Supplement dated May 3, 2011
to the Statement of Additional Information (SAI), dated May 1, 2011
for Tri-Continental Corporation
(the Corporation)
Effective May 3, 2011, the following changes are hereby made to the Corporation’s SAI.
The following hereby supersedes and replaces paragraph (8) under the section entitled “Additional
Investment Policies-Fundamental Policies” (the lead-in to paragraph (8) has been provided for your
reference):
The Corporation’s stated fundamental policies, which may not be changed without a vote of
stockholders, are listed below. Within the limits of these fundamental policies, the Manager has
reserved freedom of action. The Corporation:
| (8) |
|
may make money loans (subject to restrictions imposed by law and by charter) (a) only to
its subsidiaries, (b) as incidents to its business transactions or (c) for other purposes.
The Corporation will not lend securities if the total of all such loan would exceed
331/3% of the Corporation’s total assets except this fundamental
investment policy shall not prohibit the Corporation from purchasing money market securities,
loans, loan participation or other debt securities, or from entering into repurchase
agreements, and it may make loans represented by repurchase agreements, so long as such loans
do not exceed 10% of the value of total assets. |
The following hereby supersedes and replaces the first paragraph under the section entitled “Other
Policies and Risks-Lending of Portfolio Securities and its Risks”:
Lending of Portfolio Securities and its Risks. To generate income, the Corporation may lend up to
331/3% of the value of its total assets to broker-dealers, banks or other
institutional borrowers of securities subject to any applicable requirements of a national
securities exchange or of a governmental regulatory body. JPMorgan Chase Bank, N.A. serves as
lending agent (the Lending Agent) to the Corporation pursuant to a securities lending agreement
(the Securities Lending Agreement) approved by the Board.
The rest of these sections remain unchanged.
S-6500-40 A (5-11)