Seligman Select Municipal Fund, Inc. and Seligman Quality Municipal Fund, Inc. Announce Dividend Information
November 22 2006 - 9:52AM
PR Newswire (US)
NEW YORK, Nov. 22 /PRNewswire-FirstCall/ -- Seligman Select
Municipal Fund, Inc. (NYSE:SEL) announced that it currently
estimates that 4.2% 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
8.1% 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 (JWS), 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 managed by
JWS. Seligman Services, Inc. provides client services to
shareholders of Seligman Quality Municipal Fund, Inc. and Seligman
Select Municipal Fund, Inc. Seligman Advisors, Inc. and Seligman
Services, Inc. are wholly-owned subsidiaries of JWS. 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. DATASOURCE: J. & W.
Seligman & Co. Incorporated CONTACT: MEDIA: Mary Ann Susco,
+1-212-850-1382, , or SHAREHOLDERS: Marco Acosta, 1-800-597-6068
(Option #1),
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