TY Tri Continental Corp

The Board of Directors of Tri-Continental Corporation (NYSE:TY) declared a first quarter income dividend of $0.070 per common share and $0.625 per preferred share. Common share distributions will be paid on March 21, 2006, and preferred share distributions will be paid on April 3, 2006, to stockholders of record as of March 15, 2006. The ex-dividend date for both the common and preferred shares is March 13, 2006. Tri-Continental Corporation is managed by J. & W. Seligman & Co. Incorporated, a New York based investment manager and advisor, which was founded in 1864.