TY Tri Continental Corp

The Board of Directors of Tri-Continental Corporation (NYSE: TY), today declared a third quarter dividend of $0.060 per common share and $0.625 per preferred share. Common share distributions will be paid on September 27, 2005, and preferred share distributions will be paid on October 3, 2005 to Stockholders of record September 20, 2005. The ex-dividend date for both the common and preferred shares is September 16, 2005. Tri-Continental Corporation is managed by J. & W. Seligman & Co. Incorporated, a New York-based investment manager and advisor, which was founded in 1864.