Columbia Seligman Premium Technology Growth Fund Special Fourth Quarter Announcement

In October 2010, a Fund received exemptive relief from the Securities and Exchange Commission, allowing the Fund to make periodic transactions in excess of the limits prescribed by the Investment Company Act of 1940. This relief is subject to certain conditions, including the requirement that the Fund calculates its net asset value (NAV) per share at least once daily and discloses it to the public. The Fund must also meet additional guidelines regarding the proper valuation of its portfolio securities.

This exemptive relief provides the Fund with more flexibility in managing its investments and conducting transactions. By being able to exceed certain regulatory limits, the Fund can take advantage of market opportunities more effectively and adjust its portfolio in response to changing market conditions.

It is important to note that even with this exemptive relief, the Fund is still subject to regulatory oversight and must adhere to the conditions set forth by the SEC. Investors should be aware of these conditions and understand how they may impact the Fund’s investment strategies and performance.

Overall, this exemptive relief allows the Fund to operate more efficiently and pursue its investment objectives with greater flexibility. By complying with the SEC’s guidelines and maintaining transparency in its operations, the Fund can continue to provide value to its shareholders while navigating the complex regulatory landscape of the securities industry.