Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a second quarter ordinary income distribution of $0.2388 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 $0.2966 per share of Common Stock. Distributions on Common Stock will be paid on June 24, 2021 to Common Stockholders of record on June 16, 2021 and dividends on Preferred Stock will be paid on July 1, 2021 to Preferred Stockholders of record on June 16, 2021. The ex-dividend date for both the Common Stock and the Preferred Stock is June 15, 2021. The $0.2388 per share ordinary income distribution and the $0.2966 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 16, 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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