Supplement dated June 15, 2021
to the Prospectus and Statement of Additional
Information (SAI), each dated May 1, 2021
for
Tri-Continental Corporation (the Fund)
Information about
the portfolio managers primarily responsible for overseeing the Fund’s investments is shown below. The SAI provides additional information about the portfolio managers, including information relating to compensation, other accounts managed by
the portfolio managers, and ownership by the portfolio managers of Fund shares.
Portfolio
Manager
|
|
Title
|
|
Role
with Fund
|
|
Managed
Fund Since
|
David
King, CFA
|
|
Senior
Portfolio Manager
|
|
Co-Portfolio
Manager
|
|
2011
|
Yan
Jin
|
|
Senior
Portfolio Manager
|
|
Co-Portfolio
Manager
|
|
2012
|
Peter
Albanese
|
|
Senior
Portfolio Manager
|
|
Co-Portfolio
Manager
|
|
2014
|
Raghavendran
Sivaraman, Ph.D., CFA
|
|
Senior
Portfolio Manager
|
|
Co-Portfolio
Manager
|
|
April 2020
|
Grace
Lee, CAIA
|
|
Portfolio
Manager
|
|
Co-Portfolio
Manager
|
|
October
2020
|
Oleg
Nusinzon, CFA
|
|
Senior
Portfolio Manager
|
|
Co-Portfolio
Manager
|
|
June
2021
|
Mr. King joined the Investment Manager in 2010. Mr. King began his investment career in 1983 and earned a B.S. from the University of New Hampshire and an M.B.A. from Harvard Business School.
Mr. Jin joined one of the
Columbia Management legacy firms or acquired business lines in 2002. Mr. Jin began his investment career in 1998 and earned a M.A. in economics from North Carolina State University.
Mr. Albanese joined the
Investment Manager in August 2014. Mr. Albanese began his investment career in 1991 and earned a B.S. from Stony Brook University and an M.B.A. from the Stern School of Business at New York University.
Dr. Sivaraman joined one of
the Columbia Management legacy firms or acquired business lines in 2007. Dr. Sivaraman began his investment career in 2007 and earned a B.Tech. in Computer Science Engineering from the Indian Institute of Technology, Madras and a Ph.D. in
Operations Research from the Massachusetts Institute of Technology.
Ms. Lee joined the Investment
Manager in 2014. Ms. Lee began her investment career in 1996 and earned a bachelor’s degree in political science and economics from Stanford University and an M.B.A. from Harvard Business School.
Mr. Nusinzon joined the
Investment Manager in October 2020. Prior to joining the Investment Manager, Mr. Nusinzon was a Director and a Lead Portfolio Manager at PanAgora Asset Management. Mr. Nusinzon began his investment career in 1997 and earned a B.S.E. from the
University of Pennsylvania and an M.B.A. from the Chicago Booth School of Business.
The rest of the section remains the same.
Effective immediately, the information under the subsection
“The Investment Manager – Portfolio Managers” in the “Investment Management and Other Services” section of the SAI is hereby superseded and replaced with the following:
|
|
Other
Accounts Managed (excluding the Fund)
|
|
Fund
|
Portfolio
Manager
|
Number
and Type
of Account*
|
Approximate
Total Net
Assets
|
Performance-
Based
Accounts**
|
Ownership
of Fund
Shares
|
Information
is as of December 31, 2020, unless otherwise noted
|
Tri-Continental
Corporation
|
David
L. King
|
5
RICs
6 other accounts
|
$7.09
billion
$2.84 million
|
None
|
Over
$1,000,000(a)
|
Yan
Jin
|
5
RICs
10 other accounts
|
$7.09
billion
$7.11 million
|
None
|
$100,001-$500,000
(a)
|
Peter
Albanese
|
6
RICs
1 PIV
59 other accounts
|
$10.56
billion
$31.96 million
$5.86 billion
|
1
other account ($290.33 million)
|
$100,001-$500,000
(a)
|
Raghavendran
Sivaraman
|
6
RICs
21 other accounts
|
$10.56
billion
$5.86 billion
|
1
other account ($290.33 million)
|
None
|
Grace
Lee
|
5
RICs
8 other accounts
|
$7.09
billion
$2.84 million
|
None
|
None
|
Oleg
Nusinzon(b)
|
7
other accounts
|
$0.97
million
|
None
|
None
|