-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Do0DJA3EuMt3uvvx74l5Zfw1ZQpZz5B8WBtjT470kw3QzfPikoIPXMOFDVtSlkkV ccyIvXck43jF/WbdaD7Jrg== 0001169232-04-005223.txt : 20041019 0001169232-04-005223.hdr.sgml : 20041019 20041019125408 ACCESSION NUMBER: 0001169232-04-005223 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041019 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041019 DATE AS OF CHANGE: 20041019 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRI-CONTINENTAL CORP CENTRAL INDEX KEY: 0000099614 IRS NUMBER: 135441850 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 811-00266 FILM NUMBER: 041084768 BUSINESS ADDRESS: STREET 1: 100 PARK AVENUE, STREET 2: 8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2128501864 MAIL ADDRESS: STREET 1: 100 PARK AVENUE STREET 2: 8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: TRI CONTINENTAL CORP DATE OF NAME CHANGE: 19920703 8-K 1 d60943_8-k.txt FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 19, 2004 TRI-CONTINENTAL CORPORATION (Exact name of Registrant as specified in its charter) Maryland 811-266 13-5441850 (State or other jurisdiction of (Commission File Number) (I.R.S. Employer incorporation) Identification No.) 100 Park Avenue, New York, New York 10017 (Address of principal executive offices, zip code) Registrant's telephone number, including area code (212) 850-1864 Not Applicable (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule13e-4(c) under the Exchange Act (17CFR 240.13e-4(c)) SECTION 7 - REGULATION FD DISCLOSURE Item 7.01 Regulation FD Disclosure. Registrant is furnishing as Exhibit 99.1 the attached Fund Fact Sheet as of September 30, 2004 for Tri-Continental Corporation. SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS Item 9.01 Financial Statements and Exhibits. Exhibit 99.1 - Fund Fact Sheet as of September 30, 2004 for Tri-Continental Corporation. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TRI-CONTINENTAL CORPORATION Date: October 19, 2004 By: /s/ Lawrence P. Vogel ------------------------------------ Lawrence P. Vogel Treasurer EX-99.1 3 d60943_ex99-1.txt FUND FACT SHEET Exhibit 99.1 | Tri-Continental Corporation | FACT SHEET as of 9/30/04 an investment you can live with | ================================================================================ NYSE Symbol: TY www.tricontinental.com - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- PORTFOLIO MANAGEMENT - -------------------------------------------------------------------------------- Portfolio Manager: John B. Cunningham Investment Team: Seligman Core Investment Team - -------------------------------------------------------------------------------- FUND OBJECTIVE - -------------------------------------------------------------------------------- Tri-Continental Corporation invests to produce future growth of both capital and income, while providing reasonable current income. - -------------------------------------------------------------------------------- PORTFOLIO COMPOSITION - -------------------------------------------------------------------------------- The equity portfolio is widely diversified, covering 42 different industries and 103 issues, with not one holding representing more than 3.9% of the portfolio. Common Stocks .......................................................... 96.3% Other Investments ...................................................... 0.2 Cash and Cash Equivalents .............................................. 2.6 Other Assets Less Liabilities .......................................... 0.9 - -------------------------------------------------------------------------------- TOP EQUITY HOLDINGS - -------------------------------------------------------------------------------- General Electric ........................................................ 3.9% Microsoft ............................................................... 3.2 Exxon Mobil ............................................................. 3.2 Citigroup ............................................................... 2.7 Pfizer .................................................................. 2.5 American International Group ............................................ 2.1 Altria Group ............................................................ 2.0 International Business Machines ......................................... 1.8 Wal-Mart Stores ......................................................... 1.8 Novartis AG ............................................................. 1.7 - -------------------------------------------------------------------------------- PER SHARE CHARACTERISTICS - -------------------------------------------------------------------------------- Net Asset Value $19.95 Market Price $16.61 Premium/(Discount) (16.74)% Accumulated Realized Capital Loss ($5.44) Net Unrealized Capital Gain $1.34 - -------------------------------------------------------------------------------- PORTFOLIO CHARACTERISTICS(1) - -------------------------------------------------------------------------------- Median Market Cap $60.75 billion Weighted Average Price/Earnings Ratio (2004)(2) 17.6 Weighted Average Price/Book Ratio (2004)(3) 2.7x Net Investment Assets $2.32 billion - -------------------------------------------------------------------------------- HOLDINGS BY SECTOR - -------------------------------------------------------------------------------- Tri-Continental Corporation S&P 500 Consumer Discretionary 9.68% 11.07% Consumer Staples 9.99 10.67 Energy 8.66 7.39 Financials 19.19 20.62 Health Care 11.72 13.14 Industrials 12.23 11.66 Information Technology 16.24 15.73 Materials 3.35 3.13 Telecommunication Services 4.26 3.70 Utilities 0.96 2.89 Unassigned 0.26 -- Cash 3.47 -- - -------------------------------------------------------------------------------- INVESTMENT RESULTS - -------------------------------------------------------------------------------- Total returns for the periods ended September 30, 2004
Average Annual ------------------------------------- One Month* Year-to-Date* One Year Five Years 10 Years Net Asset Value 0.91% 2.73% 14.93% (3.05)% 8.11% Market Price 1.21 2.01 12.10 (4.01) 7.97 S&P 500 1.08 1.51 13.86 (1.31) 11.08 Lipper Closed-End Growth & Income Funds Average 1.17 3.92 15.62 3.16 9.13
* Not annualized. - -------------------------------------------------------------------------------- IMPORTANT PERFORMANCE INFORMATION - -------------------------------------------------------------------------------- Performance data quoted herein represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data quoted. Total returns for the Fund as of the most recent month-end will be made available at www.tricontinental.com by the seventh business day following that month-end. The Net Asset Value and Market Price investment results assume the reinvestment of all distributions. The Lipper Closed-End Growth & Income Funds Average and the S&P 500 are an unmanaged average and benchmark, respectively, that assume the reinvestment of all distributions. The S&P 500 excludes the effect of fees. Investors cannot invest directly in an average or index. The Corporation is actively managed, and its holdings are subject to change. Holdings and Portfolio Composition are shown as a percentage of net assets. (1) Calculations are based upon information provided by FactSet as of 9/30/04 for the securities held in the Corporation. (2) Price/Earnings Ratio is the "multiple" of earnings at which a stock sells, determined by dividing current stock price by estimated earnings per share, adjusted for stock splits. A higher "multiple" indicates investors have greater expectations for future growth. The weighted average is the mean of the price/earnings ratios of all securities held in Tri-Continental's portfolio, weighted by the percent of equity. (3) Price/Book Ratio is the comparison of a stock's market value to the value of total assets less total liabilities (book value), determined by dividing current stock price by common stockholder equity per share, adjusted for stock splits. The weighted average is the mean of the price/book ratios of all securities held in Tri-Continental's portfolio, weighted by the percent of equity. - -------------------------------------------------------------------------------- NOT FDIC INSURED o NOT BANK GUARANTEED o MAY LOSE VALUE - -------------------------------------------------------------------------------- | Tri-Continental Corporation | FACT SHEET as of 9/30/04 an investment you can live with | ================================================================================ NYSE Symbol: TY www.tricontinental.com - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- YEAR-BY-YEAR ANNUAL TOTAL RETURNS - -------------------------------------------------------------------------------- [THE FOLLOWING TABLE IS DEPICTED AS A BAR CHART IN THE PRINTED MATERIAL] Net Asset Value Market Value 1995 28.0 30.8 1996 22.0 21.4 1997 27.9 26.6 1998 26.2 25.8 1999 12.6 10.7 2000 -11.6 -8.3 2001 -5.2 -10.2 2002 -28.2 -26.4 2003 25.2 25.8 Year-to-date (9/30/04) 2.7 2.0 See Important Performance Information on page 1 of this fact sheet. - -------------------------------------------------------------------------------- FOR MORE INFORMATION - -------------------------------------------------------------------------------- You should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. A prospectus containing information about the Fund (including its investment objectives, risks, charges, expenses, and other information about the Fund) may be obtained by calling 800-TRI-1092. The prospectus should be read carefully before investing in the Fund. - -------------------------------------------------------------------------------- A WORD ABOUT RISK - -------------------------------------------------------------------------------- The net asset value of shares may not always correspond to the market price of such shares. Shares of many closed-end funds frequently trade at a discount from their net asset value. Tri-Continental Corporation is subject to stock market risk, which is the risk that stock prices overall will decline over short or long periods, adversely affecting the value of an investment in the Fund. - -------------------------------------------------------------------------------- NOT FDIC INSURED o NOT BANK GUARANTEED o MAY LOSE VALUE - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CETRI8 9/04 - -------------------------------------------------------------------------------- -----END PRIVACY-ENHANCED MESSAGE-----