Seligman Select Municipal Fund

NON-US FUNDS

IMPORTANT PERFORMANCE INFORMATION

The rate of return will vary and the principal value of your investment will fluctuate. Shares, if sold, may be worth more or less than their original cost. The net asset value of your shares may not always correspond to the market price of such shares. In fact, shares of many closed-end funds frequently trade at a discount from their net asset value.

An investment in Seligman Select Municipal Fund could be adversely affected by income risk, interest rate risk, call risk and credit risk.

Seligman Select Municipal Fund

Seligman Select Municipal Fund (SEL-NYSE)

Fixed Income: Municipal Bonds
Investment profile: The Fund seeks to provide a high level of current income exempt from federal income taxes, consistent with preservation of capital and with consideration given to opportunities for capital gain. The Fund invests only in investment grade tax-exempt municipal bonds. Seligman Select Municipal Fund has consistently paid dividends to stockholders of record for 90 consecutive months following its inception in 1990. Please note: All or a portion of the Fund's dividends may be subject to AMT.

Portfolio Managers / Investment Teams:
Thomas G. Moles and Eileen Comerford / Seligman Municipals Team

You should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. Investors can obtain the Fund’s most recent annual, mid-year and quarterly reports and other regulatory filings by contacting Seligman Services, Inc. at 800-597-6068. These reports and other filings are also available on the Securities and Exchange Commission’s EDGAR Database. You should read these reports and other filings carefully before investing or sending money.

800.221.2783