Seligman Select Municipal Fund, Inc. and Seligman Quality Municipal Fund, Inc. Announce Dividend Information
June 23 2006 - 3:57PM
Business Wire
Seligman Select Municipal Fund, Inc. (NYSE: SEL) announced that it
currently estimates that 3.9% of the monthly distributions paid to
common stockholders in 2006 will be in excess of the Fund's net
investment income (i.e., a return of capital), but under applicable
federal law, will be taxable as ordinary income. Seligman Quality
Municipal Fund, Inc. (NYSE: SQF) announced that it currently
estimates that 3.8% of the monthly distributions paid to common
stockholders in 2006 will be in excess of the Fund's net investment
income (i.e., a return of capital), but under applicable federal
law, will be taxable as ordinary income. In each case, the
remaining amount will be treated as "exempt interest" dividends for
federal income tax purposes. The actual portion of the
distributions that will be taxable will be provided to stockholders
with their year-end tax statements. Seligman Quality Municipal
Fund, Inc. and Seligman Select Municipal Fund, Inc. are managed by
J. & W. Seligman & Co. Incorporated, a New York-based
investment manager and advisor, which was founded in 1864. You
should consider the investment objectives, risks, charges, and
expenses of a Fund carefully before investing. You can obtain a
prospectus containing information about a Fund (including its
investment objectives, risks, charges, expenses, and other
information) by contacting your financial advisor or Seligman
Services, Inc. at 800-597-6068. You should read the prospectus
carefully before investing in the Fund.
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