Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a fourth quarter ordinary income distribution of $0.2651 per share of Common Stock and $0.6250 per share of Preferred Stock. In addition, the Corporation declared a total long-term capital gain distribution of $0.6213 per share of Common Stock. Distributions on Common Stock will be paid on December 20, 2022 to Common Stockholders of record on December 12, 2022 and dividends on Preferred Stock will be paid on January 3, 2023 to Preferred Stockholders of record on December 12, 2022. The ex-dividend date for both the Common Stock and the Preferred Stock is December 9, 2022. The $0.2651 per share ordinary income distribution and the $0.6213 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 12, 2022, 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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