Tri-Continental Corporation Declares Fourth Quarter Dividend of $.105

Tri-Continental Corporation

today declared a fourth quarter distribution of $0.105 per share of Common Stock and $0.625 per share of Preferred Stock. Dividends on Common Stock will be paid on December 20, 2010 to Common Stockholders of record on December 13, 2010, and dividends on Preferred Stock will be paid on January 3, 2011 to Preferred Stockholders of record on December 13, 2010. The ex-dividend date for both the Common Stock and the Preferred Stock is December 9, 2010. The $0.105 per share dividend on the Common Stock is in accordance with the Corporation's earned distribution policy.