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
SUP240_12_010_(06/21)

 

* RIC refers to a Registered Investment Company; PIV refers to a Pooled Investment Vehicle.
** Number and type of accounts for which the advisory fee paid is based in part or wholly on performance and the aggregate net assets in those accounts.
(a) Excludes any notional investments.
(b) The portfolio manager began managing the Fund after its last fiscal year end; reporting information is provided as of May 31, 2021.
The rest of the section remains the same.
Shareholders should retain this Supplement for future reference.
2
SUP240_12_010_(06/21)
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