Seligman Select Municipal Fund, Inc. Declares January Income Dividend Distribution
January 06 2009 - 5:04PM
Business Wire
Directors of Seligman Select Municipal Fund, Inc. (�Select
Municipal�) (NYSE: SEL) today declared an income dividend of $0.036
per common share. The dividend will be payable January 23, 2009 to
stockholders of record on January 16, 2009. Common shares of Select
Municipal will be offered �ex-dividend� on January 14, 2009.
Effective November�7, 2008, Select Municipal is managed by
RiverSource Investments, LLC, a wholly owned subsidiary of
Ameriprise Financial, Inc. Prior to then, Select Municipal was
managed by J.�& W. Seligman�& Co. Incorporated. RiverSource
Fund Distributors, Inc. (formerly known as Seligman Advisors, Inc.)
is the principal underwriter of the RiverSource family of funds,
which includes Select Municipal RiverSource Investments, LLC, 200
Ameriprise Financial Center, Minneapolis, Minnesota 55474, is also
the investment manager of the other funds in the Seligman Group of
Funds, and is wholly owned subsidiary of Ameriprise Financial, Inc.
Ameriprise Financial, Inc. is a financial planning and financial
services company that has been offering solutions for clients'
asset accumulation, income management and protection needs for more
than 110 years. In addition to managing investments for the
Seligman Group of Funds, RiverSource manages investments for the
RiverSource funds, itself and its affiliates. For institutional
clients, RiverSource and its affiliates provide investment
management and related services, such as separate account asset
management, and institutional trust and custody, as well as other
investment products. The net asset value of shares of Seligman
Municipal 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. Select Municipal 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. Fixed-income securities owned by
Select Municipal are subject to interest-rate risk, credit risk,
repayment risk, and market risk. To the extent that Select
Municipal concentrates its investments in municipal securities
issued by a single state and its municipalities, specific events or
factors affecting a particular state may have an impact on the
municipal securities of that state without affecting the municipal
market in general. There is no guarantee that Select Municipal�s
investment goals/objectives will be met, and you could lose money.
You should consider the investment objectives, risks, charges, and
expenses of Select Municipal carefully before investing. You can
obtain Select Municipal�s most recent periodic reports and other
regulatory filings by contacting your financial advisor or Seligman
Services, Inc. at 800-597-6068. These reports and other filings can
also be found on the Securities and Exchange Commission�s EDGAR
database. You should read these reports and other filings carefully
before investing.
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