Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a second quarter ordinary income distribution of $0.2824 per share of Common Stock and $0.6250 per share of Preferred Stock. In addition, the Corporation declared a long-term capital gain distribution of $0.2074 per share of Common Stock. Distributions on Common Stock will be paid on June 25, 2020 to Common Stockholders of record on June 17, 2020 and dividends on Preferred Stock will be paid on July 1, 2020 to Preferred Stockholders of record on June 17, 2020. The ex-dividend date for both the Common Stock and the Preferred Stock is June 16, 2020. The $0.2824 per share ordinary income distribution and the $0.2074 per share capital gain distribution on the Common Stock is in accordance with the Corporation’s distribution policy. The capital gain distribution, being a special distribution, will be paid in stock except that any stockholder of record as of June 17, 2020 may elect to receive such distribution as follows: 75% in shares and 25% in cash; 50% in shares and 50% in cash; or 100% in cash.
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