SCHEDULE 14A
(RULE 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
Filed by the Registrant |X|
Filed by a party other than the Registrant |_|
Check the appropriate box:
|_| Preliminary proxy statement.
|_| Definitive proxy statement.
|X| Definitive additional materials.
|_| Soliciting material under Rule 14a-12.
|_| Confidential, for use of the Commission only (as permitted by Rule
14a-6(e)(2)).
TRI-CONTINENTAL CORPORATION
(Name of Registrant as Specified in Its Charter)
--------------------------------------------------------------------------------
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of filing fee (check the appropriate box):
|X| No fee required.
|_| Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
(1) Title of each class of securities to which transaction applies:
(2) Aggregate number of securities to which transaction applies:
(3) Per unit price or other underlying value of transaction computed pursuant
to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is
calculated and state how it was determined):
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(5) Total fee paid:
|_| Fee paid previously with preliminary materials.
|_| Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the form or schedule and the date of its filing.
(1) Amount Previously Paid:
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Tri-Continental Corporation
an investment you can live with
September 18, 2006
Dear Valued Stockholder:
We have not yet received your vote for Tri-Continental Corporation's September
28th Special Meeting. Time is running out. Every vote counts. Please vote today.
We urge you to send a clear message to the hedge funds that you do not want them
to radically alter your investment. We believe their ultimate intention is to
open-end or liquidate Tri-Continental, despite their recent claims to the
contrary.
Tri-Continental's strong investment results continue. Total return, based on
market price, over the past three years exceeds 40%. Equally impressive,
Tri-Continental's year-to-date, one-, and three-year investment results on both
NAV and market price surpass the S&P 500.
Return Average Annual Returns Cumulative Return
Year-to-Date 1 Year 3 Years 3 Years
------------------------------------------------------------------------
Market Price 12.6% 14.7% 12.4% 41.8%
NAV 8.3 10.7 11.4 38.3
S&P 500 7.2 9.6 11.1 37.3
Based on total return as of Friday, September 15, 2006
Please take a minute to sign and date the enclosed WHITE proxy card and return
it in the postage paid envelope provided. If you would prefer to cast your vote
with a live person, please contact Georgeson, our proxy firm, at 888-219-8293.
Your vote is critical. We need your help, regardless of the number of shares
owned, to defeat these hedge funds and protect your investment. Please act
today.
Sincerely,
/s/ William C. Morris /s/ Brian T. Zino
William C. Morris Brian T. Zino
Chairman President
P.S. We anticipate capital gain payments will resume no later than next year.
With favorable market conditions, the remaining tax-loss carry-forward of only
$0.65 should be eliminated shortly.
Tri-Continental Corporation
an investment you can live with
September 18, 2006
Dear Valued Stockholder:
Have you voted Tri-Continental's WHITE proxy card? If you have, thank you. If
not, there is not much time left before Tri-Continental's September 28th Special
Meeting. Every vote counts. Please vote today.
We urge you to send a clear message to the hedge funds that you do not want them
to radically alter your investment. We believe their ultimate intention is to
open-end or liquidate Tri-Continental, despite their recent claims to the
contrary.
Tri-Continental's strong investment results continue. Total return, based on
market price, over the past three years exceeds 40%. Equally impressive,
Tri-Continental's year-to-date, one-, and three-year investment results on both
NAV and market price surpass the S&P 500.
Return Average Annual Returns Cumulative Return
Year-to-Date 1 Year 3 Years 3 Years
------------------------------------------------------------------------
Market Price 12.6% 14.7% 12.4% 41.8%
NAV 8.3 10.7 11.4 38.3
S&P 500 7.2 9.6 11.1 37.3
Based on total return as of Friday, September 15, 2006
Please take a minute to sign and date the enclosed WHITE proxy card and return
it in the postage paid envelope provided. If you would prefer to cast your vote
with a live person, please contact Georgeson, our proxy firm, at 888-219-8293.
Your vote is critical. We need your help, regardless of the number of shares
owned, to defeat these hedge funds and protect your investment. Please act
today.
Sincerely,
/s/ William C. Morris /s/ Brian T. Zino
William C. Morris Brian T. Zino
Chairman President
P.S. We anticipate capital gain payments will resume no later than next year.
With favorable market conditions, the remaining tax-loss carry-forward of only
$0.65 should be eliminated shortly.