Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a fourth quarter ordinary income distribution of $0.2996 per share of Common Stock and $0.6250 per share of Preferred Stock. In addition, the Corporation declared a total capital gain distribution of $3.3110 per share of Common Stock. This capital gain distribution consists of short-term capital gains of $1.0304 and long-term capital gains of $2.2806. Distributions on Common Stock will be paid on December 23, 2021 to Common Stockholders of record on December 15, 2021 and dividends on Preferred Stock will be paid on January 3, 2022 to Preferred Stockholders of record on December 15, 2021. The ex-dividend date for both the Common Stock and the Preferred Stock is December 14, 2021. The $0.2996 per share ordinary income distribution and the $3.3110 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 December 15, 2021 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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