| Supplement dated January 2, 2014 to the Statement of Additional Information (SAI) for the following: | ||
| Fund | SAI Dated | |
| Tri-Continental Corporation |
May 1, 2013 | |
Effective January 1, 2014, the information under the caption “Directors” in the “Directors and Officers – Board Members and Officers” section of the SAI is superseded and replaced with the following:
DIRECTORS
Independent Directors
| Name, address, year of birth |
Position held with Funds and length of service |
Principal occupation during past five years |
Number of funds in the Fund Family Board member |
Other present or past directorships/trusteeships (within past 5 years) |
Committee memberships | |||||
| Kathleen Blatz 901 S. Marquette Ave. Minneapolis, MN 55402 1954 | Board member since 1/06 for RiverSource Funds and since 6/11 for Nations Funds | Attorney; Chief Justice, Minnesota Supreme Court, 1998-2006 | 131 | Director, BlueCross BlueShield of Minnesota since 2009 | Board Governance, Compliance, Contracts, Investment Review | |||||
| Pamela G. Carlton 901 S. Marquette Ave. Minneapolis, MN 55402 1954 |
Board member since 7/07 for RiverSource Funds and since 6/11 for Nations Funds | President, Springboard-Partners in Cross Cultural Leadership (consulting company) since 2003 | 131 | None | Audit, Investment Review | |||||
| William P. Carmichael 901 S. Marquette Ave. Minneapolis, MN 55402 1943 |
Chair of the Board since 1/14, Board member since 6/11 for RiverSource Funds and since 2003 for Nations Funds | Retired | 131 | Director, Cobra Electronics Corporation (electronic equipment manufacturer); The Finish Line (athletic shoes and apparel) since July 2003; Director, International Textile Corp. since 2013; former Director, McMoRan Exploration Company (oil and gas exploration and development) 2010-2013; former Trustee, BofA Funds Series Trust (11 funds); former Director, Spectrum Brands, Inc. (consumer products); former Director, Simmons Company (bedding) | Board Governance, Compliance, Contracts, Executive, Investment Review | |||||
| Patricia M. Flynn 901 S. Marquette Ave. Minneapolis, MN 55402 1950 |
Board member since 11/04 for RiverSource Funds and since 6/11 for Nations Funds | Trustee Professor of Economics and Management, Bentley University since 1976 | 131 | None | Audit, Compliance Investment Review |
| Name, address, year of birth |
Position held with Funds and length of service |
Principal occupation during past five years |
Number of funds in the Fund Family Board member |
Other present or past directorships/trusteeships (within past 5 years) |
Committee memberships | |||||
| Stephen R. Lewis, Jr. 901 S. Marquette Ave. Minneapolis, MN 55402 1939 |
Board member for RiverSource Funds since 1/02 and since 6/11 for Nations Funds, Board Chair 1/07-12/13 | President Emeritus and Professor of Economics Emeritus, Carleton College since 2002 | 131 | Director, Valmont Industries, Inc. (irrigation systems manufacturer) since 2002 | Board Governance, Compliance, Contracts, Executive, Investment Review | |||||
| Catherine James Paglia 901 S. Marquette Ave. Minneapolis, MN 55402 1952 | Board member since 11/04 for RiverSource Funds and since 6/11 for Nations Funds | Director, Enterprise Asset Management, Inc. (private real estate and asset management company) | 131 | Director, Valmont Industries, Inc. (irrigation systems manufacturer) since 2012 | Board Governance, Contracts, Executive, Investment Review | |||||
| Leroy C. Richie 901 S. Marquette Ave. Minneapolis, MN 55402 1941 | Board member since 2000 for Legacy Seligman Funds, since 11/08 for RiverSource Funds and since 6/11 for Nations Funds | Counsel, Lewis & Munday, P.C. (law firm) since 2004; Vice President and General Counsel, Automotive Legal Affairs, Chrysler Corporation, 1993-1997 | 131 | Lead Outside Director, Digital Ally, Inc. (digital imaging) since September 2005; Director, Infinity, Inc. (oil and gas exploration and production) since 1994; Director, OGE Energy Corp. (energy and energy services) since November 2007 | Contracts, Compliance, Investment Review | |||||
| Alison Taunton-Rigby 901 S. Marquette Ave. Minneapolis, MN 55402 1944 | Board member since 11/02 for RiverSource Funds and since 6/11 for Nations Funds |
Chief Executive Officer and Director, RiboNovix, Inc., (biotechnology) 2003-2010 | 131 | Director, Healthways, Inc. (health and well-being improvement) since 2005; Director, ICI Mutual Insurance Company, RRG since 2011; Director, Abt Associates (government contractor) since 2001; Director, Boston Children’s Hospital since 2002 | Audit, Investment Review |
Interested Director*
| Name, address, year of birth |
Position held with funds and length of service |
Principal occupation during past five years |
Number of funds in the Fund Family Board member |
Other present or past directorships/ (within past 5 years) |
Committee memberships | |||||
| William F. Truscott 53600 Ameriprise Financial Center Minneapolis, MN 55474 1960 | Board member since 11/01 for RiverSource Funds and since 6/11 for Nations Funds; Senior Vice President since 2002 for RiverSource Funds and since 5/10 for Nations Funds |
Chairman of the Board and President, Columbia Management Investment Advisers, LLC since May 2010 and February 2012, respectively (previously President and Chief Investment Officer, 2001-April 2010); Chief Executive Officer, Global Asset Management, Ameriprise Financial, Inc. since September 2012 (previously Chief Executive Officer, U.S. Asset Management & President, Annuities, May 2010- September 2012 and President –U.S. Asset Management and Chief Investment Officer, 2005-April 2010); Director and Chief Executive Officer, Columbia Management Investment Distributors, Inc. since May 2010 and February 2012, respectively (previously Chairman of the Board and Chief Executive Officer, 2006-April 2010); Chairman of the Board and Chief Executive Officer, RiverSource Distributors, Inc. since 2006; President and Chief Executive Officer, Ameriprise Certificate Company, 2006-August 2012. | 183 | Former Director, Ameriprise Certificate Company, 2006-January 2013 | None |
| * | Interested person (as defined under the 1940 Act) by reason of being an officer, director, security holder and/or employee of the Investment Manager or Ameriprise Financial. |
The rest of this section remains the same.
*Valid until next update
SAI920_12_001_(01/14)