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Columbia Seligman Premium Technology Growth Fund Announces Fourth Quarter Distribution: 9.25% Annual Rate For IPO Investors

The amounts, sources and percentage breakdown of the distributions reported above are only estimates and are not being provided for, and should not be used for, tax reporting purposes. The actual amounts, sources and percentage breakdown of the distribution for tax reporting purposes, which may include return of capital, will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations.

The following table sets forth (i) the average annual total return of a share of the Fund’s common stock at net asset value (NAV) for the period since inception of Fund investment operations through the period noted and (ii) the Fund’s annualized distribution rate, for the same period, expressed as a percentage of the NAV price of a share of the Fund’s common stock at October 31, 2011.

         
Average Annual Total NAV Return for the       Annualized Distribution Rate as a Percentage of
Period Since Inception of Investment October 31, 2011 NAV Price (For the Period
Operations (November 30, 2009) Through Since Inception of Investment Operations
October 31, 2011       (November 30, 2009) Through October 31, 2011)
5.86%       10.31%

The following table sets forth (i) the cumulative total return (at NAV) of a share of the Fund’s common stock for the year-to-date period ended October 31, 2011 and (ii) the Fund’s distribution rate, for the same period, expressed as a percentage of the NAV price of a share of the Fund’s common stock at October 31, 2011.

         
      Distribution Rate as a Percentage of October
Cumulative Total NAV Return for the Year-to- 31, 2011 NAV Price (for the Year-to-Date Period
Date Period Ended October 31, 2011       Ended October 31, 2011)
-5.54%       7.73%

You should not draw any conclusions about the Fund’s investment performance from the amount of the distributions noted in the tables above or from the terms of the Fund’s distribution policy.

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