<SEC-DOCUMENT>0001193125-16-563561.txt : 20160608
<SEC-HEADER>0001193125-16-563561.hdr.sgml : 20160608
<ACCEPTANCE-DATETIME>20160428154637
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-16-563561
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20160428

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TRI-CONTINENTAL CORP
		CENTRAL INDEX KEY:			0000099614
		IRS NUMBER:				135441850
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		225 FRANKLIN STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		612-671-4321

	MAIL ADDRESS:	
		STREET 1:		225 FRANKLIN STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TRI CONTINENTAL CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">April&nbsp;28, 2016 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Mr.&nbsp;James O&#146;Connor </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Securities and Exchange Commission
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Division of Investment Management </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">100 F Street, N.E. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Washington, D.C. 20549 </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">RE:</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Tri-Continental Corporation (the &#147;Fund&#148;) </FONT></TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">File No.&nbsp;333-104669/811-00266 </FONT></TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662"><U>Post-Effective Amendment to a Registration Statement on Form N-2</U> </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Dear Mr.&nbsp;O&#146;Connor: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">This letter responds to comments
received by telephone on April&nbsp;27, 2016 for the above-referenced Post-Effective Amendment (&#147;Filing&#148;). Comments and responses are outlined below: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="15%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Comment&nbsp;1: </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">In the &#147;Investment Objective and Other Policies and Related Risks&#148; section of the Fund&#146;s prospectus, please disclose the types of securities in which the Fund is
invested as of a recent date. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="15%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Response: </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">The following disclosure has been added to the &#147;Investment Objective and Other Policies and Related Risks&#148; section of the Fund&#146;s prospectus:
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">&#147;As of March&nbsp;31, 2016, the Fund had invested 70% of its net assets in equity securities, 13.35% of its net assets in fixed income instruments
and 16.09% of its net assets in convertible securities.&#148; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="15%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Comment&nbsp;2: </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Please review and, if necessary, tailor the disclosure in the &#147;Investment Objective and Other Policies and Related Risks&#148; section of the Fund&#146;s prospectus relating
to the use of derivatives in response to the letter from Mr.&nbsp;Barry&nbsp;Miller, Associate Director of the SEC&#146;s Office of Legal and Disclosure, to Ms.&nbsp;Karrie McMillian, General Counsel, Investment Company Institute, dated
July&nbsp;30, 2010 (&#147;Barry Miller Letter&#148;). </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="15%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Response: </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">The Fund has reviewed this disclosure and has determined that no change is currently warranted. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR VALIGN="TOP">
<TD WIDTH="15%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Comment&nbsp;3: </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">In connection with the Fund&#146;s ability to issue senior securities, please disclose that the Fund will satisfy the requirements of Section&nbsp;18(a)(1)(B) and 18(a)(2)(B) of
the Investment Company Act of 1940, as amended. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="15%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Response: </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">The following disclosure has been added to the &#147;Additional Investment Policies&#148; section of the Fund&#146;s Statement of Additional Information (SAI):
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">&#147;If the Fund issues senior securities, the Fund may not, to the extent required by the 1940 Act, declare dividends (except dividends payable in
stock of the Fund) or other distributions on stock or purchase its stock (including through tender offers) if, immediately after doing so, it will have an asset coverage ratio of less than 300% or 200%, as applicable.&#148; </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="15%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Comment&nbsp;4: </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Please disclose, with respect to the lending of portfolio securities, that in addition to the limitation that the Fund will not lend securities if the total of all such loans
would exceed 33&nbsp;<FONT SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">&nbsp;1</SUP></FONT><FONT SIZE="2">/</FONT><FONT SIZE="1"><SUB STYLE="vertical-align:baseline; position:relative; top:.1ex">3</SUB></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">% of the Fund&#146;s total assets, any such loans of securities will be secured by at least 100% permissible collateral. </FONT></FONT></TD></TR></TABLE>

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<TD WIDTH="15%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Response: </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">The &#147;Lending of Portfolio Securities&#148; section of the Fund&#146;s prospectus currently states that loans of Fund securities will only be made &#147;in exchange for
collateral at least equal in value to the loaned securities, marked to market daily.&#148; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Additionally, as disclosed in the &#147;Lending of Portfolio Securities&#148; section, the Fund does not currently participate in a securities lending
program. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="15%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Comment&nbsp;5: </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">In the &#147;About Fund Investments&#148; section of the Fund&#146;s SAI, please clarify in which types of investments listed in the table beneath the heading &#147;Types of
Investments&#148; the Fund is currently invested. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="15%"> <P STYLE="margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Response: </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">The Fund notes that the &#147;About Fund Investments&#148; section of the SAI currently states: </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="21%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">&#147;To the extent that a type of security identified in the table below for a Fund is not described in the Fund&#146;s prospectus (or as a
sub-category of such security type in this SAI), the Fund generally invests in such security type, if at all, as part of its non-principal investment strategies&#133;The Fund may invest in these types of securities, subject to its investment
objective and fundamental and non-fundamental investment policies. <I>A Fund is not required to invest in any or all of the types of securities listed below</I>&#148;<I>(emphasis added)</I>. </FONT></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">In connection with the above-referenced Filing, the Fund hereby acknowledges the following: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">The disclosures in the filing are the responsibility of the Fund and the Fund is fully responsible for the adequacy or
accuracy of the disclosures in this filing. The Fund represents to the Commission that comments made by the Commission, or the staff acting pursuant to delegated authority, or changes to disclosure in response to staff comments in the filing
reviewed by the staff, do not foreclose the Commission from taking any action with respect to the filing, and the Fund represents that it will not assert this action as a defense in any proceeding initiated by the Commission or any person, under the
federal securities laws of the United States. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">If you have any questions, please contact either me at (212)&nbsp;716-2986 or
Joseph D&#146;Alessandro at (212)&nbsp;850-1703. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Sincerely,</FONT></TD></TR>
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<TD HEIGHT="16"></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px;border-bottom:1px solid #374662"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">/s/ Matthew B. Fleischer</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Matthew B. Fleischer</FONT></P></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Associate Counsel</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2" COLOR="#374662">Ameriprise Financial, Inc.</FONT></TD></TR>
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