Tri-Continental Corporation Announces New Director and Record and Meeting Dates for 90th Annual Meeting of Stockholders
December 12 2019 - 1:48PM
Business Wire
The Board of Directors (the Board) of Tri-Continental
Corporation (the Corporation) (NYSE: TY) today held a meeting at
which its members considered and, thereafter, unanimously appointed
Brian J. Gallagher to the Corporation’s Board. His service with the
Board will commence on January 1, 2020, for a term expiring at the
2023 annual meeting of stockholders. Mr. Gallagher currently serves
on the board of trustees of certain of the mutual funds within the
Columbia Funds Complex (the Columbia Funds Board) and, effective
January 1, 2020, on the board of another Columbia closed-end fund.
Biographical information for Mr. Gallagher is included below.
Effective December 31, 2019, Mr. Edward J. Boudreau, Jr., the
Board’s current chairman is retiring from the Corporation’s and the
other closed-end fund’s Board, as well as from the Columbia Funds
Board, on which he also currently serves as chairman. Ms. Catherine
James Paglia, who currently serves as a director on the Board, will
take over as the chairman of the Board upon Mr. Boudreau’s
retirement.
In addition to his duties as a director, Mr. Gallagher will also
serve on the Board’s Audit Committee, Contracts Committee,
Executive Committee, and Investment Review Committee.
The Board also announced today that the Corporation’s 90th
annual meeting of stockholders will be held on April 21, 2020 (the
Annual Meeting), and the close of business on March 3, 2020 has
been fixed by the Board as the record date for the determination of
stockholders entitled to notice of, and to vote at, the Annual
Meeting or any postponement or adjournment thereof. Further details
relating to the Annual Meeting, including proposals, as well as
additional details of the Annual Meeting place and time, will be
described in a notice of Annual Meeting and proxy statement that
the Corporation intends to file with the Securities and Exchange
Commission.
Brian J. Gallagher – Mr. Gallagher has 40 years of experience in
the financial services industry, including 30 years of service as
an audit partner in the financial services practice at Deloitte
& Touche LLP. During his tenure at Deloitte, Mr. Gallagher
served as the Industry Professional Practice Director for the
Investment Management Audit Practice, and oversaw the development
of the firm’s audit approach for clients in the industry, consulted
on technical issues, and interacted with standard setters and
regulators. He also has experience on boards of directors of
non-profit organizations.
The Corporation is managed by Columbia Management Investment
Advisers, LLC. This material is distributed by Columbia Management
Investment Distributors, Inc., member FINRA.
Investors should consider the investment objectives, risks,
charges, and expenses of the Corporation carefully before
investing. A prospectus containing information about the
Corporation (including its investment objectives, risks, charges,
expenses, and other information about the Corporation) may be
obtained by contacting your financial advisor or visiting
www.columbiathreadneedleus.com. The prospectus should be read
carefully before investing in the Corporation. For more
information, please call 1-800-345-6611 or visit
columbiathreadneedleus.com.
Investment products are not federally or FDIC-insured, are not
deposits or obligations of, or guaranteed by any financial
institution, and involve investment risks including possible loss
of principal and fluctuation in value.
© 2019 Columbia Management Investment Advisers, LLC. All rights
reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20191212005765/en/
Stockholder contact: Kevin Howley 617-385-9517
kevin.howley@columbiathreadneedle.com
Media contact: Elizabeth Kennedy 617-897-9394
liz.kennedy@ampf.com
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