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Columbia Threadneedle Investments Launches Strategic Beta ETF Focused on Municipal Bonds

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Columbia Multi-Sector Municipal Income ETF leverages firm's
strength as active investment manager of municipal bond portfolios

Columbia Threadneedle Investments today announced the expansion of its
strategic beta exchange-traded fund (ETF) offerings, with the launch of Columbia
Multi-Sector Municipal Income ETF
(NYSE:MUST). MUST
tracks the Beta Advantage® Multi-Sector Municipal Bond
Index, which has exposure to five sectors of the municipal bond market
using a rules-based approach to bond selection. Columbia Threadneedle
drew upon its expertise as an experienced active investment manager of
municipal bond portfolios to create the strategic beta rules that are
the foundation for the construction of the index. MUST's custom index
was designed by Columbia Threadneedle's municipal fixed-income team and
is administered by Bloomberg Index Services Limited.

MUST is intended to serve as a core municipal bond allocation in
investors' portfolios but can also complement traditional core holdings
to deliver higher tax-exempt income and risk-adjusted return potential
than traditional benchmark products.

"Today's municipal market is comprised of nearly $4 trillion in assets
spread out among more than one million debt offerings from 80,000
issuers," said Catherine Stienstra, who oversees more than $18 billion
in assets as head of municipal bond investments at Columbia Threadneedle
Investments and serves as Lead Portfolio Manager of MUST. "In the muni
space, buying individual bonds or purchasing a debt-weighted benchmarked
product doesn't give investors the diversification they need, nor the
ability to manage credit risk transparently and efficiently. We created
MUST with the goal of simplifying investors' municipal bond exposure
without compromising their investment objectives," she added.

Many of the standard municipal bond benchmarks in the market today were
designed by index providers to measure limited areas of the market. As a
result, they adhere to narrowly defined parameters that deliver distinct
characteristics rather than desirable investment outcomes. Also,
traditional benchmarks can distort the true investment opportunity set
by favoring larger state general obligation bond issuers at the expense
of revenue-backed bonds, since their constituents are typically weighted
based on indebtedness.

"Even though most investors' current exposure to municipals is through
actively managed portfolios or individual bonds, we've seen a growing
interest in passive products in the municipal space," said Marc Zeitoun,
CFA, head of strategic beta at Columbia Threadneedle Investments. "Given
the limitations of existing municipal bond benchmarks, we opted to draw
upon our expertise in managing active municipal bond portfolios to build
an innovative, strategic beta fund that leverages our best thinking, but
in a cost-effective, risk-managed way."

With the launch of MUST, Columbia Threadneedle now offers investors and
their financial advisors a broad range of multi-sector fixed income
solutions, both taxable and tax-exempt in different product structures:

 
Columbia Multi-Sector Fixed Income Strategies
Strategic Beta ETF     Mutual Fund     SMA
Columbia Multi-Sector     Columbia Strategic Municipal Income Fund     Columbia Short Term Municipal
Municipal Income ETF (MUST) Columbia Tax-Exempt Fund Columbia Short-Intermediate Municipal
Columbia Diversified Fixed Columbia AMT-Free Intermediate Muni Bond Fund Columbia Intermedia Term Municipal
Income Allocation ETF (DIAL) Columbia Short Term Municipal Bond Fund Columbia 1-10 Year Municipal Ladder
Columbia U.S. Social Bond Fund Columbia 5-10 Year Municipal Ladder
Columbia Strategic Income Fund Columbia 10-15 Year Municipal Ladder
Columbia Total Return Bond Fund
      Columbia Bond Fund      
 

About Columbia Threadneedle Investments:
Columbia
Threadneedle Investments is a leading global asset manager that provides
a broad range of investment strategies and solutions for individual,
institutional and corporate clients around the world. With more than
2,000 people, including over 450 investment professionals based in North
America, Europe and Asia, we manage $482 billion1 of assets
across developed and emerging market equities, fixed income, asset
allocation solutions and alternatives.

Columbia Threadneedle Investments is the global asset management group
of Ameriprise Financial, Inc. (NYSE:AMP).

For more information about our mutual funds, please visit https://www.columbiathreadneedleus.com/.

For more information about our ETFs, please visit http://www.columbiathreadneedleetf.com/.

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1As of June 30, 2018.

Carefully consider the fund‘s investment objectives, risk factors and
charges and expenses before investing. This and other information can be
found in the fund's prospectus, which, for the Columbia ETFs, may be
obtained by calling 888.800.4347 or by visiting the fund's website
www.columbiathreadneedleetf.com
to view or download a prospectus and for the Columbia mutual funds may
be obtained by calling 800.345.6611 or by visiting the fund's website
www.columbiathreadneedleus.com
to view or download a prospectus. Read the prospectus carefully before
investing. Investing involves risk, including possible loss of principal.

Columbia Multi-Sector Municipal Income ETF seeks investment results
that, before fees and expenses, closely correspond to the performance of
the Beta Advantage® Multi-Sector Municipal Bond Index.

Investing involves risks, including the risk of loss of
principal. Market risk may affect a single issuer, sector of the
economy, industry or the market as a whole. Fixed-income securities
present credit risk, which includes issuer default risk.
The fund is subject to municipal securities risk, which includes
the risk that the value of such securities may be affected by state tax,
legislative, regulatory, demographic or political conditions/factors, as
well as a state's financial, economic or other conditions/factors. The
fund may invest materially in a single issuer and, therefore, be more
exposed to the risk of loss than a fund that invests more broadly. Prepayment
and extension
risk exists because the timing of payments on a loan,
bond or other investment may accelerate when interest rates fall or
decelerate when interest rates rise which may reduce investment
opportunities and potential returns. A rise in interest rates may
result in a price decline of fixed-income instruments held by the fund,
negatively impacting its performance and NAV. Falling rates may result
in the fund investing in lower yielding debt instruments, lowering the
fund's income and yield. These risks may be heightened for longer
maturity and duration securities. Non-investment-grade
(high-yield or junk) securities present greater price volatility and
more risk to principal and income than higher rated securities. The fund
is passively managed and seeks to track the performance of an
index. The fund's use of a "representative sampling" approach in
seeking to track the performance of its index (investing in only some of
the components of the index that collectively are believed to have an
investment profile similar to that of the index) may not allow the fund
to track its index with the same degree of accuracy as would an
investment vehicle replicating the entire Index. The fund may not sell a
poorly performing security unless it was removed from the index.
There is no guarantee that the index and, correspondingly, the fund will
achieve positive returns. Risk exists that the index provider may not
follow its methodology for index construction. Errors may result
in a negative fund performance. The fund's net asset value will
generally decline when the market value of its targeted index declines.
Although the fund's shares are listed on an exchange, there can
be no assurance that an active, liquid or otherwise orderly trading
market for shares will be established or maintained. The fund's portfolio
turnover
, as it seeks to track its index, may cause an adverse
expense impact, decreasing the fund's returns relative to the index,
which does not bear transactions expenses. There may be additional portfolio
turnover risk
as active market trading of the fund's shares may
cause more frequent creation or redemption activities that could, in
certain circumstances, including if creation and redemptions units are
not affected on an in-kind basis, increase the number of portfolio
transactions as well as tracking error to the index and as high levels
of transactions increase brokerage and other transaction costs and may
result in increased taxable capital gains. Market or other (e.g.,
interest rate) environments may adversely affect the liquidity of
fund investments, negatively impacting their price. Generally, the less
liquid the market at the time the fund sells a holding, the greater the
risk of loss or decline of value to the fund.

Columbia Multi-Sector Municipal Income ETF is newly organized and does
not have an operating history. There is no guarantee that the investment
objectives will be achieved or that return expectations will be met.

Shares of MUST and DIAL are not individually redeemable. Investors
buy and sell shares on a secondary market. Only market makers or
"authorized participants" may trade directly with the Fund(s), typically
in blocks of 50,000 shares.

Shares are not FDIC insured, may lose value and have no bank
guarantee.

BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and
its affiliates (collectively "Bloomberg"). BARCLAYS® is a trademark and
service mark of Barclays Bank Plc (collectively with its affiliates,
"Barclays"), used under license. Bloomberg or Bloomberg's licensors,
including Barclays, own all proprietary rights in the Bloomberg Barclays
Indices. Neither Bloomberg nor Barclays are affiliated with Columbia
Management Investment Advisers, LLC, and neither approves, endorses,
reviews or recommends the Columbia Multi-Sector Municipal Income ETF.
Neither Bloomberg nor Barclays guarantees the timeliness, accurateness
or completeness of any data or information relating to Beta Advantage®
Multi-Sector Municipal Bond Index, and neither shall be liable in any
way to the Columbia Multi-Sector Municipal Income ETF, investors in
Columbia Multi-Sector Municipal Income ETF or other third parties in
respect of the use or accuracy of the Beta Advantage® Multi-Sector
Municipal Bond Index or any data included therein.

Columbia Multi-Sector Municipal Income ETF and Columbia Diversified
Fixed Income ETF are distributed by ALPS Distributors, Inc.,
member FINRA, and managed by Columbia Management Investment Advisers,
LLC. (CMIA). ALPS is not affiliated with CMIA. The Columbia mutual funds
are distributed by Columbia Management Investment Distributors, Inc.,
member FINRA, and managed by CMIA.

Investment products are not federally or FDIC-insured, deposits or
obligations of or guaranteed by any financial institution and involve
risks, including possible loss of principal and fluctuation in value.

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