Supplement dated May 1, 2010
to the Statement of Additional Information, dated May 1, 2010
for
Tri-Continental Corporation
(the Corporation)
On May 1, 2010, Ameriprise Financial, Inc. (Ameriprise Financial), the parent
company of RiverSource Investments, LLC, the Corporation's investment manager,
announced the closing of its acquisition of the long-term asset management
business of Columbia Management Group, LLC and certain of its affiliated
companies from Bank of America (the Columbia Transaction).
In connection with the Columbia Transaction, effective May 1, 2010, the
Corporation's investment manager and transfer agent will change their names to
reflect the new, combined business:
NEW COMPANY NAME FORMER NAME/SERVICE PROVIDER SERVICES
--------------------------------------------- ------------------------------- ------------------------------
Columbia Management Investment Advisers, LLC RiverSource Investments, LLC Investment Management Services
Columbia Management Investment Services Corp. RiverSource Service Corporation Transfer Agent Services
The chart entitled "Board Member Affiliated with RiverSource Investments," is
revised as follows:
BOARD MEMBER AFFILIATED WITH COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC*
POSITION WITH
CORPORATION AND PRINCIPAL OCCUPATION
NAME, ADDRESS, AGE LENGTH OF TIME SERVED DURING LAST FIVE YEARS OTHER DIRECTORSHIPS COMMITTEE MEMBERSHIPS
-------------------------- --------------------- ----------------------------- ------------------- ---------------------
William F. Truscott Board member and Chairman of the Board, RiverSource, None
53600 Ameriprise Financial Vice President since Columbia Management Seligman and
Center 11/7/08 Investment Advisers, LLC Threadneedle funds
Minneapolis, MN 55474 (formerly RiverSource
Age 49 Investments, LLC) since May
2010 (previously President,
Chairman of the Board and
Chief Investment Officer,
2001-April 2010); Chief
Executive Officer, U.S. Asset
Management & President,
Annuities, Ameriprise
Financial, Inc. since May
2010 (previously President -
U.S. Asset Management and
Chief Investment Officer,
2005-April 2010 and Senior
Vice President - Chief
Investment Officer,
2001-2005); Director,
President and Chief Executive
Officer, Ameriprise
Certificate Company since
2006; Director, Columbia
Management Investment
Distributors, Inc. (formerly
RiverSource Fund
Distributors, Inc.) since May
2010 (previously Chairman of
the Board and Chief Executive
Officer, 2008-April 2010;
Chairman of the Board and
Chief Executive Officer,
RiverSource Distributors,
Inc. since 2006; former Chief
Investment Officer and
Managing Director, Zurich
Scudder Investments
* Interested person by reason of being an officer, director, security holder
and/or employee of Columbia Management Investment Advisers, LLC and
Ameriprise Financial.
The chart entitled "Fund Officers," is revised as follows:
FUND OFFICERS
POSITION WITH
CORPORATION AND LENGTH OF
NAME, ADDRESS, AGE TIME SERVED* PRINCIPAL OCCUPATION DURING LAST FIVE YEARS
-------------------------------- ------------------------- -------------------------------------------------------------
J. Kevin Connaughton President since 5/1/10 Senior Vice President and General Manager - Mutual Fund
One Financial Center Products, Columbia Management Investment Advisers, LLC since
Boston, MA 02111 May 2010; Managing Director of Columbia Management Advisors,
Age 46 LLC, December 2004 - April 2010; Senior Vice President and
Chief Financial Officer, Columbia Funds, June 2008 - January
2009; Treasurer, Columbia Funds, October 2003 - May 2008;
Treasurer, the Liberty Funds, Stein Roe Funds and Liberty
All-Star Funds, December 2000 - December 2006; Senior Vice
President -- Columbia Management Advisors, LLC, April 2003 -
December 2004; President, Columbia Funds, Liberty Funds and
Stein Roe Funds, February 2004 - October 2004
Amy K. Johnson Vice President since Senior Vice President and Chief Operating Officer, Columbia
172 Ameriprise Financial Center 11/7/08 Management Investment Advisers, LLC (formerly RiverSource
Minneapolis, MN 55474 Investments, LLC) since May 2010 (previously Chief
Age 44 Administrative Officer, 2009 - April 2010 and Vice President
- Asset Management and Trust Company Services, 2006-2009 and
Vice President - Operations and Compliance, 2004-2006);
Director of Product Development - Mutual Funds, Ameriprise
Financial, Inc., 2001-2004
Jeffrey P. Fox Treasurer since 6/11/09 Vice President, Columbia Management Investment Advisers, LLC
105 Ameriprise Financial Center (formerly RiverSource Investments, LLC) since May 2010; Chief
Minneapolis, MN 55474 Financial Officer, Columbia Management Investment
Age 54 Distributors, Inc. (formerly RiverSource Fund Distributors,
Inc.) since 2008; Vice President - Investment Accounting,
Ameriprise Financial, Inc. since 2002; Chief Financial
Officer, RiverSource Distributors, Inc. since 2006
Scott R. Plummer Vice President, General Chief Legal Officer and Assistant Secretary, Columbia
5228 Ameriprise Financial Center Counsel and Secretary Management Investment Advisers, LLC (formerly RiverSource
Minneapolis, MN 55474 since 11/7/08 Investments, LLC) since June 2005; Vice President and Lead
Age 50 Chief Counsel - Asset Management, Ameriprise Financial, Inc.
since May 2010 (previously Vice President and Chief Counsel -
Asset Management, 2005-April 2010 and Vice President - Asset
Management Compliance, 2004-2005); Vice President, Chief
Counsel and Assistant Secretary, Columbia Management
Investment Distributors, Inc. (formerly RiverSource Fund
Distributors, Inc.) since 2008; Vice President, General
Counsel and Secretary, Ameriprise Certificate Company since
2005; Chief Counsel, RiverSource Distributors, Inc. since
2006; Senior Vice President and Chief Compliance Officer,
USBancorp Asset Management, 2002-2004
Mike Jones Vice President since Director and President, Columbia Management Investment
100 Federal Street 5/1/10 Advisers, LLC since May 2010; President and Director,
Boston, MN 02110 Columbia Management Investment Distributors, Inc. since May
Age 51 2010; Manager, Chairman, Chief Executive Officer and
President, Columbia Management Advisors, LLC, 2007 - April
2010; Chief Executive Officer, President and Director,
Columbia Management Distributors, Inc., 2006 - April 2010;
former Co-President and Senior Managing Director, Robeco
Investment Management
FUND OFFICERS
POSITION WITH
CORPORATION AND LENGTH OF
NAME, ADDRESS, AGE TIME SERVED* PRINCIPAL OCCUPATION DURING LAST FIVE YEARS
-------------------------------- ------------------------- -------------------------------------------------------------
Colin Moore Vice President since Director and Chief Investment Officer, Columbia Management
One Financial Center 5/1/10 Investment Advisers, LLC since May 2010; Manager, Managing
Boston, MA 02111 Director and Chief Investment Officer, Columbia Management
Age 52 Advisors, LLC, 2007- April 2010; Head of Equities, Columbia
Management Advisors, LLC, 2002-Sept. 2007
Linda Wondrack Chief Compliance Officer Vice President and Chief Compliance Officer, Columbia
One Financial Center since 5/1/10 Management Investment Advisers, LLC since May 2010; Director
Boston, MA 02111 (Columbia Management Group, LLC and Investment Product Group
Age 46 Compliance), Bank of America, June 2005 - April 2010;
Director of Corporate Compliance and Conflicts Officer, MFS
Investment Management (investment management), August 2004 -
May 2005
Neysa M. Alecu Money Laundering Vice President - Compliance, Ameriprise Financial, Inc. since
2934 Ameriprise Financial Center Prevention Officer and 2008; Anti-Money Laundering Officer and Identity Theft
Minneapolis, MN 55474 Identity Theft Prevention Prevention Officer, Columbia Management Investment
Age 46 Officer since 11/7/08 Distributors, Inc. (formerly RiverSource Fund Distributors,
Inc.) since 2008; Anti-Money Laundering Officer, Ameriprise
Financial, Inc. since 2005; Compliance Director, Ameriprise
Financial, Inc., 2004-2008
* All officers are elected annually by the Board of Directors and serve until
their successors are elected and qualify or their earlier resignation.