Seligman Quality Municipal Fund, Inc. Board Approves Suspension of Monthly Dividends on Common Stock
January 04 2007 - 4:46PM
Business Wire
Seligman Quality Municipal Fund, Inc. (NYSE: SQF) (the �Fund�)
announced today that its Board of Directors has approved the
suspension of payment of monthly dividends on the Fund�s Common
Stock. The suspension was approved following the Board�s approval
in December 2006 of a plan of complete liquidation and dissolution
for the Fund. The Board of Directors has called a special meeting
of stockholders to be held on February 15, 2007 to consider the
proposal to liquidate the Fund. If the proposal is approved, a
special dividend of tax-exempt income may be paid as part of the
liquidation payments expected to be made to holders of the Fund�s
Common Stock, depending on whether sufficient tax-exempt income is
available after provision for the expenses of the liquidation.
Seligman Quality Municipal Fund, Inc. is managed by J. & W.
Seligman & Co. Incorporated, a New York-based investment
manager and advisor, which was founded in 1864. 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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