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TRI-CONTINENTAL DECLARES FIRST QUARTER DIVIDEND

 NEW YORK, March 9 /PRNewswire/ -- Directors of Tri-Continental Corporation (NYSE: TY), the nation's largest diversified, publicly- traded, closed-end equity investment company, today declared a first quarter dividend of 19 cents per share from net investment income on the corporation's common stock. The dividend is payable April 1 to stockholders of record March 19.
 The directors also declared a quarterly dividend of 62.5 cents per share on the corporation's $2.50 preferred stock, payable April 1 to stockholders of record March 19.
 J. & W. Seligman & Co. Incorporated, founded in 1864, is an investment manager and advisor with over $11 billion in assets under management. The firm serves pension plans, institutions, and individuals. In addition to Tri-Continental Corporation, J. & W. Seligman & Co. Incorporate manages the Seligman Mutual Funds, with 30 portfolios, and two closed-end municipal bond funds. The closed end funds are traded on The New York Stock Exchange.
 -0- 3/9/93
 /CONTACT: Heather MacLeod of Tri-Continental Corporation, 212-488-0383/
 (TY)


CO: Tri-Continental Corporation ST: New York IN: FIN SU: DIV

TM-TS -- NY087 -- 4691 03/09/93 17:27 EST
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Publication:PR Newswire
Date:Mar 9, 1993
Words:179
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