Board Members of Columbia Seligman Premium Technology Growth Fund Elect New
Director to Board Who Will Serve as Its New Chair
BOSTON -- November 20, 2013
The Board of Directors (the Board) of Columbia Seligman Premium Technology
Growth Fund, Inc. (the Fund) (NYSE: STK) today held a meeting (the Meeting) at
which its members considered and, thereafter, unanimously elected William P.
Carmichael to the Fund’s Board. Mr. Carmichael’s service with the Board will
commence on January 1, 2014, at which time he will serve as chairman of the
Board, per action at the Meeting by the Board’s existing members. He will also
serve on the Board's Governance Committee, Compliance Committee, Contracts
Committee, Executive Committee and Investment Review Committee. Mr. Stephen R.
Lewis, Jr., the Board’s current chairman, is retiring from his service as
chairman of the boards of all of the Columbia Funds, including the Fund,
effective January 1, 2014. Thereafter, he will continue to serve as a member
of the Board, subject to his re-election by the Fund’s stockholders at their
next annual meeting. Also effective January 1, 2014, Mr. Carmichael will
commence service as chairman of the board of certain open-end Columbia funds.
Mr. Carmichael has, since 2003, served on the board of trustees of certain
other funds in the Columbia Family of Funds, of which the Fund is a part. Mr.
Carmichael has agreed to stand for election by stockholders at the Fund’s 2014
Annual Meeting of Stockholders. Below is a biography relating to present and
past (within 5 years) directorships/trusteeships held by Mr. Carmichael.
In addition to his service as trustee to certain of the funds in the Columbia
Family of Funds, Mr. Carmichael is a director of Cobra Electronics Corporation
(electronic equipment manufacturer), The Finish Line (athletic shoes and
apparel) and International Textile Corp. He is a former trustee ofBank of
America Funds Series Trust, and a former director of McMoRan Exploration
Company (oil and gas exploration and development), Spectrum Brands, Inc.
(consumer products) and Simmons Company (bedding).
Investors should consider the investment objectives, risks, charges, and
expenses of the Fund carefully before investing. You can obtain the Fund’s
most recent periodic reports and other regulatory filings by contacting your
financial advisor or visiting www.columbiamanagement.com. 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
The market prices of technology and technology-related stocks tend to exhibit
a greater degree of market risk and price volatility than other types of
investments. These stocks may fall in and out of favor with investors rapidly,
which may cause sudden selling and dramatically lower market prices. These
stocks also may be affected adversely by changes in technology, consumer and
business purchasing patterns, government regulation and/or obsolete products
or services. Technology and technology-related companies are often smaller and
less experienced companies and may be subject to greater risks than larger
companies, such as limited product lines, markets and financial and managerial
resources. These risks may be heightened for technology companies in foreign
Investment products are not federally or FDIC-insured, are not deposits or
obligations of, or guaranteed by any financial institution, and involve
investment risks including possible loss of principal and fluctuation in
The Fund’s use of derivatives introduces risks possibly greater than the risks
associated with investing directly in the investments underlying the
derivatives. A relatively small price movement in an underlying investment may
result in a substantial gain or loss.
The Fund should only be considered as one element of a complete investment
program. An investment in the Fund should be considered speculative. The
Fund’s investment policy of investing in technology and technology-related
companies and writing call options involves a high degree of risk.
There is no assurance that the Fund will meet its investment objectives or
that distributions will be made. You could lose some or all of your
investment. In addition, closed-end funds frequently trade at a discount to
their net asset values, which may increase your risk of loss.
Columbia Seligman Premium Technology Growth Fund is managed by Columbia
Management Investment Advisers, LLC. This material is distributed by Columbia
Management Investment Distributors, Inc., member FINRA.
Past performance does not guarantee future results.
NOT FDIC INSURED · MAY LOSE VALUE · NO BANK GUARANTEE · NOT A DEPOSIT · NOT
INSURED BY ANY FEDERAL GOVERNMENT AGENCY
© 2013 Columbia Management Investment Advisers, LLC. All rights reserved.
For Columbia Seligman Premium Technology Growth Fund, Inc.
Gary Terpening, 212-850-1533
Steven Connolly, 612-671-4146
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