Seligman Select Municipal Fund, Inc. and Seligman Quality Municipal Fund, Inc. Announce Dividend Information
October 21 2005 - 8:29AM
Business Wire
Seligman Select Municipal Fund, Inc. (NYSE:SEL) announced that it
currently estimates that 2.9% of the monthly distributions paid to
common stockholders in 2005 will be in excess of the Fund's net
investment income (i.e., a return of capital), but under applicable
federal law, will be taxable as ordinary income. Seligman Quality
Municipal Fund, Inc. (NYSE:SQF) announced that it currently
estimates that 2.2% of the monthly distributions paid to common
stockholders in 2005 will be in excess of the Fund's net investment
income (i.e., a return of capital), but under applicable federal
law, will be taxable as ordinary income. In each case, the
remaining amount will be treated as "exempt interest" dividends for
federal income tax purposes. The actual portion of the
distributions that will be taxable will be provided to stockholders
with their year-end tax statements. J. & W. Seligman & Co.
Incorporated, a New York-based investment manager and advisor, was
founded in 1864. As well as providing management and advisory
services to institutional clients, the firm and its affiliates
provide individuals a broad array of investment options, including
the U.S.-based Seligman Group of Funds with more than 50
portfolios, a range of retirement services, and investment options
offered within North Carolina's National College Savings Program, a
529 program. Additionally, it manages Tri-Continental Corporation,
which is traded on the New York Stock Exchange, and a range of
offshore investments available exclusively for non-U.S. investors.
J. & W. Seligman & Co. Incorporated has an additional
office in Palo Alto, California.
Seligman Quality Municipal (NYSE:SQF)
Historical Stock Chart
From Sep 2024 to Oct 2024
Seligman Quality Municipal (NYSE:SQF)
Historical Stock Chart
From Oct 2023 to Oct 2024
Real-Time news about Seligman Quality Mun FD (New York Stock Exchange): 0 recent articles
More J. & W. Seligman & Co. Incorporated News Articles