RETURN IMMEDIATELY
Dated: ______________________________________________
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Signature
_____________________________________________________
Additional Signature (if held jointly)
| Please sign exactly as your name(s) appear(s) on this
| Proxy, and date it. When shares are held jointly,
| each holder should sign. When signing in a
|_______ representative capacity, please give title.