Seligman Select Municipal Fund, Inc. and Seligman Quality Municipal Fund, Inc. Announce Dividend Information
October 23 2006 - 1:55PM
Business Wire
Seligman Select Municipal Fund, Inc. (NYSE: SEL) announced that it
currently estimates that 3.9% of the monthly distributions paid to
common stockholders in 2006 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 4.1% of the monthly distributions paid to common
stockholders in 2006 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. Seligman Quality Municipal
Fund, Inc. and Seligman Select Municipal Fund, Inc. are managed by
J. & W. Seligman & Co. Incorporated, a New York-based
investment manager and advisor, which was founded in 1864. Seligman
Advisors, Inc. is the principal underwriter of the Seligman mutual
funds. Seligman Services, Inc. provides client services to
shareholders. Seligman Advisors, Inc. and Seligman Services, Inc.
are each an affiliate of J. & W. Seligman & Co.
Incorporated. You should consider the investment objectives, risks,
charges, and expenses of a Fund carefully before investing. You can
obtain the Fund�s most recent annual, semi-annual and quarterly
reports by contacting your financial advisor or Seligman Services,
Inc. at 800-597-6068. These reports and other information are also
available on the Securities and Exchange Commission�s EDGAR
Database. Seligman Select Municipal Fund, Inc. (NYSE: SEL)
announced that it currently estimates that 3.9% of the monthly
distributions paid to common stockholders in 2006 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 4.1% of the monthly distributions
paid to common stockholders in 2006 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. Seligman Quality
Municipal Fund, Inc. and Seligman Select Municipal Fund, Inc. are
managed by J. & W. Seligman & Co. Incorporated, a New
York-based investment manager and advisor, which was founded in
1864. Seligman Advisors, Inc. is the principal underwriter of the
Seligman mutual funds. Seligman Services, Inc. provides client
services to shareholders. Seligman Advisors, Inc. and Seligman
Services, Inc. are each an affiliate of J. & W. Seligman &
Co. Incorporated. You should consider the investment objectives,
risks, charges, and expenses of a Fund carefully before investing.
You can obtain the Fund's most recent annual, semi-annual and
quarterly reports by contacting your financial advisor or Seligman
Services, Inc. at 800-597-6068. These reports and other information
are also available on the Securities and Exchange Commission's
EDGAR Database.
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