Seligman Quality Municipal Fund declares year-end capital gain distribution and pays fourth quarter dividend

Business Wire, Dec 6, 1995

NEW YORK--(BUSINESS WIRE)--Dec. 6, 1995--Directors of Seligman Quality Municipal Fund, a closed-end municipal bond fund traded on the New York Stock Exchange, yesterday declared a capital gain distribution of $.102 per share from net long-term gain and $.001 from net short-term gain realized on investment transactions payable December 27 to shareholders of record December 15.

Shares of Seligman Quality Municipal Fund will be offered "ex-dividend" on Dec. 13, 1995.

The directors also declared a dividend of $.0782 per share, payable December 27 to stockholders of record on December 15. Shares of Seligman Quality Municipal Fund will be offered "ex-dividend" on Dec. 13, 1995. The dividend is the fund's 34th payment to stockholders since its inception in November 1991.

J. & W. Seligman & Co. Inc., founded in 1864, is an investment manager and advisor with more than $15 billion in assets. The firm serves pension plans, institutions and individuals. J. & W. Seligman manages the Seligman Group of Funds, with more than 40 portfolios, including Tri-Continental Corp., the nation's largest, diversified closed-end equity investment company, and two closed-end municipal bond funds which are traded on the New York Stock Exchange. Specialty international and global funds are provided through Seligman Henderson Co., a joint venture between J. & W. Seligman & Co., and Henderson Administration Group plc, one of Europe's largest independent investment managers.

CONTACT: Sherman/Morris Inc.

Heather MacLeod, 212/850-1383