Seligman Quality Municipal Fund, Inc. Announces Proxy Results
11 November 2006 - 4:55AM
PR Newswire (US)
NEW YORK, Nov. 10 /PRNewswire-FirstCall/ -- Seligman Quality
Municipal Fund, Inc. (NYSE:SQF) (the "Fund") announced the results
of proxy voting relating to the Fund's 2006 Annual Meeting of
Stockholders. The results are as follows: 1) Each of the nominees
for election as director has received a majority of the votes
entitled to be cast at the meeting, and each is therefore elected;
and 2) a majority of the votes cast at the meeting was cast in
favor of the proposal to ratify the selection of Deloitte &
Touche LLP as auditors of the Corporation for 2006, and that
proposal was approved. The stockholder proposal to request that the
Board of Directors promptly take steps necessary to open-end the
Fund was not properly presented at the meeting and therefore not
voted upon. However, management of the Fund has determined to
recommend to the Fund's Board of Directors that the Fund hold a
meeting of stockholders in the first quarter of 2007 and that
either a resolution authorizing the open-ending of the Fund or a
resolution authorizing the liquidation of the Fund be on the agenda
for such meeting. Seligman Quality Municipal Fund, Inc. is managed
by J. & W. Seligman & Co. Incorporated, a New York-based
investment manager and advisor, founded in 1864. You should
consider the investment objectives, risks, charges, and expenses of
a Fund carefully before investing. You can obtain the Fund's most
recent annual, semi-annual, and quarterly reports by contacting
your financial advisor or Seligman Services, Inc. at 800-597-6068.
These reports and other information are also available on the
Securities and Exchange Commission's EDGAR Database. DATASOURCE:
Seligman Quality Municipal Fund, Inc. CONTACT: Media: Hank Green,
+1-212-867-0132, ; or Stockholders: Marco Acosta, 1-800-597-6068,
Option #1,
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