Supplement dated September 19, 2016
to the Prospectus and Statement of Additional Information
(SAI), each as supplemented, if applicable, of the following
Fund:
| Fund
|
Prospectus
& SAI Dated |
| Tri-Continental
Corporation |
5/1/2016
|
Effective immediately, the first
paragraph in the "Computation of Net Asset value" section of the Prospectus is hereby superseded and replaced with the following:
The Fund calculates the net asset value (NAV) per share of the
Common Stock at the end of each business day. A business day is any day that the New York Stock Exchange (NYSE) is open. A business day typically ends at the close of regular trading on the NYSE, usually at 4:00 p.m. Eastern time. If the NYSE is
scheduled to close early, the business day will be considered to end as of the time of the NYSE’s scheduled close. The Fund will not treat an intraday unscheduled disruption in NYSE trading or an intraday unscheduled closing as a close of
regular trading on the NYSE for these purposes and will price its shares as of the regularly scheduled closing time for that day (typically, 4:00 p.m. Eastern time). Notwithstanding the foregoing, the NAV of Fund shares may be determined at such
other time or times (in addition to or in lieu of the time set forth above) as the Fund’s Board may approve or ratify. On holidays and other days when the NYSE is closed, the Fund's NAV is not calculated and the Fund does not accept buy or
sell orders. However, the value of the Fund's assets may still be affected on such days to the extent that the Fund holds foreign securities that trade on days that foreign securities markets are open.
The rest of the section remains the same.
Effective immediately, the definition for the term Business
Day under the heading "Glossary" in the "SAI Primer" section of the SAI is hereby superseded and replaced with the following:
Any day on which the NYSE is open for business. A business
day typically ends at the close of regular trading on the NYSE, usually at 4:00 p.m. Eastern time. If the NYSE is scheduled to close early, the business day will be considered to end as of the time of the NYSE’s scheduled close. The Fund will
not treat an intraday unscheduled disruption in NYSE trading or an intraday unscheduled closing as a close of regular trading on the NYSE for these purposes and will price its shares as of the regularly scheduled closing time for that day
(typically, 4:00 p.m. Eastern time). Notwithstanding the foregoing, the NAV of Fund shares may be determined at such other time or times (in addition to or in lieu of the time set forth above) as the Fund’s Board may approve or ratify.
On holidays and other days when the NYSE is closed, the Fund's NAV is not calculated and the Fund does not accept buy or sell orders. However, the value of the Fund's assets may still be affected on such days to the extent that the Fund holds
foreign securities that trade on days that foreign securities markets are open.
The rest of the section remains the same.
Shareholders should retain this Supplement for future
reference.